I can't help but smile when I see all you guys complain about the rates. You don't know how blessed you are.
I am living in Aruba (an Island of the dutch antilles, of the coast of south america) and I had to pay 50% import duties on my car, including freight charges etc.
That makes the landed cost of my car here US 53,000
The insurance is based on this landed cost value.
My insurance premium here is US 5.500 a year, but I must say, it is what they call "full value" for three years. So if my wife (who drives it) wrecks it during the first three years, I get the full value (53K) returned.
Still, it's a lot of money to pay for insurance.
So again, you guys are so lucky
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