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Originally Posted by saden1
And if the cost comes to $7000 dollars are you willing to pay the extra $2000 out of pocket? What we need is tougher laws and enforcement against insurance fraud to bring the cost down.
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Saden, you hit it right on the head bro! There needs to be tougher laws out there!
Also I think its important to say that insurance is to protect YOU from catastrophic loss. It is not there for the nickel and dime type losses from a windshield crack. It is there when you are riding along and run a red light and smoke a family of 4. In regards to the deductible, you should always have a large deductible $500+ if you can afford to pay the first $500 of a loss. I have always had a $1k deductible and it lowers your premiums drastically. Now if you can't afford to pay the deductible, by all means don't stretch yourself to do so because sure enough a loss will happen.
Also, as an underwriter (pricing) of risk, motor vehicle records are PROVEN statistical indicators. A driver that has had 1 moving violation in the past 12 months is TEN times more likely to have an accident than a driver with no violations. That is a HUGE statistic. Insurance is a numbers game and with odds like this you can bet the pricing is inflated for tickets and the like.