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Started By
Message
What type of car insurance coverage do you carry?
Posted on 6/13/12 at 9:27 am
Posted on 6/13/12 at 9:27 am
I currently have 25/50/25 $500 deductible
$0 glass deductible
$30 day rental reimbursement
25/50 uninsured motorist
Both of my vehicles are worth less than 15k.
Is this too much insurance, or should I carry this for repairs to vehicles I damage if I'm liable.
A friend of mine had 100k car insurance and I told him he is lawsuit bait.
$0 glass deductible
$30 day rental reimbursement
25/50 uninsured motorist
Both of my vehicles are worth less than 15k.
Is this too much insurance, or should I carry this for repairs to vehicles I damage if I'm liable.
A friend of mine had 100k car insurance and I told him he is lawsuit bait.
3
Posted on 6/13/12 at 9:31 am to flip82lsu
quote:
Is this too much insurance, or should I carry this for repairs to vehicles I damage if I'm liable.
A friend of mine had 100k car insurance and I told him he is lawsuit bait.
A) You can get sued no matter what your limits are.
B) Are you seriously asking if you are carrying too much insurance at 25/50/25 limits? Personally, i'd never carry less than 100/300/100. It'll probably cost you $8 a month to double your limits.
Posted on 6/13/12 at 9:33 am to flip82lsu
The value of your car has no bearing on what limits you should carry.
Your liability and UM limits have nothing to do with your vehicle's value.
Bump them up. 100CSL or higher if you have any assets or expect to have any in the future.
Your liability and UM limits have nothing to do with your vehicle's value.
Bump them up. 100CSL or higher if you have any assets or expect to have any in the future.
Posted on 6/13/12 at 9:35 am to Slickback
quote:
The value of your car has no bearing on what limits you should carry.
Your liability and UM limits have nothing to do with your vehicle's value.
Bump them up. 100CSL or higher if you have any assets or expect to have any in the future.
Do people really not understand how worthless 25k bodily injury per person and 25k property damage limits are...
Posted on 6/13/12 at 9:39 am to Chad504boy
quote:
Do people really not understand how worthless 25k bodily injury per person and 25k property damage limits are...
Easy answer, no.
A broken leg and nose to the other driver and a couple ambulance rides will eat that up quick.
I'd like to see some stats on what %age of vehicles on the road are worth less than $25k.
Posted on 6/13/12 at 9:42 am to Slickback
if you want to shed dollars, i'd suggest keeping your UM at 15/30 and raise your other liability limits to offset costs a little bit. Maybe increase collision deductible to 1,000 see what that saves. That extra $500 shouldn't kill you but having your arse handed to you in a judgement will.
Posted on 6/13/12 at 10:10 am to Chad504boy
No not trying to save money, just honestly did t know what most carry.
I assumed that if I carried 100k, some shithead lawyer would just go for the cash.
I have been on the recieving end of 30k In medical bills from a wreck when I broke my pelvis. The person who turned in front of me had 10k liability only.
I don't have much assets aside from a retirement account with 25k. I'll look into raising my coverage.
I assumed that if I carried 100k, some shithead lawyer would just go for the cash.
I have been on the recieving end of 30k In medical bills from a wreck when I broke my pelvis. The person who turned in front of me had 10k liability only.
I don't have much assets aside from a retirement account with 25k. I'll look into raising my coverage.
This post was edited on 6/13/12 at 10:11 am
Posted on 6/13/12 at 10:12 am to flip82lsu
quote:
some shithead lawyer would just go for the cash
which is why you carry the insurance, not why not to carry the insurance.
Posted on 6/13/12 at 10:25 am to Chad504boy
Changed to 100/300/100
Um to 100/300
Raised deductible to $1,000
Policy increase $90 every 6 months. Not too bad. Thanks
Um to 100/300
Raised deductible to $1,000
Policy increase $90 every 6 months. Not too bad. Thanks
Posted on 6/13/12 at 10:28 am to flip82lsu
And if you would have kept same UM limits, you prolly would have barely had an increase if at all.
Raising liability limits don't affect the premiums as much as people may think sometimes.
Raising liability limits don't affect the premiums as much as people may think sometimes.
Posted on 6/13/12 at 10:46 am to Chad504boy
I keep a $100 deductible, with 100/300/100, UM & I pay about $110/month.
Posted on 6/13/12 at 10:49 am to flip82lsu
Very rarely do people take advise and then actually follow through.
I can't tell you how many customers I have with nice houses, businesses, high-paying occupations, etc, that still carry 15/30 or 25/50.
I can't tell you how many customers I have with nice houses, businesses, high-paying occupations, etc, that still carry 15/30 or 25/50.
Posted on 6/13/12 at 10:49 am to flip82lsu
quote:
Changed to 100/300/100
Um to 100/300
Raised deductible to $1,000
Policy increase $90 every 6 months. Not too bad. Thanks
I'll mark this down as a MT success.
Additionally, it's probably the first ever MT success flown solo by Chad.
ChadPosted on 6/13/12 at 11:05 am to Slickback
quote:
that still carry 15/30 or 25/50.
but they got the full coverage slick.
Posted on 6/13/12 at 11:12 am to Chad504boy
quote:
Personally, i'd never carry less than 100/300/100
Plus a $1m Umbrella.
Posted on 6/13/12 at 11:19 am to mule74
quote:
Plus a $1m Umbrella.
you'd need to carry 250/500 then generally speaking.
Posted on 6/13/12 at 11:22 am to Chad504boy
quote:
you'd need to carry 250/500 then generally speaking
Didn't know that. I do happen have $250/$500.
Posted on 6/13/12 at 11:26 am to mule74
$250/500 with an umbrella (not included in monthly car note) cost me $119 month on a 2 month old car...
Posted on 6/13/12 at 12:03 pm to wickowick
quote:
$250/500 with an umbrella (not included in monthly car note) cost me $119 month on a 2 month old car...
Are you saying this is expensive?
Posted on 6/13/12 at 12:15 pm to flip82lsu
I carry 100/300/100
$0 glass ded
$1,000 ded
No UM frick YOU CHAD
$0 glass ded
$1,000 ded
No UM frick YOU CHAD
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