kurt monrow

insure two cars. They are old - one 10 years, the other 14 years. I am a cheapskate when it comes to cars. My guess is in aggregate their market value is $5000-$6000. The insurance premium I have been paying each year for both is around $750 per car and there is an excess on claims of $650 on each. I pay $750 annually to insure a car whose replacement value net of excess I would have to pay of about $2100 plus, to be fair, I get comprehensive cover if I damage another car.