Pardon the rambling.

I admit I never really cared about car insurance before. Whenever my mother-in-law worries about how she forgot to pay her car insurance, I wanted to tell her that nothing’s going to happen to her car anyway. I guess part of my aversion to it is because of the staggering price. Imagine paying $600 a year just for car insurance? I know it’s small money to some but that’s too much for us especially if you add it to our annual credit card fees, life insurance, educational plan and pension. In fact, I’m starting to think that we’d be more useful if we’re dead.

Anyway, I changed my mind last month when an explosion happened on the road while my mother-in-law as driving. Although she didn’t hurt herself and damage her car, the four cars in front of her weren’t that lucky. Luckily, the passengers were able to get out of their vehicles just in time. This made me wonder how far the insurance companies will cover the loss. Out of curiosity, I started reading about several types of car insurance to know more about comprehensive, third party, and third party fire / theft coverage. A couple of articles and pages after, I’ve decided to reverse my stand against getting one.

Having said that, I still can’t get over the fact that aside from our car mortgage, we’ll have to save up as well for the insurance annually. Just last week, an agent gave us a quote of $550/year and all I can do was nod my head while at the back of my mind, I’m thinking of doing a thorough research and personal survey before I give in.