Friday, January 25

If you thought your insurance bill was high...

According to this article in the National Post, a newspaper from the Toronto area, the mother of a teenager in Edmonton had a little bit of a shock waiting for her in her mailbox. It seems her son has a bad driving record. The mother knew that her son's insurance was going to go up, because "he has a tendency to speed." The 19-year-old has received 10 speeding tickets, and has been involved in two "minor" fender benders, in addition to a rear-ender that totaled his car. But when she opened the insurance bill, the premium was $104,566.63. To put that another way, she figured that her son would have to work full time, making $55 per hour, in order to afford the insurance premium.

That will put your insurance bill in an entirely different perspective.

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