Next week, I'll be switching to another auto insurance. My previous limits with another company were:
-minimum MD state 20/40/15 for Bodily Injury, Uninsured Motorist, and property damage
-PIP $2500
-250/500 for Comprehensive/Collision, had road service, towing, and rental.
I don't have many assets. I'm a renter and I live from paycheck to paycheck. I have no accidents, no tickets, and no violations for the last 8 years. I'm a cautious driver. I drive a 2003 Honda Civic.
The new insurance company is offering me $759/year for the limits 100/300/100 Bodily Injury Liability and matching for Uninsured Motorist + Property Damage, 250/500 for Comp/Coll, road service, towing, and rentals, PIP 2500.
I've seen different answers that say 100/300/100 would be better for those who own a house and have a better income.
What do you think is a recommended coverage going?
2007-06-02 19:29:11 · 10 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
Given the cost of medical car, and the state of our legal system, I think it makes sense to up your coverage. The minimum is pretty much a joke, and won't cover anyone's serious injuries. Let alone if they sue you for pain and suffering. Besides, if they win a judgement, they can attach your wages, and prevent you from ever buying a home.
You should do this anyway, because it's the right thing to do. Besides, the person you may end up covering may be a friend or relative riding in your car as a passenger. Don't let the asset calculation deter you.
I've had at least 100/300 liability ever since I could afford it. Last year I bumped it up to the max, which I believe was 300/600.
2007-06-02 19:59:21 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
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RE Auto Insurance Coverage - How much coverage should I buy?
Next week, I'll be switching to another auto insurance. My previous limits with another company were:
-minimum MD state 20/40/15 for Bodily Injury, Uninsured Motorist, and property damage
-PIP $2500
-250/500 for Comprehensive/Collision, had road service, towing, and rental.
I don't have many assets. I'm a renter and I live from paycheck to paycheck. I have no accidents, no tickets, and no violations for the last 8 years. I'm a cautious driver. I drive a 2003 Honda Civic.
The new insurance company is offering me $759/year for the limits 100/300/100 Bodily Injury Liability and matching for Uninsured Motorist + Property Damage, 250/500 for Comp/Coll, road service, towing, and rentals, PIP 2500.
I've seen different answers that say 100/300/100 would be better for those who own a house and have a better income.
What do you think is a recommended coverage going?
2014-08-16 00:35:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I suggest that you try this website where you can compare rates from different companies: http://insurancetocompare.info/index.html?src=2YADIF85YXd86uya
RE :Auto Insurance Coverage - How much coverage should I buy?
Next week, I'll be switching to another auto insurance. My previous limits with another company were:
-minimum MD state 20/40/15 for Bodily Injury, Uninsured Motorist, and property damage
-PIP $2500
-250/500 for Comprehensive/Collision, had road service, towing, and rental.
I don't have many assets. I'm a renter and I live from paycheck to paycheck. I have no accidents, no tickets, and no violations for the last 8 years. I'm a cautious driver. I drive a 2003 Honda Civic.
The new insurance company is offering me $759/year for the limits 100/300/100 Bodily Injury Liability and matching for Uninsured Motorist + Property Damage, 250/500 for Comp/Coll, road service, towing, and rentals, PIP 2500.
I've seen different answers that say 100/300/100 would be better for those who own a house and have a better income.
What do you think is a recommended coverage going?
1 following 9 answers
2016-09-01 16:07:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
First and foremost; keep on thing in mind. GET THE MOST INSURANCE YOU CAN. Seriously, think about it. 99% of people just get the bare minimum. Then, they get into an accident, they discover that they have to pay for almost all of it out of pocket. Do not get the minimum. Get as much coverage you can, so when you get in an accident, which is inevitable, you won't be taken to the cleaners. And get the lowest deductible. Sure, if you put a $5000 deductible on there, you get low rates. It also means that the first $5000 of an accident, comes out of your wallet. And any accident under $5000? All you. Does that sound fun?
2016-04-01 12:53:36 · answer #4 · answered by ? 4 · 0⤊ 0⤋
This is a personal choice, just know you have to live with your choices. Ultimately though, you want to purchase the most amount of coverage you can afford and that hopefully will protect whatever assets you own, assets you have now and possibly future ones.
2007-06-02 19:35:35 · answer #5 · answered by bundysmom 6 · 0⤊ 0⤋
it depends. If you have a old car I would just put liability or whatever your states requires. Full coverage a brand new vehicle.
2007-06-02 20:02:04 · answer #6 · answered by pitbull_919 2 · 0⤊ 0⤋
As much as you can afford. You'll be thinking you are paying to much and trowing away your money until... something really bad happens.
I hope you'll never have to use your insurance, but you never know.
2007-06-02 19:35:39 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Compare insuran ce quotes
2014-12-30 14:29:27 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Try https://tr.im/uN1w8
2016-07-23 10:34:47 · answer #9 · answered by Buffy 6 · 0⤊ 0⤋
Try https://tr.im/BMbdz
2015-12-16 00:19:51 · answer #10 · answered by ? 3 · 0⤊ 0⤋