Punny Poll #11: Cost of Car vs. Homeowners/Renters Insurance
Author: Nick
Category: Money
Topics: poll, real estate, transportation
The results were mixed in last week’s Punny Poll which asked you about any financial crises you may have faced in your lifetime. More than a third said they had been through one or two minor money crises, but roughly the same numbers claimed each of major, several, or no big fiscal fixes during their lives.
While obtaining quotes on homeowners insurance for our new home today, it occurred to me that it will cost us less to insure our multi-hundred-thousand-dollar home than it does to insure our $17,000 automobile. I guess I can see why–you’re probably going to have more automotive than homeowner claims, and you’re far more likely to crash into someone with your car than with your house. As it turns out, our car will cost a bit more than twice as much to insure as our house.
This week’s poll seeks to determine how your yearly car insurance premium compares to the cost of your homeowners or renters insurance.
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10 Responses »
1.
Obbop
October 12th, 2007 at 11:37 pm
120 American dollars (depreciating in value every day) for renter’s insurance (once yearly) and over $500 yearly for full coverage insurance on a 2004 Chevy pick-up (many discounts for age, good driving, cheap to repair vehicle etc.)
Corporations are evil.
2.
Lower Set Gasket
June 28th, 2010 at 8:47 pm
My current car, which I bought three months ago, cost almost exactly 13 weeks of my income, and the only reason it made sense to go that high was 0% financing.
3.
Homeowners Insurance Plus
September 28th, 2010 at 10:56 am
It’s a great idea to shop around like that for Homeowners Insurance. You’d be surprised at the savings you can find. Cheaper Home Insurance is getting easier to find.
4.
Texas Personal Insurance
October 7th, 2010 at 12:47 pm
In everyday life we deal with tradeoffs. “Should I buy this car now or later” or “should I buy a new phone or keep this old used one”. Sometimes we believe that the decisions we make will benefit us more than the alternative, but that might not always be the case. So in these types of situations we must ask ourselves “with everything accounted for is it worth it”. Is it worth paying $400 extra a year to pay for insurance on that sports car, or would it make more sense to get that 4-door sedan?
5.
jocu-RI cu Masini
September 3rd, 2011 at 8:39 am
You are the funniest man alive dude, I realy like you
6.
jocu-RI cu Masini
December 1st, 2011 at 6:09 am
Impressive you managed to turn something about money into something funny
7.
Property Marbella
December 6th, 2011 at 5:06 am
I guess I can see why–you’re probably going to have more automotive than homeowner claims,
8.
معهد
January 1st, 2012 at 9:20 pm
Just like when you’re out applying for a new credit card or a car loan, your application for a home mortgage loan will appear on your credit reports.
أندرويد
9.
jocu-RI cu Masini
January 3rd, 2012 at 9:57 am
Great article as usual, I know that this is a problem for everybody but I still can’t stop laughing
10.
Property Marbella
January 11th, 2012 at 4:58 am
I guess I can see why–you’re probably going to have more automotive than homeowner claims, and you’re far more likely to crash into someone with your car than with your house.
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