I'm about fed up with Insurance and the Peoples Republic of New Jersey

After my move, my insurance on the T/A is going up $417, $303 of which is comprehensive alone. And I can't get a good explanation of why, only "it's the area". What a load of BS. Something has goe to be done about this. I'm moving from Maple Shade to Sicklerville, and my car is going to be stored in a garage, away from the hoodlums. It doesn't even get driven 2000 miles a year, and this is my reward? A huge freakin increase? anyone know any tricks. Thanks for letting me rant.

The sad part is that there isnt a damn thing you can do about it. You can call the governors office and let them know how you feel, but the truth is that it probably wont do a thing. I've gone thru some changes too. I was paying ~$1900/yr, thats with NO points, a good decent record, I'm over 25 and a $1500 deductible. I drove the car for a grand total of 3100 miles last year. Yeah thats $0.61 per mile I drove it. Its not even worth it to drive it anymore. I was about to buy another vehicle when my brother was deployed, then I got his truck till he comes home. So I dropped the collision from it, That will save me $844/yr. I'm still gonna pay for it... but I'm not even driving anymore :confused:.

Heres how I figure it, $1500 deductible and $844 for the colision portion of the ins... that means if I have an accident it will have to be more than the total of almost $2500 before the insurance company even has to put out a dime of their money to fix it... for 3100 miles a year :eek: I'll take my chances.

Right now I'm in looking into alternative types of insurance. My ins company cant do anything more for me, they dont offer eny other ins. So I'm looking into companies that offer alternative ins for collectors cars. I recently found out that many of them offer ins for "modified" vehicles. But I'm not 100% sure they will insure a 7-8 year old vehicle... we will see. Now this is not the type of insurance you would want for a daily driver, but my car will be lucky to see 800 miles this year since Ive pretty much taken it off the road. I'm only worried about myself now. If I hit someone...I may have a problem, but I'll take my chances once again.

Well, I got my dilemma figured out I think. About the end of Feb I should have about $5500 or so from my deployment pay, re-enlistment bonus, and savings that I won't have to put to closing on my house. Cash was going to go to a paintjob on the car, but I figure I'll pay it off. Save myself $200 a month there. Then, drop my collision and comprehensive. Save myself $1800 a year there. Liability only will be $475 a year, much more manageable.

I'm justifying dropping the comp because I drive the car less than 2000 miles a year. It NEVER gets left unattended in a public place or anywhere overnight anymore, and it will be stored in my garage. It will see sunny days when I feel like a drive in it, and frequent trips to the track. And, I don't drive like a maniac on public roads like I used to. So, I figure I'm ok. It's a shame too, because I'm with USAA, and if anyone knows, they're probably one of the top three companies out there, and by far the cheapest I know of, and it's still this bad.

Personally, something needs to be done about the insurance dilemma in NJ. It's getting to the point where people aren't going to be able to afford a car due to the insurance. It should be capped by the value of the vehicle. My car for instance would only sell for $6000 if I'm lucky, and yet I'm expected to pay $2300 a year, and that's with a spot free record. The take all comers rule has got to go, why should good drivers get stuck with high rates to compensate for the bad drivers out there? Thing I want to know is how bad exactly is the "loss" margin of the insurance companies now? I've noticed a bunch of talk about them losing money, and have yet to see a hard number. My money says they're making out like bandits. At least give the drivers some incentives, let us build up equity, or give us a kickback or something.

That is all. I can't wait to get back stateside.