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Re: $5K? not necessarily outrageous (archive)
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Posted by Big-T on December 22, 2000 at 23:15:22:

In Reply to: $5K? That's outrageous! posted by MikeH on December 22, 2000 at 23:04:29:

So called "high risk" drivers are penalized considerably by insurance companies. I've seen quotes of $5k for lesser cars than a 740 Bimmer - it's all about perceived risk from the insurance company's point of view. to clarify - I think it's outrageous too, but it's not uncommon.

Big-T


95 740 in Los Angeles (very high rate area). I'm paying $1100/year for 100/300K liability and 1000 deductible comp and collision.

I'm in my 40's, good record but one minor accident a few years ago. Insurer is State Farm.




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