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Auto Insurance Weirdness

This article was written by in Insurance. 3 comments.

Here’s something odd. After getting my car last March, I had to pay my entire premium in installments, finally due in December. This year, I have to pay me entire premium due in March. According to their paperwork, this means that in the course of one year, I have to pay two years’ worth of premiums.

This doesn’t make sense and I’m hoping there’s something lost in the translation. I’ll give them a call tomorrow; they have Saturday hours. They better have for the amount they quoted me for my premium.

Yes, I had many points on my license, and I’m required until May to be in the “state pool” for car insurance. Having a car in New Jersey, especailly if you have mistakes in your past, can be prohibitively expensive.

In case you’re wondering, my premium this year is about $3,500.

Updated March 5, 2014 and originally published February 4, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .


avatar Murray

$3500/yr? As a young male, I can empathize with your high insurance premiums (and I hear that NJ has particularly bad rates), but that’s crazy! Was evil bender driving the car when those points were accrued?

avatar Luke Landes

I was the driver at the time. I used to have a sportier (but older) car and dive a total of about 150 miles a day… and I sped, so chances are I’d get stopped. And I did get stopped once in a while, and each time it would result in a ticket. This was many years ago, when I was financially poor and lazy and couldn’t afford to pay the tickets so I would ignore them thinking they’d go away. Of course they didn’t, and I got myself into trouble.

avatar rich

If your in the state pool it makes sense that your premium is that high. I too will be off in April when I’m hoping my insurance will decrease by 50%