Hi,

I own a 12 year old car and I can't help feeling like I am being ripped off with high car insurance premiums. Wondering what I mean?

Here are the facts:

Car is 12 years old. The new purchase price way 35,000 Swiss francs. The car's resale value is now 7,000 francs in the best case.

These are the insurance premiums I pay:

Liability insurance: 420 francs
Semi-comprehensive insurance: 330 francs
Collision insurance: 460 francs
Total: 1,210 francs per year

My deductible for semi-comprehensive and collision insurance is 1,000 francs

Am I paying too much?