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Which Insurance Broker would you recommend:

5MinuteInsure.com
Moshe Fishman
Online Comparison and Purchasing Platform
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Nationwide- Yehuda Spero
443-845-9552
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Insurance Depot
718-921-2300
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Trumper Insurance
845-356-1899

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Poll

How much liability insurance do you think is prudent?

Statutory minimum
37 (16.5%)
100k
54 (24.1%)
200k
14 (6.3%)
300k
64 (28.6%)
500k
32 (14.3%)
750k
1 (0.4%)
1m
14 (6.3%)
more than 1m
8 (3.6%)

Total Members Voted: 224

Author Topic: Car Insurance Master Thread  (Read 205445 times)

Offline Luvisrael

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Re: Car Insurance Master Thread
« Reply #1160 on: May 07, 2020, 10:32:49 PM »
It's considered a comprehensive claim and should not affect your rates
Be wary of any claims on your record. If you can live without it better not to. 

Offline Thingywingy

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Re: Car Insurance Master Thread
« Reply #1161 on: May 07, 2020, 11:10:31 PM »
It's considered a comprehensive claim and should not affect your rates
Be wary of any claims on your record. If you can live without it better not to.
Thank you both for responding. Can either of you elaborate or provide a source?

This Forbes article says that there are "chargeable" and "non-chargeable" accidents and seems to say that, insurance companies are not legally allowed to raise rates for "non-chargeable" accidents. I am having trouble finding the criteria used in New Jersey for these classifications. 
« Last Edit: May 07, 2020, 11:21:06 PM by Thingywingy »
I am sometimes accused of overthinking things. I am still mulling over whether that accusation has merit.

Offline Definitions

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Re: Car Insurance Master Thread
« Reply #1162 on: May 08, 2020, 12:48:50 AM »
Thank you both for responding. Can either of you elaborate or provide a source?

This Forbes article says that there are "chargeable" and "non-chargeable" accidents and seems to say that, insurance companies are not legally allowed to raise rates for "non-chargeable" accidents. I am having trouble finding the criteria used in New Jersey for these classifications.
I remember reading someplace that sometimes they don't charge more they just take away a discount you had. I don't know what it was regarding

Offline pointer

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Re: Car Insurance Master Thread
« Reply #1163 on: May 08, 2020, 12:30:18 PM »
Be wary of any claims on your record. If you can live without it better not to.
This is very interesting.
Can you perhaps provide a source?

Thanks.

Offline Shlomo1

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Re: Car Insurance Master Thread
« Reply #1164 on: July 05, 2020, 12:47:04 AM »
Has anyone had experience with Metromile? They seem cheaper since they base it on amount of miles driven. They're also only available in select states- NJ Yes, NY no.

Offline YSP

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Re: Car Insurance Master Thread
« Reply #1165 on: July 10, 2020, 01:48:18 PM »
Has anyone had experience with Metromile? They seem cheaper since they base it on amount of miles driven. They're also only available in select states- NJ Yes, NY no.

Nationwide starting offering same thing in select states. Plug in device and you pay per mile

Offline avadah

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Re: Car Insurance Master Thread
« Reply #1166 on: August 05, 2020, 09:31:47 PM »
Insurance newbie here. When asking for a quote, if i decline to answer by education and employment does it affect my rates?

Offline JACKBLUE

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Re: Car Insurance Master Thread
« Reply #1167 on: August 05, 2020, 11:26:58 PM »
Insurance newbie here. When asking for a quote, if i decline to answer by education and employment does it affect my rates?
No.

Offline Shlomo1

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Re: Car Insurance Master Thread
« Reply #1168 on: August 06, 2020, 10:21:10 AM »
Nationwide starting offering same thing in select states. Plug in device and you pay per mile

Do a lot of people use this? Does it actually come out to be cheaper?

Offline Luvisrael

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Re: Car Insurance Master Thread
« Reply #1169 on: August 06, 2020, 10:23:46 AM »
Nationwide starting offering same thing in select states. Plug in device and you pay per mile
ive been offered that with Allstate as well. IIRC it was .30 /mile? Def wasn’t worth it for me

Offline herb

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Re: Car Insurance Master Thread
« Reply #1170 on: August 06, 2020, 11:33:12 AM »
Do a lot of people use this? Does it actually come out to be cheaper?
up to 30%

Offline shmu

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Re: Car Insurance Master Thread
« Reply #1171 on: August 12, 2020, 09:50:57 PM »
update: a friend of mine did this and geico refused to give him the discount saying that he already has a good rate. also, you can become a member of this org for free instead of the one listed above. naaee.net
I'ts $80

Offline davidd75

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Re: Car Insurance Master Thread
« Reply #1172 on: August 24, 2020, 12:49:58 PM »
anyone know if you are obligated to add teen driver to policy in NJ once they get a license?

Offline davidd75

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Re: Car Insurance Master Thread
« Reply #1173 on: August 24, 2020, 02:25:00 PM »
and what happens with lets say Geico if you don't add them on?

Offline davidd75

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Re: Car Insurance Master Thread
« Reply #1174 on: September 22, 2020, 05:18:39 PM »
How do you handle a new teenage licensed driver in your household anyway to soften or avoid the insurance rate hike?

what are some of the things you can do?

Offline Lurker

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Re: Car Insurance Master Thread
« Reply #1175 on: September 22, 2020, 05:22:59 PM »
How do you handle a new teenage licensed driver in your household anyway to soften or avoid the insurance rate hike?

what are some of the things you can do?

Give them their own address and tell them to get their own insurance. Saved my parents a few bucks.

Alternatively, if the insurance is in the name of a nonprofit, adding teens doesn't make it go up as much. (Doesn't apply to most people.)
Failing at maintaining Lurker status.

Offline lubaby

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Re: Car Insurance Master Thread
« Reply #1176 on: September 22, 2020, 05:38:07 PM »
Give them their own address and tell them to get their own insurance. Saved my parents a few bucks.

Alternatively, if the insurance is in the name of a nonprofit, adding teens doesn't make it go up as much. (Doesn't apply to most people.)
Cheaper for a teenager to get their own insurance then to be added to the family plan? Not talking about who is paying for what, just the total overall cost..

Offline avromie7

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Re: Car Insurance Master Thread
« Reply #1177 on: September 22, 2020, 05:44:20 PM »
How do you handle a new teenage licensed driver in your household anyway to soften or avoid the insurance rate hike?

what are some of the things you can do?
Shop around!
I wonder what people who type "u" instead of "you" do with all their free time.

Offline davidd75

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Re: Car Insurance Master Thread
« Reply #1178 on: September 22, 2020, 05:44:58 PM »
Give them their own address and tell them to get their own insurance. Saved my parents a few bucks.

Alternatively, if the insurance is in the name of a nonprofit, adding teens doesn't make it go up as much. (Doesn't apply to most people.)

Huh not so easy to send an 18 year old packing and why would that be cheaper anyway(if they get their own policy)?  can they get their own policy if they live with you?

Offline davidd75

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Re: Car Insurance Master Thread
« Reply #1179 on: September 22, 2020, 05:45:53 PM »
Shop around!

who is kind with new teenage drivers Geico?