Archive for the 'Insurance' Category

Carefully ‘Mothballing’ Your Car

Wednesday, June 11th, 2008

With fuel costs breaking new records everyday, lots of people are considering curtailing their driving. For some people, this may involve putting a car into storage for months or longer. I was considering it and I realized that there are probably a few things that I should do to the car if I want it to stay in the condition that it is in. Here are a few links with helpful information:

Mothballing your car

AAA has advice that seems to cater to people with really nice cars.

After moving in 2005, we went carless for a whole year. It can be done. I consider my 1990 Skoda to be a time saving device. It is not a necessity and it is not a part of my identity.

Hybrid Drivers Pay Less For Insurance

Friday, August 3rd, 2007

Here is what I got from a Ford press release:

“Travelers, one of the largest providers of personal insurance products in the United States, offers hybrid drivers in the states of California, New Jersey, Texas, New York, Maryland, Florida, Kentucky, Georgia and Washington discounts of up to 10 percent on certain coverages. The company estimates their hybrid policy business grew 200 percent in 2006.”

I think it is too soon for this insurer to base this decision on a large volume of statistics. I am willing to guess that there are two things at play. The individual insurance company wants to get a disproportionate share of a growth market, and they also are making the assumption that these drivers are more responsible than the average driver. This is like the opposite of the old story about them charging higher premiums for red cars. I am off to see if that old story was true…