Tag Archives: Car Insurance

[ Current Events ] Open Question : Has Britains "system" failed?

Theres no jobs, theres no money to borrow, the public transport is rubbish and unreliable. Car insurance is an all time high and so is petrol/diesel. People are depressed/anxious. Is there anything great about Great Britian anymore? Are the politicians playing sick mind games with us? Why do we not revolt in these hard times? I cant believe people just “get on with it”. This is not what I call “living”. Im interested to hear your thoughts on this, thanks

[ Insurance ] Open Question : How to Get Cheap Car Insurance in NJ for Young Drivers?

Last week I bought my first car.But one thing that I didn’t do was to check my car insurance premiums.I did it yesterday and I was amazed how expensive is that.I’ll have to pay more than $300mo.Is is normal?Why my car insurance is so expensive.First thing they told me was that I need to pay more, because I’m young driver.Yes I’m under 25 years old.I’m from NJ.Can you please tell me how to get cheap car insurance in NJ for young drivers?Also any tips to help me to reduce this price…I’m ok with my car but I feel it won’t be possible for me to pay so much for car insurance.I need cheaper insurance plan.

[ Insurance ] Open Question : Would this be legal ? start own car insurance company and insure self.?

We were talking about the price of car insurance at work today about how the cost is becoming ridiculous. I came up with this idea its entirely hypothetical but it got me wondering if it was possible. Just say i started and registered a insurance business. I offered 3rd party only insurance to my close friends and family people that i know personally are careful drivers.Say 50 people get a years cover for just £100 and i insure my self for free. Now i know what you might be thinking “what happens if some one has a bump?” Well i have £5000 in the business account so it should cover minor repairs however and hear comes the is it legal part if someone puts in a large claim that i cannot cover.Say my grandma writes off some rich mans Bentley. I just declare the company bankrupt ! Thinking about it its not to different to what the bankers have been doing .