Fast Cars

When the car insurance premiums go up, fast car drivers may have to re-evaluate their financial options.

Moodwise, I had an absolutely terrible day. I found out this morning that my car insurance premium had doubled (after it was cancelled for a week), so I had to drop over half my coverage just to make a payment so I’d be relatively current. The credit union requires FULL coverage, though, so they’re going to call in my loan. This means, basically, that I either A. need to come up with enough to pay off the car in full, or B. come up with a way to make Geico reduce my premium back to what it was, or C. switch carriers (Brian’s suggestion). Otherwise, I’ll be paying nearly $800 a month for my car. While I’m on disability, I won’t even be getting that much. I need to cover things like meds, copays, etc. until I go back to work, so Madge is going to have to go.

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