Thursday, August 17, 2006

Punny Poll #11: Cost of Car vs. Homeowners/Renters Insurance

Author: Nick
Category: Money
Topics: , ,

why must cars cost more to insure than houses

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.

My primary car's insurance costs _____ my primary home/renters insurance.

View Results

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