His Car Insurance Was Really High
Finance and Insurance September 2nd, 2009My son just bought a brand new fancy red sports car. I was shocked to see him pull up in the driveway with it. He said that he got such a great deal on it that he could not pass it up. The only problem with it, is that the car insurance is really high for it. Apparently when you have a fancy car that people like to steal, it makes your car insurance rates very high.
I would think that if you keep it in a parking garage when you are at work, and then in your own garage at home, that the car insurance companies should cut you a break but that is not how it works. I asked him what his wife thought about the new fancy red sports car, and he said that she was not too thrilled with it but he knew that once she drove it that she would love it. He may have to let her drive it all the time, when she finds out how expensive the car insurance is on it.
I am glad that my son got the car of his dreams but am not happy that someone else gets to determine how much he should pay for his car insurance on top of the car payment that he is making.














