Quote:
Originally Posted by flameswin
Anyone else in their mid to late twenties like me and remember the insanity of car insurance for young males before the insurance reforms (early 2000's)? I can't believe it was even legal for them to gouge us that badly.
My buddy bought a used Cavalier for $5000 and ended up paying $4500 a year insurance.
I got offered a Cavelier for a very good deal (9k, almost new), and was so excited to buy it. A quote of $6000 insurance killed that dream.
I finally found an older Altima and ended up paying $4800 a year. When the insurance reform came into effect I couldn't believe it. I got bumped down to $1900 a year, and it was like winning the lottery. Seriously.
|
Yup. I remember worriedly trying to find any insurance company to insure me in 1997. I had had one accident and that killed my chances. I finally found an insurer in Chinatown (by literally going through the phone book one company at a time) who finally agreed to insure me for $4000/year. I had to take it since I needed a car for work.
Then I discovered Meloche Monnex which, because I was a University grad, gave me a discounted rate, plus had a one accident forgiveness policy which brought my rate down to around $1000. Such relief! I can still feel that creeping feeling of desperation when it seemed I couldn't even get insurance, let alone afford it.