Quote:
Originally Posted by Hondaracer
This isn’t a house where my home is now worth $80,000 more than it was previously under my last agreement.
My car is now worth less, it’s a year older, my driving record has improved, and I’ve gone another year without a claim. My insurance policy is 20% of the value of my vehicle.
What am I paying more for? Other drivers.
|
If buy a used Mercedes for 50K does not mean the repair costs are going to be the same as my new GR Corolla that cost around the same amount to buy. There is a max they can discount on insurance. If they kept giving you a discount every year sooner or later your insurance would be $0.