Frugal Living: misc.consumers.frugal-living - 25 new messages in 17 topics

Thursday, February 12, 2009

misc.consumers.frugal-living - 25 new messages in 17 topics - digest

misc.consumers.frugal-living
http://groups.google.com/group/misc.consumers.frugal-living?hl=en

misc.consumers.frugal-living@googlegroups.com

Today's topics:

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TOPIC: Car Insurance
http://groups.google.com/group/misc.consumers.frugal-living/t/0743cd326690fd99?hl=en
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== 1 of 6 ==
Date: Wed, Feb 11 2009 11:26 pm
From: "Bruce C. Miller"

If someone has enough money in the bank to cover damages in accidents,
is it possible to not pay car insurance? If so, how would I go about
doing so, and proving this fact if I got pulled over?

== 2 of 6 ==
Date: Thurs, Feb 12 2009 12:08 am
From: Dave Garland

Bruce C. Miller wrote:
> If someone has enough money in the bank to cover damages in accidents,
> is it possible to not pay car insurance? If so, how would I go about
> doing so, and proving this fact if I got pulled over?

That would depend on your local laws. You need to consult with
someone in your particular country or state/province.

But offhand, I'd guess that very few people have enough money in the
bank to cover, say, a handful of serious injuries or deaths. Those
who do have that much money probably don't hang out on m.c.f-l

Dave

== 3 of 6 ==
Date: Thurs, Feb 12 2009 1:19 am
From: "h"

"Dave Garland" <dave.garland@wizinfo.com> wrote in message
news:s-idnYxgUKHgRQ7UnZ2dnUVZ_i2WnZ2d@posted.visi...
> Bruce C. Miller wrote:
>> If someone has enough money in the bank to cover damages in accidents,
>> is it possible to not pay car insurance? If so, how would I go about
>> doing so, and proving this fact if I got pulled over?
>

In NY you are required to have insurance. You cannot "self-insure" in NY. I
don't know about other states. It's worth the $500 a year just for peace of
mind, even though I've only had one accident in 35 years of driving and it
wasn't my fault (I was rear-ended while stopped at a red light).

== 4 of 6 ==
Date: Thurs, Feb 12 2009 5:13 am
From: "Dave"

"h" <tmclone@searchmachine.com> wrote in message
news:gn0phh$2uke$1@adenine.netfront.net...
>
> "Dave Garland" <dave.garland@wizinfo.com> wrote in message
> news:s-idnYxgUKHgRQ7UnZ2dnUVZ_i2WnZ2d@posted.visi...
> > Bruce C. Miller wrote:
> >> If someone has enough money in the bank to cover damages in accidents,
> >> is it possible to not pay car insurance? If so, how would I go about
> >> doing so, and proving this fact if I got pulled over?
> >
>
> In NY you are required to have insurance. You cannot "self-insure" in NY.
I
> don't know about other states. It's worth the $500 a year just for peace
of
> mind, even though I've only had one accident in 35 years of driving and it
> wasn't my fault (I was rear-ended while stopped at a red light).
>
>

That may be true in NY, I'm not sure. In some states, you can post bond
instead of buying insurance. Basically, you give the state half a mill to
hold for you incase there is a claim against you. I don't know anybody that
rich. If there WAS somebody that rich, they'd probably buy car insurance
anyway. The reasoning is simple. How much interest would they be losing
out on if they wasted a half mill on bond? Cheaper in the long run just to
buy insurance, considering all the interest you'd lose on the bond
oney. -Dave

== 5 of 6 ==
Date: Thurs, Feb 12 2009 6:42 am
From: James

On Feb 12, 8:13 am, "Dave" <now...@noway2.not> wrote:
> "h" <tmcl...@searchmachine.com> wrote in message
>
> news:gn0phh$2uke$1@adenine.netfront.net...
>
>
>
>
>
>
>
> > "Dave Garland" <dave.garl...@wizinfo.com> wrote in message
> >news:s-idnYxgUKHgRQ7UnZ2dnUVZ_i2WnZ2d@posted.visi...
> > > Bruce C. Miller wrote:
> > >> If someone has enough money in the bank to cover damages in accidents,
> > >> is it possible to not pay car insurance? If so, how would I go about
> > >> doing so, and proving this fact if I got pulled over?
>
> > In NY you are required to have insurance. You cannot "self-insure" in NY.
> I
> > don't know about other states. It's worth the $500 a year just for peace
> of
> > mind, even though I've only had one accident in 35 years of driving and it
> > wasn't my fault (I was rear-ended while stopped at a red light).
>
> That may be true in NY, I'm not sure. In some states, you can post bond
> instead of buying insurance. Basically, you give the state half a mill to
> hold for you incase there is a claim against you. I don't know anybody that
> rich. If there WAS somebody that rich, they'd probably buy car insurance
> anyway. The reasoning is simple. How much interest would they be losing
> out on if they wasted a half mill on bond? Cheaper in the long run just to
> buy insurance, considering all the interest you'd lose on the bond
> oney. -Dave- Hide quoted text -

In Ontario and as far I know the other provinces, you must carry a
minimum amount ($500,000) of liability insurance. You can of course
not insure your car against collision theft etc., and when I had cars
worth less than $5000 I did just that.

James

== 6 of 6 ==
Date: Thurs, Feb 12 2009 6:59 am
From: "JR Weiss"

"Bruce C. Miller" <bm3719@gmail.com> wrote...
> If someone has enough money in the bank to cover damages in accidents,
> is it possible to not pay car insurance? If so, how would I go about
> doing so, and proving this fact if I got pulled over?

Some states have the option of posting a bond in lieu of insurance. Check
with your state DMV.

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TOPIC: How low will you go to save a buck?
http://groups.google.com/group/misc.consumers.frugal-living/t/2789381fe4a363c6?hl=en
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== 1 of 1 ==
Date: Thurs, Feb 12 2009 12:16 am
From: tmclone@searchmachine.com

On Feb 9, 9:18 pm, James <j0069b...@hotmail.com> wrote:
> I'm now used to heating the house to 58F during the day and turning
> the heat off at bed time. During the cold of the past month some
> mornings it when lower than 50F. I might still get a huge bill
> because I locked in my gas cost at the summer highs. Who knew spot
> prices would be so low.

I keep the upstairs turned down all the way (about 45-50) at all
times. I set the downstairs to 55F during the day and turn it all the
way down at 9pm. I work at home, so I wear many layers to keep warm.
My nose and my fingers are the only parts that are always cold.

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TOPIC: Omega Aquarella Watch, Best Wristwatch
http://groups.google.com/group/misc.consumers.frugal-living/t/7a1081d8f8fff125?hl=en
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