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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (Nov. 5, 1981)
P o rtlan d O b server, N o v e m b e r 5 ,1 9 8 1 P ag e 11 paying fo r anything m ore than m inor repairs is a lot m ore than most o f us could affo rd .” Increasingly expensive conse quences o f an automobile accident make insurance increasingly expen sive. “ For the prudent consumer,” Belcher commented, “ the questions are how to buy needed coverage at an affordable price, how to get the most value for the premium dollar and how to take advantage o f op tions— many o f them are unknown o r m isunderstood by the average consumer— that fit your particular C H IV N O ttrS C O N V tn t IROM I M to t « n - has pioneeted U S sport» car stvtmg and anginearmg And toi 1182. Ihara» additionai mielesi toi Corvetta lo«ow»rs m a new CoMacloi Edition laaturing the ltr»l hatchback m Corvetta rustot» Tha Cottoctor Edition rs m tha center oi tha Photo Upeat lah .» tha First Corvetta a 1»U «mh I » horsapotarer and Blut Hame Ira cyUnder angina Upea' "gw '• ' * > toaturmg tha hiot "Sting Ray' «.iti sptit reet wmdow and lastback stytmg and at the tower lah is tha l*ST modal. classrc tot iti ctotn lm«» tnd i tovonto o* tot cotttctori At right n tha popular ISM modal Chavrolat if commamorating tha last ot tha currant ityla m 188T with tha Cottoctor Edrtwn Hatchback, available tha entire modal year Tha ".ollector Idrtron hat hatchback itylmg ■paciai paint and decal touche» plui a number ot u*o r taatura» 11« powered try a 5 1 War. angina with naw 'Croaa Fire Injection" ICFII featuring twin throttta bod«» that are com purer controlled and a naw automatic lour spaed transmission with overdrive Auto Insurance: Deductibles Remember the story about the man who fell o ff the Em pire State Building? As he flashed past the twenty-second floor, he caught the eye o f a h o rrifie d o n lo o ker, shrugged and called out, “ So far, so good!” As T o m Belcher, a d irecto r o f personal insurance at Aetna Life & Casualty, sees it, that attitude isn’t so far d iffe re n t fro m the view adopted by an increasing number o f drivers who go without automobile insurance (sometimes in violation o f state law). " In the 1980s. the risk o f enormous liability obligations sim ply can’t be ignored,” Belcher said. “ A n d even replacing a vehicle or WE SPECIALIZE IN THE COMPLETE REPAIR OF VOLKSWAGEN & AUDI TUNE-UPS A D E O TESTING ENGINE * TRANSMISSION REBUILDING BRAKES A SHOCKS WHEEL ALIGNMENT A BALANCING - MICHEUN TIRES - WE ALSO WORK O N ..... DATSUN - TOYOTA - VOLVO O P E N 7 - 6 M O N - FR I 2 8 4 -4 6 9 0 SAME LOCATION SINCE 1960 JACKSON'S AUTOMOTIVE 2105 N. Killingsworth 285-7338 CURT PIEREN GLENN OLSEN Complete Automotive Repair FOREIGN & DOMESTIC TUNE-UP SPECIALS circumstances.” One o f the most com m on ways for informed consumers to hold the line on auto insurance bills is to raise their deductibles— that is, the cost o f comprehensive or collision damage that the policy-holder pays, i f an accident occurs, before insur ance takes over. D eductibles make it possible fo r insurance companies to avoid processing smaller claims, so the higher the de ductibles chosen, the lower the pre mium will be. In the past, the most popular de ductible for collision coverage has been $100 w ith no deductible for comprehensive coverage (protecting against th e ft, storm damage, vandalism and other non-collision perils that result in damage to the car). Although there is a trend toward higher deductibles, the pattern has not kept pace with either inflation or increases in average fam ily in come. In 1967 for example, the av erage value o f a new, U .S .-m a n u factured car was $ 3,3 10 — and the standard $100 deductible was about 3 per cent o f that. By 1980, the aver age price of a new U.S.