Hit by Car, Need Advice to Help with Insurance Response
11-11-19, 01:34 PM
#51
Senior Member
Originally Posted by CliffordK
Your insurance rates are based on an expected payout.
Even if you've been driving for 50 years without accidents or tickets, your rates still reflect the expected payout calculations which includes the cost of payouts plus a profit margin.
Even if you've been driving for 50 years without accidents or tickets, your rates still reflect the expected payout calculations which includes the cost of payouts plus a profit margin.
With arguments like yours, you should try to convince people to own the cheapest possible car to reduce payouts. Me, I'm thinking 2020 C8 Corvette Z51 - only 80K. The insurance will cost a lot more than a modest SUV.
