Friday, November 26, 2010

Car Insurance




Hey guys, I'm in the process of getting new car insurance.

Switching over my coverage from an American company to a Canadian. (I moved). Wow there is a BIG price difference. I was paying under 100 a month before... now I'm paying 200+ a month. Pretty big increase. However, the liability coverage is much better here (usually at $1 Mil) whereas in the states it's not nearly as high.

I had health insurance through my job in the states... but in Canada... oh yeah, I don't need to worry about that here! Haha, that is one pretty big plus.

I'm not really a huge fan of Insurance as I feel like it's generally overpriced for what you're getting. Insurance is just one of those things you have to pay and 99% of the time you won't need it, but that 1% of the time you need it, you REALLY need it.

Basically lottery odds, unless you're a really bad driver.

Interesting thought; instead of having insurance, imagine if you had spent all that money over the years on lottery tickets, then realize you could buy something like 400-800 lottery tickets a year. I don't want to think about that.

9 comments:

Evan said...

I feel the same way about insurance, It's a burden most of the time but once you have an accident or get hurt, your really glad it's there

ThatGuy said...

The state that I live in you can pay an uninsured motorist fee of $500 and drive without insurance and not get a ticket.

Beaker said...

Interesting thought, I prefer to have insurance, just in case, but it is a little over priced.

Ben said...

Im a decent driver... They should have driving tests to calculate your rates.

IQuotes said...

Interesting way to put it actually.
<3Canada

Vapor said...

I've heard the lines to actually get the free health care up there are brutal.

Someone said...

canadian raaaaaaaaaaaaage

Das Auto! said...

i live in canada too. the healthcare is awesome, except if u need like a major surgery because u might get put on a waiting list. as for car insurance, i have to go thru ICBC

Unknown said...

I'm in Canada too; ya great healthcare......... too bad our taxes are jacked up. You notice your diminished disposable net income compared to how much you make since moving here :)
Ya imagine.... if you could keep what you earn.

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