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Originally Posted by ILLMATIK SB4 i sent you a PM. I live in queens to and im paying $2500 a year for full coverage with a $500 deductible. I thought this was pretty good. Get back to me ASAP!
Sidenote- Why do insurance companies charge people in big cities higher premiums? All the evidence shows that the more traumatic accidents happen in suburbia/small towns. |
bigger accidents yes, but a lot less frequently. less traffic, less theft, less vandilism. when there is a death there is actually a lower payout than if there is a perminant injury. with death there is just funeral cost plus a max of what the policy is (usually 1 mill) but with a perminant injury there are lawsuits in canada that are 10mill+ in usa its even higher.
so its based on how much they would have to pay out per year in benifits based on likelyhood of having a claim...more drivers = higher risk.
correct me if im wrong