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Which Insurance Broker would you recommend:

Insurance Depot
718-921-2300
Info@insdepot.com

Recommend by -Z56


Trumper Insurance
845-356-1899

Recommend by -Yammer
« Last edited by Z56 on February 15, 2017, 02:42:03 PM »

Poll

How much liability insurance do you think is prudent?

Statutory minimum
21 (14.6%)
100k
32 (22.2%)
200k
9 (6.3%)
300k
45 (31.3%)
500k
20 (13.9%)
750k
1 (0.7%)
1m
9 (6.3%)
more than 1m
7 (4.9%)

Total Members Voted: 144

Author Topic: Car Insurance Master Thread  (Read 70337 times)

Offline Dan

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Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Dan

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Now that I'm looking at it I can lower my 6 month premium from $277.45 to $233.42 if I change my deductible to $1,000.

Think I should do that?  What do others here carry?
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Offline AJK

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I'm crying inside.

CLE looks better and better every day, even though where I'm from (not where I am now) it's gotta be similar, but I didn't think it was that good.

I didn't even think that was possible for a new car.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline AJK

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Now that I'm looking at it I can lower my 6 month premium from $277.45 to $233.42 if I change my deductible to $1,000.

Think I should do that?

Absolutely, IMHO.

And that's a 6 mos premium? Not per month?
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline Dan

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Absolutely, IMHO.

And that's a 6 mos premium? Not per month?
Yup, those are all per 6 months.

Everyone else in agreement that it's worth going to $1K deduct to save $88 per year?
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Offline Dan

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I'm crying inside.

CLE looks better and better every day, even though where I'm from (not where I am now) it's gotta be similar, but I didn't think it was that good.

I didn't even think that was possible for a new car.
Cleveland rocks, that's what I've been telling you guys :D
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline AJK

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To qualify and clarify, the reason I suggest raising your deductible to $1000 is because insurance, in my view, is for "holy crap" issues, not issues where the driver will incur $500-1000 or even $2000 in charges.

Making a claim for anything in that range will more than eat up (over a lifetime) any savings from having a lower deductible.

I wouldn't even consider making a claim for less than $3,000, which is why I'd say save the money and raise your deductible.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline Dan

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To qualify and clarify, the reason I suggest raising your deductible to $1000 is because insurance, in my view, is for "holy crap" issues, not issues where the driver will incur $500-1000 or even $2000 in charges.

Making a claim for anything in that range will more than eat up for savings from having a lower deductible.

I wouldn't even consider making a claim for less than $3,000, which is why I'd say save the money and raise your deductible.
Agreed, have to be crazy to make a small claim. The only problem comes if say $4K in damages occur c"v that only $3K would be covered.
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That's what I pay for 6 months on my Altima :o

That's insain

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To qualify and clarify, the reason I suggest raising your deductible to $1000 is because insurance, in my view, is for "holy crap" issues, not issues where the driver will incur $500-1000 or even $2000 in charges.

Making a claim for anything in that range will more than eat up (over a lifetime) any savings from having a lower deductible.

I wouldn't even consider making a claim for less than $3,000, which is why I'd say save the money and raise your deductible.
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Agreed, have to be crazy to make a small claim. The only problem comes if say $4K in damages occur c"v that only $3K would be covered.

As opposed to $3500...  I mean, we're not talking a tremendous amount of money here.

Truth be told, even for $3500, I may not make a claim. You'll pay significantly more than that over the course of a lifetime if you end up making that claim. As I said, and as I believe, insurance is for "holy crap" issues, bli eiyin hara, lo aleinu.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

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Now that I'm looking at it I can lower my 6 month premium from $277.45 to $233.42 if I change my deductible to $1,000.

Think I should do that?  What do others here carry?
What do you reckon the chances of making a claim over $1000 in 5+ years is?

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What do you reckon the chances of making a claim over $1000 in 5+ years is?

If it was that simple to calculate, he'd have his answer :P
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline Dan

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As opposed to $3500...  I mean, we're not talking a tremendous amount of money here.
Opposed to $3,900 for what I carry now for comprehensive, but I think you have me convinced.

So how much coverage do others here carry?
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Opposed to $3,900 for what I carry now for comprehensive, but I think you have me convinced.

So how much coverage do others here carry?

As in limits or in deductibles?

As for the latter, I practice what I preach :P
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper