BlackWolf
3/18/2006 2:05:45 PM
I'm talking about overall. What I mean is that a fresh 16 year old white male will get a different rate than a fresh 16 black male.
And anyone who has $600,000 to blow on a plate like it's nothing, the insurance can't be that high even if you have a mile high stack of traffic tickets.
(A guy that makes $80,000 a year and buys a $30,000 and if he had the equivalent of $10 million that would be him buying a car that's $3,750,000, so that's about ten Rolls-Royces with a little change left over.)
Lugnut
3/18/2006 2:20:39 PM
If I had that kind of money to throw around, I would get the cheapest insurance possible. Obviously, the car would be paid for, so I'd get liability only, or whatever minimum was required by law. I'd pay to repair my car instead of paying an insurance company to "maybe" repair my car. The Fed does that in the US, and richer local governments. Full coverage has gotta be insane for a new SL55.
I'm not sure I totally agree with your black versus white thesis. I've never been asked for my race when I got car insurance. Are you sure it's not a ZIP code (or "bad" neighborhood, "good" neighborhood) thing? My insurance rates have changed drastically just from moving to a different address (rural versus urban) or state.
BlackWolf
3/18/2006 4:19:38 PM
That's just something from a scientific study they found, but more than likely it's just a big coincidence with the zip codes and the bad and good neighborhood thing.
And everyone don't think the same about spending money. That's why you have some people that turn $1,000 into $100,000s into millions while you have some people that $30 million day and broke within a few years. And I would get liability also. Fulll coverage would be pointless with that much of a deep pocket. So far me to insure a car haven't fluctated too much all over the states just due to the fact that some things just cancel out. Like in Missouri where I was Mercedes parts are hard to get and thus are a little more expensive to repair when you do find a spot. But in Atlanta parts are easier to find but it also a metro area where an accident is more likely to happen as they put it. But all in all it's about profits.
mbz300sdl
3/18/2006 6:25:43 PM
Do I see a classic Lugnut and Blackwolf "discussion" coming on?!?
Lugnut
3/18/2006 6:34:50 PM
Sorry to disappoint you, but I have nothing more to add... unless another point arises.
mbz300sdl
3/18/2006 6:37:38 PM
Sorry was working on a deck all day long and i didnt get a chance to check the forum till now.
BlackWolf
3/18/2006 6:54:43 PM
No classics today. I don't even have anything more to say on that point.