April 08, 2005

Car Insurance

    Recently my dad called and told me that I could no longer be on his car insurance since I was too high of a risk and therefore cost too much.  Apparently I am a risk taker.  I have had two speeding tickets wtihin the last three years.  When I got them I thought the the only cost to me would be points on my license and a fine.  However, I did not look at the big picture and the total oppurtunity cost of speeding as opposed to going the speed limit.  I did not properly weigh the benefits and consequences of  speeding therefor I was an irrational criminal.  Not only that but now I am going to have to pay a lot of money for my own insurance now just to drive.  Now I will have to get just liability insurance and hope I don't hurt my car.  This now affects my whole lifestyle, since I have an extra bill to pay I won't get enough  utility out of my money.  The total cost of speeding was a lot more than I anticipated.

By Corey Pichler
Posted by Pickler18 at 16:59:44 | Permanent Link | Comments (2) |
Comments
1 - I am fortuante enough never to get a speeding ticket, but I know I would not have enough money to pay for my own car insurance. When you really look at the whole picture, you begin to see how much more the opportunity cost is for speeding and realize you are better off to just obey the law and follow the speed limits.

Chris Morrell (Comment this)

Written by: Chris Morrell at 2005/04/11 - 04:07:19
2 - Getting caught sucks. It doesn‘t register to you the opportunity cost of speeding when you‘re doing it. Once you get pulled over for it though you remember how much money you had to pay the first time. Good luck with the car insurance. (Comment this)

Written by: Matt Cross at 2005/04/11 - 04:40:13
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