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When signing up for auto insurance, make sure you know what coverage you're getting, and what your deductibles are.

Which Insurance Broker would you recommend:

5MinuteInsure.com
Moshe Fishman
Online Comparison and Purchasing Platform for Auto, Home or Bundle Insurance
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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 (15.9%)
100k
57 (24.5%)
200k
14 (6%)
300k
66 (28.3%)
500k
34 (14.6%)
750k
2 (0.9%)
1m
15 (6.4%)
more than 1m
8 (3.4%)

Total Members Voted: 233

Author Topic: Car Insurance Master Thread  (Read 233486 times)

Offline WonderingYid

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Re: Car Insurance Master Thread
« Reply #1340 on: July 06, 2022, 09:46:48 PM »
I recently saw someone save 30% from their Geico in FL.
Who did they switch to?

Where can you find a list of carriers for your state?

Offline Reb Moshe

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Re: Car Insurance Master Thread
« Reply #1341 on: July 07, 2022, 11:02:03 AM »
Who did they switch to?

Where can you find a list of carriers for your state?
5 Minute Insure gave the client Travelers.

All available carriers in that state are searched and the companies that are willing to give a quote are returned. There are times that a certain carrier that is available in the state won't return a quote based due to underwriting information that has been entered or found on the prospect.

Offline yos9694

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Re: Car Insurance Master Thread
« Reply #1342 on: July 07, 2022, 02:58:21 PM »
5 Minute Insure gave the client Travelers.

All available carriers in that state are searched and the companies that are willing to give a quote are returned. There are times that a certain carrier that is available in the state won't return a quote based due to underwriting information that has been entered or found on the prospect.

There's no way this covers "all available carriers". Car insurance is a commodity product with a negative switching cost. The insurance companies know that making price shopping easy for consumers is shooting themselves in the foot. This website probably has a few companies participating at most, and is more likely to lose carriers than add

Offline greatdeals

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Re: Car Insurance Master Thread
« Reply #1343 on: July 11, 2022, 10:37:45 AM »
daughter got license a year ago then went to seminary
now is back can she drive parents car without being added on insurance
living at home insurance company is geico will they cover if she gets into an accident chas vshalom?

Offline neveryou

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Re: Car Insurance Master Thread
« Reply #1344 on: July 11, 2022, 11:24:39 AM »
daughter got license a year ago then went to seminary
now is back can she drive parents car without being added on insurance
living at home insurance company is geico will they cover if she gets into an accident chas vshalom?
Loop upthread, it was spoken about already

Offline WonderingYid

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Re: Car Insurance Master Thread
« Reply #1345 on: July 11, 2022, 11:49:12 AM »
How much does my credit score play in an insurance rate?

Offline neveryou

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Re: Car Insurance Master Thread
« Reply #1346 on: July 11, 2022, 12:50:25 PM »
How much does my credit score play in an insurance rate?
With allstate, it's a major part of the price

Offline Reb Moshe

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Re: Car Insurance Master Thread
« Reply #1347 on: July 13, 2022, 05:23:57 PM »
There's no way this covers "all available carriers". Car insurance is a commodity product with a negative switching cost. The insurance companies know that making price shopping easy for consumers is shooting themselves in the foot. This website probably has a few companies participating at most, and is more likely to lose carriers than add

Most carriers benefit by being on the comparison site, while some still prefer only selling direct.

This is EXTREMELY similar to the OTA (Online Travel Agency) like Expedia, where most carriers benefit from being searched against many other carriers. Having said this, Southwest Airlines has never submitted to the OTA and is still only available directly. In theory, United Airlines loses out by being on Expedia, however, United obviously sees that they lose more by not being on Expedia.

Back to insurance, most companies allow themselves to be compared against other companies.

Offline yos9694

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Re: Car Insurance Master Thread
« Reply #1348 on: July 14, 2022, 09:55:17 AM »
Most carriers benefit by being on the comparison site, while some still prefer only selling direct.

This is EXTREMELY similar to the OTA (Online Travel Agency) like Expedia, where most carriers benefit from being searched against many other carriers. Having said this, Southwest Airlines has never submitted to the OTA and is still only available directly. In theory, United Airlines loses out by being on Expedia, however, United obviously sees that they lose more by not being on Expedia.

Back to insurance, most companies allow themselves to be compared against other companies.