-built car was $7,880— and a $100 deductible was 1.3 per cent o f that value. ‘ ‘ Probably the important thing to remember,” Belcher suggested, "is that for collision coverage, choosing a $200 deductible instead o f a $100 deductible would mean a savings for the average consumer o f about 14 per cent o f the collision premium. A $500 deductible instead o f $100 would result in a 45 per cent reduc tio n in the prem ium for collision coverage.” As for comprehensive coverage, a $50 deductible rather than full cov erage will save about 20 per cent on comprehensive premiums. Choosing a $100 deductible w ill result in an average savings o f about 30 per cent. Considering higher deductibles is especially ap p ro p ria te i f you are among those policyholders who pay the cost o f repairs themselves in a minor accident. “ Countrywide, re search has shown that about 27 per cent o f licensed drivers say that they or someone w ith whom they have had an accident decided not to file a small claim. These persons should definitely have high deductibles and the lower premiums that go w ith them,” Belcher suggested. Premium saving notwithstanding, Belcher warned, one’s willingness to choose a higher deductible should also be based on the consumer's es tim ate o f the likelihood that he or she will have an accident. When an accident occurs, the policyholder will absorb the cost o f the deducti ble out-of-pocket. At Aetna, the nation's fifth larg est automobile insurer, statistics in dicate that about 50 per cent o f au tomobile policyholders will be acci- dent-free after eight year*. For some individuals, o f course, the odds are less fav o rab le and fo r others, th e y 're m ore fav o rab le than the Belcher tuggeited. “ The potential savings and the importance o f get- tin s adequate pro tectio n m ake it weu worthwhile to talk with an inde overall average. “ To realistically balance the alteT- natives, consumers should take the tim e to ta lk w ith an e x p e rt,“ pendent in iu ran ee agent who can answer questions and provide iafor- mation that you need to make intel- digent decisions.” Bus ready for race fans Northwest racing fans can leave the driving to someone else during the upcoming P o rtlan d Meadows season, as both T ri-M e t and Grey- hound w ill o ffe r bus service to the track, which opens its 1981-82 cam- paign Friday, October 30. On Fridays T r i-M e t w ill begin leaving dow n to w n P o rtla n d (6th Ave. & M ain St.) at 6 p.m. and con- tinue every 20 m inutes u n til 8:40 p.m . Buses will pick up passengers at the Fish shelters on 6th Ave. Saturday T ri-M et service will start FORD 1313 N.E. 122nd Ava. I f y o u ’ve been w aiting f o r the rig h t tim e to buy a new o r used car o r tru ck— T h is is y o u r c h a n c e ! Please call “ Pepper” on the Hotline at 255-1771 You have a friend in the businessl N.E. 122nd & Halsey Bill Lucy's Low Cost Auto Insurance L o w est Possible R ates For All D riv e rs . If w e c a n 't b e a t y o u r presen t rates w e w o n 't w rite yo u . SR 22 filing S m all d o w n p aym en ts Easy m o n th ly term s Y o u n g drivers accep ted 34 3 6 N .E . U n io n A v e . 284-090 1 o r 2 « Monday-Saturday 10:00 am-800 pm WE'RE HERETO HELP YOU! Scott's Auto Sales 4 Cylinder 6 Cylinder 8 Cylinder and continue every 20 minutes until 2:15 a.m . On Sundays, buses will leave 6th and M a in at 12:02 p .m . and con- tinue to run from that location every half-hour until 2:02 a.m. T r i-M e t buses leaving the track w ill depart 12 m inutes a fte r each race, starting with the fourth race. The one-way fare is said to be $1.20. W ith m onthly passes, the fare may be reduced to as little as 30 cents, Special fares for Senior citizens do not apply. W e carry our ow n contracts Quality Cars At Low Prices Includes plugs, points, condenser and labor 1970 Olds 96 sedan <QQ Full power, sharp Y U J 1976 Pontiac Lam an* set dwell and timing; 4 dr, V 8 «uto, power steering adjust carburetor; check battery and alternator; WENDELL BROWN ALAN MOLDEN 1969 Ford LTD Sales Representative Sales Representative 2 dr hardtop, full power w /atr check engine with Marquette Analyzer. 1975 Chav Im pala w g n Fully equipped only Lube, Oil & Filter...................................... $1! Includes 5 quarts oil + filter (most c a r s * pickups) • Front End Alignment............................... $1< Expert consultation on your transportation needs on both new and used cars. 1978 C aprlca 4 dr aadan Powet everything 1968 M o n te g o 2dr hd tp Small V8 auto power steering Includes complete front end inspection, set camber, caster and toe-in Ddan Collectors item OFFER EXPIRES: FEB. 1982 ALL WORK FULLY GUARAN I LED MEMBER BETTER BUSINESS BUREAU 6707 N.E. Sandy 2 8 8 3997 CHEVROLET-HONDA CO 122 N.E. 122nd Ave. THE ONLY DFAIFR
