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Which Insurance Broker would you recommend:

5MinuteInsure.com
Moshe Fishman
Online Comparison and Purchasing Platform
Recommended by - Reb Moshe


Nationwide- Yehuda Spero
443-845-9552
speroy@nationwide.com



Insurance Depot
718-921-2300
Info@insdepot.com
Recommend by -Z56


Trumper Insurance
845-356-1899

Recommend by -Yammer

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 205447 times)

Offline lubaby

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Re: Car Insurance Master Thread
« Reply #1180 on: September 22, 2020, 05:47:29 PM »
Huh not so easy to send an 18 year old packing
I don't think he meant to kick the kids out..

Offline Lurker

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Re: Car Insurance Master Thread
« Reply #1181 on: September 22, 2020, 05:52:40 PM »
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?

Apartment 2A.

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..

Like all things insurance, it depends on the cars covered, the people on the policy, and the location. I don't know that it would be cheaper in most cases, I just know it has worked out in the past. Was a while ago, though.
Failing at maintaining Lurker status.

Offline avromie7

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Re: Car Insurance Master Thread
« Reply #1182 on: September 22, 2020, 05:55:35 PM »
who is kind with new teenage drivers Geico?
I'm not familiar with who is generally cheaper. You can also go to a broker who can do some shopping for you.

Once you're at it, it's a good idea to make sure you aren't paying for coverage you don't need. Although it's not very expensive, people often pay for uninsured motorist property coverage that's way more expensive than their car is worth.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline Tomorrow

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Re: Car Insurance Master Thread
« Reply #1183 on: September 22, 2020, 05:56:38 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?
If the person dorms at school you can tell the insurance that they dorm away from home. Also, IME, the insurance often doesn't find out about these new drivers.
Sorry if I ask so many questions, but life is short and there is so much to learn! Let's help each other be great!

Offline davidd75

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Re: Car Insurance Master Thread
« Reply #1184 on: September 22, 2020, 06:01:06 PM »
If the person dorms at school you can tell the insurance that they dorm away from home. Also, IME, the insurance often doesn't find out about these new drivers.

it found out about mine >:(

Offline davidd75

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Re: Car Insurance Master Thread
« Reply #1185 on: September 22, 2020, 06:04:46 PM »
Apartment 2A.

Like all things insurance, it depends on the cars covered, the people on the policy, and the location. I don't know that it would be cheaper in most cases, I just know it has worked out in the past. Was a while ago, though.

sounds risque ???

Offline shmooz

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Re: Car Insurance Master Thread
« Reply #1186 on: September 22, 2020, 06:12:43 PM »
who is kind with new teenage drivers Geico?

Yes geico is better with teenagers than some others, but shop around

Offline JudahMcB

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Re: Car Insurance Master Thread
« Reply #1187 on: September 22, 2020, 06:21:27 PM »
who is kind with new teenage drivers? Geico?
I had been with Liberty Mutual for 20 years. I'd shop around every 4 or 5 years and they were always the lowest.... until I tried adding my teenage daughter. They wanted +$2,200 to add a teen driver! I called Geico and it was only +$550/yr more than I was paying with Liberty for identical coverage so I switched. Interestingly, I removed her from the policy this year while she's away at seminary and it dropped my premium by $700/yr.

Offline Help

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Re: Car Insurance Master Thread
« Reply #1188 on: September 23, 2020, 05:44:32 PM »
How much can I expect my insurance to go up after being involved in an accident (my fault)?

I am trying to figure out if it will be cheaper in the long run, If I just pay for the damage myself.

Thank you.

Offline avromie7

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Re: Car Insurance Master Thread
« Reply #1189 on: September 24, 2020, 03:55:24 PM »
How much can I expect my insurance to go up after being involved in an accident (my fault)?

I am trying to figure out if it will be cheaper in the long run, If I just pay for the damage myself.

Thank you.
There are way too many variables. How much is the damage?
I wonder what people who type "u" instead of "you" do with all their free time.

