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Smart Shopper Questions About Auto Insurance & Accidents
3922 messages, Last post on May 17, 2008 at 2:33 PM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: rakesh219 (Apr 14, 2008 9:11 pm)  
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Okay i just found out that my rate increased  . I am curious now if like down three to four years i buy a new or second hand car and change my insurance will i be able to get a lower rate....??? Because since the police did not give me a ticket it did not lower my points or something; not sure how the system works.
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Replying to: rakesh219 (Apr 15, 2008 7:34 pm) tidester, host SUVs and Smart Shopper |
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Replying to: rakesh219 (Apr 15, 2008 7:34 pm) |
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Replying to: rakesh219 (Apr 15, 2008 7:34 pm) Years ago I had a small, one car accident and filed a claim for about $600 with my own company. To my surprise, they raised my rates $300 for 3 years (that's $900). I dumped that company and went with one that "forgave" my one small claim and charged me half of what I was paying before. You might want to shop around if you feel you are not getting the best service.
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I really haven't taken a close look at my car insurance policy in maybe a decade. I probably need to set up a meeting with my agent to review my coverage. But, what do guys have on your liability coverage? I have 50,000/100,000 in bodily injury and 50,000 in property damage. Is this enough? A higher premium to increase coverage wouldn't bother me... if needed.
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All of my vehicles have 100/300 coverage on them. I'm sure that some of the experts will tell you to up your coverage and to look at acquiring an 'umbrella' policy as well. |
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Replying to: jipster (Apr 17, 2008 5:28 am) That's the $64000 question isn't it? I carry 300/500 on all my vehicles. cost about $100 a year more than legal minimum. The way I see it, you need enough coverage so that the insurance company will provide you with a lawyer but not so much that you become an attractive target for bogus lawsuits. It also depends on what other assets you have to protect. If you have a fine country estate like me, you go higher. If you use your beater car to tow your house trailer from slum to slum you go lower.
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Replying to: jipster (Apr 17, 2008 5:28 am) Basic policy limits should be high enough to enable and qualify you to have a 2 million dollar Umbrella when you are above the norm in status. |
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Replying to: jipster (Apr 17, 2008 5:28 am) |
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