Remember the Bucket Truck?
Back to thinking about what’s happened in the last year – do any of you remember the bucket truck incident? Everything turned out ok. No one was hurt, my car was paid off and I was able to, with cash, purchase another vehicle.
But, what if I hadn’t been able to pay for insurance? I hate to admit this, but there have been a few times when I carried a very expensive policy and was unable to pay on time. It was more than once that my insurance lapsed and had to be reinstated (with fees) when I was able to pay.
With the economy as crazy as it is, I’m sure this problem is occurring more than we’d like to think about as we hit the road. I don’t even want to know what the percentage of uninsured drivers is now that unemployment is higher everywhere than it has been in decades. I’m sure the terms ‘cheap insurance for women’ is a trending search on google.
And then, there’s the question – Do women get charged higher rates because they are women? I know we get charged more for dry cleaning and simple haircuts. What do you think? Does the joke about women drivers (unfounded, by the way) translate into higher premiums? I was surprised to find out women actually tend to be better drivers and, as a group, can qualify for lower insurance premiums. In fact, if you are a woman, you can find special discounts on car insurance for women.
What do you think? Have your insurance rates risen during the recession? Have you had to let your insurance lapse at least once?
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