Nick Hull wrote:
In article ,
"DebbieG" wrote:


We bought the vehicle new and it has been insured with the same insurance
the entire time so they know it has never been in a wreck (we've never had a
claim on it).


I would be interested in a comparison between the insurance premiums you
paid over the car's lifetime and what they give you for a total.


Won't tell you much, the amount they will give you is pretty
much a regional figure, the amount you pay on insurance can
be highly local and individual. I assume you are looking to
see what the value of the coverage was compared to the cost.
The only part of the insurance that is relevant in that
comparison is the collision part and maybe the comprehensive
since there was a lot of glass damage. Liability, medical,
and uninsured motorist may be mandated by the state.

I can give you an idea, I have a 1994 Explorer and currently
the cost of comprehensive is 24.30 (full coverage) and
collision ($100 deductible) is 42.60 each 6 months. Those
costs have been close since 1998 when I bought the machine.
So that is about $135 per year. Thats only $806 for 6
years, so if I totaled my machine, assuming I got $3800 I
would be $3000 ahead. Or, another way of looking at it, is
that my machine will be worth at least $2000 for as long as
I have it, so I can pay those costs for nearly 15 years and
break even. If you want to compare to having or not having
the vehicle, it is very different since the required
insurance part is nearly 150 percent of the collision and
comprehensive cost.

Like I said, the costs are highly local and individual. A
person in another city even with a good driving record could
be pay 3 times what I pay. and I am sure some pay as little
as 1/2 of what I pay.