insurance cost?

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Apr 19, 2011 | 07:58 PM

#21

androulakis

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Joined: Dec 2006

Posts: 2,964

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From: Hamilton, NJ

Quote:

Originally Posted by jag79

Good deal, I remember when my dad was wheeling and dealing, he'd buy it from the auction, drive it for awhile then put it back on the lot to get rid of it. Plus the insurance is like only $600 for the whole year I believe for the dealer plate insurance.

Not in NJ Buddy...

Dealer plates come in sets of 5 here. You have to have a minimum of 5 plates, you can order as many as you want (in multiples of 5). You must maintain at least 100/300/50 insurance, on all plates. The insurance for the set of 5 is ~ 8800 a year in our case. Granted, this allows 5 cars to be on the road with ANY licensed driver behind the wheel (although personal use is limited to officers of the corporation, or members of the LLC, and employees).

Take care,

George

Apr 20, 2011 | 06:48 AM

#22

The Chris X

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Joined: Oct 2008

Posts: 2,475

Likes: 129

From: Pittsburgh, PA

[QUOTE=SchultzLD;339026]

Quote:

Originally Posted by The Chris X

I have perfect credit and a clean record, 4 cars with a multi-policy discount through Liberty Mutual and I pay about $1100 a year just for the STR for full coverage, $50 deductable...quote]

Yikes! I'd do some calling around. I think they are...not using any lube...

Believe me I have called and received other quotes. Did get a few that were a little cheaper, but not enough for me to switch to what I consider a lesser policy. I don't want to save $50 a year but get less responsive service.