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re: OT Car Insurance experts - ? for you
Posted on 6/17/15 at 3:39 pm to jbgleason
Posted on 6/17/15 at 3:39 pm to jbgleason
quote:
Will not claiming repairs on his car help when it comes time to renew his insurance?
Well, I am assuming he had collision coverage, so if he does not file a claim against the insurance for an "at fault" accident, it may help (especially since if it is that much of a POS, even moderate damage may result in the car being totaled).
However, his real problem is going to be from the liability claim.
0
Posted on 6/17/15 at 6:13 pm to Mung
quote:
has $15K PD limits
Where do you live?
Posted on 6/17/15 at 6:30 pm to jbgleason
why is he carrying collision coverage on a POS car??
Posted on 6/17/15 at 7:00 pm to jbgleason
When she turns 18 tell your friend to buy her a policy in her name so his assets aren't subject to insurance claims by any other party.
Posted on 6/17/15 at 7:05 pm to X123F45
quote:
It doesn't take as long to disappear as people say. The rate hit won't be more than 30 or 40 bucks a month most likely.
Yeah but we are talking about a policy with a teenager on it. Wouldn't the increase be pretty big considering teens are already pricey and his teen already just proved she sucks at driving and is a higher liability to the insurance company now?
Posted on 6/17/15 at 7:31 pm to TSLG
Obviously not Louisiana
Posted on 6/17/15 at 7:42 pm to jbgleason
Don't carry insurance. Problem solved.
Get sued? Don't show up to court. Problem solved.
Get sued? Don't show up to court. Problem solved.
Posted on 6/17/15 at 8:34 pm to X123F45
quote:
Five years ago my wife's insurance was over 600$ per month on a sub 20k car.
600 a month? That's impossible
Posted on 6/18/15 at 10:18 am to Civildawg
Not when you rear end three vehicles in a tank totaling two of them. Then get put into a new car and total that one by running into the rear of someone.
And then get ANOTHER new car.
Fonally solved the puzzle, and her phone has to be put in her glove compartment while driving.
And then get ANOTHER new car.
Fonally solved the puzzle, and her phone has to be put in her glove compartment while driving.
Posted on 6/18/15 at 10:29 am to Civildawg
quote:
600 a month? That's impossible
No it really isn't
Posted on 6/18/15 at 10:30 am to jbgleason
quote:
His car is a beater that he can probably patch up on his own. Will not claiming repairs on his car help when it comes time to renew his insurance? He expects a rate bump but wants to minimize it obviously.
absolutely,
not.
Posted on 6/18/15 at 10:46 am to Chad504boy
My kid is 3 months away from getting his license.
I'd make my 16 year old drive the beater without repairing the damage. Just to remind him how stupid he was to have caused an accident. If he wants to drive an undamaged car, he can save up the $ from his job and pay for it himself. Too embarrassed? Oh fricking well...
My kid already knows that he is responsible to pay for his insurance, If we get a bump in premiums bc he had an claim against him, he will cover it or he wont drive.
Harsh? Probably but it was the tactic my parents used when I was a teen driver.
I'd make my 16 year old drive the beater without repairing the damage. Just to remind him how stupid he was to have caused an accident. If he wants to drive an undamaged car, he can save up the $ from his job and pay for it himself. Too embarrassed? Oh fricking well...
My kid already knows that he is responsible to pay for his insurance, If we get a bump in premiums bc he had an claim against him, he will cover it or he wont drive.
Harsh? Probably but it was the tactic my parents used when I was a teen driver.
Posted on 6/18/15 at 10:51 am to Tigeralum2008
quote:
I'd make my 16 year old drive the beater without repairing the damage. Just to remind him how stupid he was to have caused an accident. If he wants to drive an undamaged car, he can save up the $ from his job and pay for it himself. Too embarrassed? Oh fricking well...
That's dumb. you paying for insurance and have to report the claim regardless, might as well get your monies out of your policy because you going to be getting arse raped soon enough.
Posted on 6/18/15 at 11:04 am to Chad504boy
yes, but the broader lesson is to teach my child the consequences of his actions and taking responsibility for mistakes.
If it ever happens, I will then give more thought into whether it is wise to process the claim but my first reaction would be to let him struggle a little bit.
If it ever happens, I will then give more thought into whether it is wise to process the claim but my first reaction would be to let him struggle a little bit.
Posted on 6/18/15 at 11:06 am to Tigeralum2008
quote:
yes, but the broader lesson is to teach my child the consequences of his actions and taking responsibility for mistakes.
If it ever happens, I will then give more thought into whether it is wise to process the claim but my first reaction would be to let him struggle a little bit.
there would be enough struggle to pay deductible and increased insurance cost. mistakes can happen to novice drivers dude, don't have to be super hard dad. circumstances can vary.
Posted on 6/18/15 at 11:15 am to Mung
quote:
eg. Lexus totalled, he has $15K PD limits: he is personally liable for the rest.
At least he can sue his own agent for selling him PD limits below the minimum of $25,000
Posted on 6/18/15 at 11:43 am to Charlie Arglist
quote:
he has $15K PD limits:
Yeah this is the most confusing part.. State min for La is 25 PD .. Maybe he's confusing it with BI in which state min is 15
Posted on 6/18/15 at 11:44 am to Phil A Sheo
dad's a bigger moron than son if he's letting kid drive around with 15/30/25 limits.
Posted on 6/18/15 at 11:47 am to Chad504boy
quote:
dad's a bigger moron than son if he's letting kid drive around with 15/30/25 limits.
Depending on Dads actual assets it's not a huge deal. Can't sue someone for something they ain't got.
Making it super important to carry UM on every vehicle one owns
Posted on 6/18/15 at 12:47 pm to Chad504boy
I have always carried 250/500/250 with a million dollar umbrella
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