Re: Affordable insurance for a car only driven 3-4 times a yr
[Re: not_a_charger]
#2781950
06/05/20 10:50 PM
06/05/20 10:50 PM
|
Joined: Jan 2003
Posts: 10,867 Freeport IL USA
poorboy
I Live Here
|
I Live Here
Joined: Jan 2003
Posts: 10,867
Freeport IL USA
|
If you are out driving the car on one of those 3 or 4 days a year, and you get into an accident, would it really matter if that would have been the 120th day you drove it? You will still expect the insurance company to pay the agreed value. Another aspect you are missing is that annual coverage covers the car all the time. Should a house fire consume the car, even if you haven't driven it at all this year, you would still expect the insurance company to cover your loss.
The premium you are paying is what the insurance company determines is the cost of replacing that car at the agreed price, weather or not your driving it at the time of loss. If you happen to be driving it at the time of loss, the company also covers, up to policy limits, the liability you may be on the line for as well. If you look at your policy, it will tell you how much the vehicle coverage cost and how much the liability costs, there is probably a policy cost, and may even be towing coverage as well added in. I suspect the liability cost is pretty low anyway, and that amount is the only part that could be impacted by how much you drive. The only limiting factor I've ever seen on an insurance policy is how much you drive, not how little you drive.
I have liability insurance only on my coupe. It costs me over $100 a year for liability only even with several discounts (good driving record, low traffic area, & multiple vehicles just to name a few). That would be zero coverage on the car itself. If it gets wrecked and its not my fault, I will get whatever the others persons insurance will pay.
If you think that classic car insurance is a rip off, put just liability coverage on it and drive it. That might save you a $100 a year, but it could cost you a lot more with a total loss. Gene
|
|
|
Re: Affordable insurance for a car only driven 3-4 times a yr
[Re: jcc]
#2781998
06/06/20 08:32 AM
06/06/20 08:32 AM
|
Joined: Nov 2007
Posts: 21,910 Kirkland, Washington
Pacnorthcuda
Too Many Posts
|
Too Many Posts
Joined: Nov 2007
Posts: 21,910
Kirkland, Washington
|
The flip side is, how is the Insurance supposed to know if I might be driving my car 3,000,000 miles a year? They are playing the averages, its a shared risk concept. That would require an average speed of 342 mph, 24 hours a day, 365 days a year. I am sure they are confident you are not driving 3 million miles a year.
|
|
|
Re: Affordable insurance for a car only driven 3-4 times a yr
[Re: Pacnorthcuda]
#2782003
06/06/20 08:41 AM
06/06/20 08:41 AM
|
Joined: Dec 2003
Posts: 23,299 Here
jcc
If you can't dazzle em with diamonds..
|
If you can't dazzle em with diamonds..
Joined: Dec 2003
Posts: 23,299
Here
|
The flip side is, how is the Insurance supposed to know if I might be driving my car 3,000,000 miles a year? They are playing the averages, its a shared risk concept. That would require an average speed of 342 mph, 24 hours a day, 365 days a year. I am sure they are confident you are not driving 3 million miles a year. OK OK, Ok, I confess, my mileage is based on the earths rotational orbit, confidence does not automatically confer accuracy.
" All sorts of things can happen when you are open to new Ideas" Inventor of Kevlar
|
|
|
Re: Affordable insurance for a car only driven 3-4 times a yr
[Re: jcc]
#2782008
06/06/20 08:52 AM
06/06/20 08:52 AM
|
Joined: Aug 2019
Posts: 10,094 Super Spudsville
Mr PotatoHead
Half Baked
|
Half Baked
Joined: Aug 2019
Posts: 10,094
Super Spudsville
|
I have one older mopar I drive less then 500 miles a year and they charge me $16 a month. What 50 cents a day?
Its easy to skip a few coffees or one time out to lunch a month to offset the costs.
STOP POTATO HATE!
|
|
|
Re: Affordable insurance for a car only driven 3-4 times a yr
[Re: Mr PotatoHead]
#2782135
06/06/20 02:07 PM
06/06/20 02:07 PM
|
Joined: Mar 2003
Posts: 4,848 Memphis
HemiRick
OP
master
|
OP
master
Joined: Mar 2003
Posts: 4,848
Memphis
|
Who is they? As I've stated I've stopped driving the uninsured cars....
Last edited by HemiRick; 06/06/20 02:08 PM.
Take care, Rick 68 Coronet R/T 440 & 68 Charger 528 Hemi,and 5 Challengers! 6 cyl, 318, 360, 383, 451
|
|
|
|
|