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Is a car insurance rate equal to your profit of a two month period too much?

  

Is a car insurance rate equal to your profit of a two month period too much?

Postby arkwright37 » Wed Jun 27, 2012 10:59 am

I make around $1300 as profit monthly, would a $2000 annual car insurance rate too much?

Thank you for your advices :D
arkwright37
 
Posts: 392
Joined: Thu Mar 31, 2011 2:33 pm

Is a car insurance rate equal to your profit of a two month period too much?

Postby rutledge » Wed Jun 27, 2012 11:04 am

$2,000 a year is normal for full comprehensive and collission.
Once your car is paid off, consider liability only and raise your deductible.

And yes, you bought too expensive of a car.
rutledge
 
Posts: 362
Joined: Sat Apr 02, 2011 5:34 am

Is a car insurance rate equal to your profit of a two month period too much?

Postby adiv » Wed Jun 27, 2012 11:12 am

Car insurance rates are not based on ones monthly profit. Instead, rates are based on the territory the vehicle is licensed, the type of vehicle licensed, the operators driving record and the level of coverage desired.
adiv
 
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