Offline Help

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Re: Car Insurance Master Thread
« Reply #1190 on: September 24, 2020, 04:50:48 PM »
There are way too many variables. How much is the damage?
between Both cars, I'd say approximately $3,000k

Offline avromie7

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Re: Car Insurance Master Thread
« Reply #1191 on: September 24, 2020, 07:58:38 PM »
between Both cars, I'd say approximately $3,000k
Did you have a body shop look at it? It can be way more expensive than you imagine.

What are you currently paying for insurance?
I wonder what people who type "u" instead of "you" do with all their free time.

Offline Help

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Re: Car Insurance Master Thread
« Reply #1192 on: September 24, 2020, 08:01:04 PM »
Did you have a body shop look at it? It can be way more expensive than you imagine.

What are you currently paying for insurance?
The body shop only saw one car and said, it is around $2,000 damage.
The other car has considerably less damage, so I'm being generous and saying around $3000 for both cars.

I am paying approximately $155 per month

Offline avromie7

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Re: Car Insurance Master Thread
« Reply #1193 on: September 24, 2020, 08:11:03 PM »
The body shop only saw one car and said, it is around $2,000 damage.
The other car has considerably less damage, so I'm being generous and saying around $3000 for both cars.

I am paying approximately $155 per month
Don't underestimate the amount of damage on the other car. There's always the possibility there will be more hidden damage. Unless you have a really bad record that would make insurers wary of insuring you, you're probably better off filling a claim. If they raise your rates significantly you can always find a new insurer. (You should always shop around regardless)
I wonder what people who type "u" instead of "you" do with all their free time.

Offline dovy2

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Re: Car Insurance Master Thread
« Reply #1194 on: September 24, 2020, 08:39:04 PM »
Don't underestimate the amount of damage on the other car. There's always the possibility there will be more hidden damage. Unless you have a really bad record that would make insurers wary of insuring you, you're probably better off filling a claim. If they raise your rates significantly you can always find a new insurer. (You should always shop around regardless)
+1
You're paying insurance for a reason

Offline Help

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Re: Car Insurance Master Thread
« Reply #1195 on: September 24, 2020, 08:50:35 PM »
You're paying insurance for a reason
Yes, but if it will end up costing me more in the long run you'll agree I shouldn't claim, correct?

Offline avromie7

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Re: Car Insurance Master Thread
« Reply #1196 on: September 24, 2020, 09:06:36 PM »
Yes, but if it will end up costing me more in the long run you'll agree I shouldn't claim, correct?
You'll most likely come out ahead by going thru insurance. You also don't have to lay out the money up front.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline zh cohen

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Re: Car Insurance Master Thread
« Reply #1197 on: September 24, 2020, 10:17:01 PM »
Just had a great experience with Gabi.com. Saving $561 a year on car insurance (originally quoted me $703 savings, but after going forward they pulled my driving record and told me I'll only save $561).

@Dan do you have a referral link?

Offline nucheiner

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Re: Car Insurance Master Thread
« Reply #1198 on: September 28, 2020, 10:40:30 PM »
Got hit by a semi trailer, very minor damage probably just a bumper. Officer said the insurance info would be on the report. Just got the Report and it says Self Insured. (Cop and Driver seemed pretty chummy. I think the cop also played around with the report)

How does it work when a driver is self insured?

Offline Tomorrow

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Re: Car Insurance Master Thread
« Reply #1199 on: September 28, 2020, 11:13:16 PM »
Got hit by a semi trailer, very minor damage probably just a bumper. Officer said the insurance info would be on the report. Just got the Report and it says Self Insured. (Cop and Driver seemed pretty chummy. I think the cop also played around with the report)

How does it work when a driver is self insured?
It most likely  means the company he works for is covering the cost, instead of an insurance company.
Sorry if I ask so many questions, but life is short and there is so much to learn! Let's help each other be great!