Rich People’s Problems: Why has my car insurance gone up so much?
Every year, with varying degrees of financial pain, it’s a hassle to get my cars insured. With insurance premiums on the rise, how can I get a better deal?
Life would be simpler if I had one car. But I don’t. I have six. Arguably, I’ve unnecessarily complicated my life. Some people like having children. I like owning cars. Anyway, who doesn’t need a range of vehicles? You can’t be expected to use the same car to pop to the chippy — that needs a Rolls. As for turning up to the tennis club, that requires a pimped-up Jeep.
A few years ago, I visited the life laundry (my way of sorting out problems by sleeping on them) and decided to clean up my act. I bought a single policy for all my cars. It worked. With the odd check here and there to ensure I wasn’t overpaying, it was easy to manage. My insurance broker — yes, they still exist — did a terrific job. Saving four figures and a lot of time on admin too.
This story originally appeared on: Financial Times - Author:James Max
