Last post on Sep 20, 2013 at 8:25 AM
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#5269 of 5338 Re: Not settling [imidazol97]
Apr 03, 2013 (4:36 am)
haha, that's good stuff.
That came out the same day that Redbox sent me an email that they were now selling bologna/ham/swiss cheese in their kiosks. LOL.
I needed that laugh.
#5270 of 5338 Anyone Have Data on
Apr 03, 2013 (7:29 am)
The correlation between "no fault" States and extremely high costs versus States with at-fault policies, that have extremely low costs for insurance?
It doesn't take a rocket scientist to figure out that would happen. If there's little consequence to causing accidents, then people won't care and therefore you have more accidents. Sometimes I think 5% of the drivers are causing 95% of the wrecks; any data on that?
#5272 of 5338 Re: Anyone Have Data on [steve_]
by MrShift@Edmunds HOST
Apr 03, 2013 (8:44 am)
Here in CA, I pretty much plan on keeping comp/collision forever on my car, because my odds of being hit by an uninsured motorists are high in some areas --estimates vary from 10% to 65% uninsured. I read one report that suggests 90% in some parts of some cities, but that sounds insane.
#5273 of 5338 Re: Anyone Have Data on [Mr_Shiftright]
Apr 03, 2013 (9:53 am)
Compare the cost of Collision to the premium for Underinsured Motorist Property Damage Liability. The latter may be a lot less, yet still provide coverage for fixing your car due to an uninsured driver.
#5274 of 5338 Re: Anyone Have Data on [euphonium]
by MrShift@Edmunds HOST
Apr 03, 2013 (10:09 am)
yes I thought of that but the conventional wisdom seems to say "well if you have comp/collision you don't need UMPD". But in CA, comp/coll is quite expensive, so maybe you have a good idea there.
There comes a point at which a car might not worth enough to carry comp/coll. We've had this discussion before as to what that value might be (when to drop comp/coll) but we never reached a consensus.
IIRC, some of us thought around $5000 or less for the car's value.
#5275 of 5338 Re: Anyone Have Data on [Mr_Shiftright]
by kyfdx@Edmunds HOST
Apr 03, 2013 (11:23 am)
Full coverage on an "extra" car with a value of around $4000 is only about $350/yr total for us.... no point in dropping full coverage once its gets that cheap.....
#5276 of 5338 Re: Anyone Have Data on [kyfdx]
Apr 03, 2013 (11:36 am)
Same here. Full coverage on my extra vehicle (a 1994 Jeep Wrangler) is only a few hundred per year and most of that is liability which I'm required to have anyway. The Jeep is worth about $3500. I'd rather pay the premiums and get (or hope to get) the insurance money if the Jeep is totalled, than not pay and just have a crashed Jeep.
#5277 of 5338 Re: Anyone Have Data on [euphonium]
Apr 03, 2013 (2:43 pm)
10 years ago (the last time I checked), that UMPD coverage if you didn't have collision was limited to $3,500. Perfect if your old car is worth about that much.
Of course, if your agent forgets to check the UMPD box and only puts you down for UM-L, then you get shafted by your insurance company.
#5278 of 5338 Re: Anyone Have Data on [andres3]
by Kirstie@Edmunds HOST
Apr 03, 2013 (4:46 pm)
If that happens, I suggest you find a better agent, and quickly. If that actually HAS happened to you, I think you've set the record for people I know who've been shafted by the most companies. If you need a better agent, I'm sure we can recommend one!