It's nothing like an OTA. Insurance uses low rates to get people in the door and banks on renewals, not in their interest to make switching effortless.

Offline neveryou

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Re: Car Insurance Master Thread
« Reply #1349 on: July 14, 2022, 02:16:18 PM »
Most carriers benefit by being on the comparison site, while some still prefer only selling direct.

This is EXTREMELY similar to the OTA (Online Travel Agency) like Expedia, where most carriers benefit from being searched against many other carriers. Having said this, Southwest Airlines has never submitted to the OTA and is still only available directly. In theory, United Airlines loses out by being on Expedia, however, United obviously sees that they lose more by not being on Expedia.

Back to insurance, most companies allow themselves to be compared against other companies.
Most insurance companies won't know what your premium is going to be till they run your credit, insurance history and run your license

I doubt these websites are giving an accurate quote, it's probably a low ball quote

Offline av83

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Re: Car Insurance Master Thread
« Reply #1350 on: July 22, 2022, 02:44:27 PM »
My Wife banged someone else's rental car about a month ago, approx 1-2K claim they went to insurance this was the first claim ever on our policy, now she damaged someone else's car 6-700$ damage is it worth it to pay out of pocket or go through ins?

Offline JMHO

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Re: Car Insurance Master Thread
« Reply #1351 on: July 22, 2022, 03:11:08 PM »
Does this belong in the Shalom Bayis thread?

Offline herb

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Re: Car Insurance Master Thread
« Reply #1352 on: July 22, 2022, 03:18:32 PM »
My Wife banged someone else's rental car about a month ago, approx 1-2K claim they went to insurance this was the first claim ever on our policy, now she damaged someone else's car 6-700$ damage is it worth it to pay out of pocket or go through ins?
ur deductible is probably close to that anyhow

Offline av83

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Re: Car Insurance Master Thread
« Reply #1353 on: July 22, 2022, 03:23:49 PM »
ur deductible is probably close to that anyhow
I dont think i have a deductible on property damage liability

Offline WAM

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Re: Car Insurance Master Thread
« Reply #1354 on: July 24, 2022, 04:02:50 AM »
My Wife banged someone else's rental car about a month ago, approx 1-2K claim they went to insurance this was the first claim ever on our policy, now she damaged someone else's car 6-700$ damage is it worth it to pay out of pocket or go through ins?
Pay out of pocket. Your insurance company might forgive 1 accident but probably not 2.
In that case, you'll likely be paying hundreds more on the policy.

Offline shmooz

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Re: Car Insurance Master Thread
« Reply #1355 on: July 24, 2022, 08:25:17 AM »
Pay out of pocket. Your insurance company might forgive 1 accident but probably not 2.
In that case, you'll likely be paying hundreds more on the policy.

Agreed

Offline shmu

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Re: Car Insurance Master Thread
« Reply #1356 on: July 24, 2022, 08:49:46 AM »
My Wife banged someone else's rental car about a month ago, approx 1-2K claim they went to insurance this was the first claim ever on our policy, now she damaged someone else's car 6-700$ damage is it worth it to pay out of pocket or go through ins?
Had that happen to a relative. Gieco just told them they won't renew their policy at all. I agree just pay

Offline ae123

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Re: Car Insurance Master Thread
« Reply #1357 on: September 14, 2022, 08:28:48 PM »
1 - Does a Bachur in Yeshiva/daughter in seminary have to be added if they only come home for off-Shabbosos & Yomtov time?
2 - Is there a good agent in LKWD who can help get the best rate for auto insurance with/without bundling home insurance in?
Thanks.

Offline WonderingYid

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Re: Car Insurance Master Thread
« Reply #1358 on: September 16, 2022, 01:05:36 AM »
1 - Does a Bachur in Yeshiva/daughter in seminary have to be added if they only come home for off-Shabbosos & Yomtov time?
2 - Is there a good agent in LKWD who can help get the best rate for auto insurance with/without bundling home insurance in?
Thanks.
If they don't live at home, I don't think they need to be added YMMV. When signing up for auto insurance, make sure you know what coverage you're getting, and what your deductibles are.

Offline jose34

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Re: Car Insurance Master Thread
« Reply #1359 on: September 19, 2022, 03:01:28 PM »
Most companies allow you to add a "Student" to your policy without an additional cost.
(For your child who is a student and does not live at home anymore) 
In the best case scenario, it could bring down your policy cost.