2017-01-09, 04:26 PM
Do you buy supplemental insurance theough a third part? Quite popular over here as it's way way cheaper
2017-01-10, 03:57 AM
I phoned a couple places in the US and got quotes for supplementary third party liability insurance, e.g. through Geico. Because I don't own a car of my own, this turned out to be quite expensive -- it worked out to about the same cost as buying the liability insurance through the car rental agencies.
I use my credit card's insurance for collision/damage insurance, and then buy 3rd party liability insurance through the car rental agency. When renting in Canada I usually skip the liability insurance as Canadians aren't as aggressive with the lawsuits.
When renting in the US, always get the liability insurance for 1M (or make sure you carry insurance that covers you on rental cars). The US is full of personal injury lawyers... you seem them on Fox TV commercials.
2017-01-11, 01:55 PM
J4B, just out of curiosity, sense your now in the US, i imagine that you are using a US based credit card as your primary? or do you still use your CAD ones?
2017-01-20, 08:36 PM
I use a US based credit card for all my US spending. However since I also have a home in Canada and spend in CAD, I still have CAD credit cards. Big purchases like airfares generally are with my CAD credit cards.
2017-01-20, 08:42 PM
An update on costs. The landlord is increasing my rent between 6% and 21% this year. The smallest increase, 6%, is if I sign a 13 month lease -- which I don't think I can do. Whether I stay in my current apartment or move, I think my increase might be in the ballpark of 10%.
I am going to start searching for new apartments tomorrow, to get a better feel of my options.
This has really put me in a bad mood. Between the riots happening down the street from me (tear gas & rubber bullets), and facing a 10% hike in my housing costs, it's been one hell of a Friday.
Last edited by james4beach; Yesterday at 01:39 AM.
2017-01-20, 11:31 PM
I can give you yet another reason to prefer living in Canada. Renters rights are very weak in (many) US states, including the one I'm in. The landlord has presented me with some ugly options and an ultimatum to either sign another long term contract, or I will be evicted. A fun Friday surprise.
I got some useful data from my coworker. He's about my age, also single, and extremely frugal. He lives on about 18K a year. Looking at his data I could identify where our biggest differences are, and it comes down to these:
I spend 14K a year more on housing than he does.
I spend 6K a year more on travel/flights/vacations.
This is very informative and aligns very well with my past analysis against my own history, in this post and this post.
This makes it absolutely conclusive that the two factors that elevate my cost of living are high rent and travel spending. My coworker has a special living situation where he benefits from a family-owned property; not something I can replicate. I'm also unwilling to sacrifice having an apartment to myself, as opposed to sharing rooms/bathrooms/etc. In this city, I probably don't have much room to cut my horrendously high housing costs.