Hi, Bill. Your statement made me curious about whether things had changed
with State Farm, so I went to see my agent today. She confirmed that in
North Carolina, the "Friend to Insurance" state, you either have liability
coverage on your car or you turn in your license plate. And if you don't
turn in your plate within some specified limit (24 or 48 hours, I forget
which) after dropping insurance, the DMV will hit you with a hefty fine.
State Farm does not have a reduced premium coverage in North Carolina like
you do. The good news is that she suggested an alternative: transferring
plates. I can drop the coverage on the Healey for as long as it is out of
action, and transfer the plate to another car (turning in the plates on
that car, of course). The fee is only $10, but it's a whole lot better
than the liability premium. So.....thanks for inspiring me to check it
out.
Steve Byers
Havelock, NC USA
'73 Midget GAN5UD126009G "OO NINE"
'66 BJ8 HBJ8L/36666 "TARHEELY"
'63 BJ7 HBJ7L/20111 "HEALEYUM"
"It is better to remain silent, and be thought a fool
than to speak, and remove all doubt" -- Mark Twain
----------
> From: William M. Schickling <bugeye@dreamscape.com>
> To: byers@cconnect.net
> Subject: Re: Insurance
> Date: Monday, April 13, 1998 9:04 AM
>
> Steve,
>
> Originally You wrote.
>
> >>> >What burns me is that in N.C., in order to keep the personalized
plate
> >on
> >> >the car I have to maintain insurance on it. I haven't driven the
car
> >> >since September due to an engine rebuild, and am not likely to until
> >next
> >> >September. If I drive my cars one day a month, and they stay in the
> >garage
> >> >the other 29 days, I still have to pay the full amount as if it was a
> >daily
> > >driver.
>
> Maybe in NY it's different.
>
> What State farm allows anyone to do is go in and say I am not going to
drive
> my car for x period of time. They will reduce the the cost for that
period
> of time but keep the insurance at a level to allow you to keep the
plates.
>
> I pay the $ 46.00 (that's two cars for six months) just so I don't have
to
> turn in my plates.
> Of course the liability is very low, but there, so the DMV doesn't come
> after me. If I want to drive the car all I have to do is call my State
Farm
> agent and tell them. The car goes back to full coverage that day.
Otherwise
> it would be $ 24.00 to keep comprehensive on the cars to cover theft or
> damage that my home owners would not cover.
>
> Bill
>
> -----Original Message-----
> From: Steve Byers <byers@cconnect.net>
> To: William M. Schickling <bugeye@dreamscape.com>; Lancer7676
> <Lancer7676@aol.com>; spridgets@autox.team.net <spridgets@autox.team.net>
> Date: Sunday, April 12, 1998 21:13
> Subject: Re: Insurance
>
>
> >Hello, Bill. What part of what I said is not true? Sounds like you
put
> >your cars to bed for the winter. I drive mine year round, and it is my
> >primary transportation. So State Farm charges you "only" $46 to insure
a
> >car that is not being driven? Are you talking comprehensive or
liability
> >here? Liability is what I have to maintain in order to keep plates on
my
> >car, and I don't see where the liability risk is to the insurance
company
> >on a car that isn't mobile.
> >
> >Steve Byers
>
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