Author Topic: Car Insurance Master Thread (Read 432984 times)

myi · « **Reply #1580 on:** September 01, 2024, 10:35:29 PM »

Quote from: Brooklyn Yid on September 01, 2024, 12:47:08 PM

I'm lending my old car to a relative for two months and I'm worried about my insurance premiums if he gets into an accident. I’m making him get non-owner's insurance, but I’m wondering would his non-owner's insurance cover liability without affecting my policy? I'm not concerned about damage to my car, just the liability. Would my insurance still go up, or would his policy handle it?

(I’ve called GEICO a few times, but their reps gave me conflicting answers.)

To solve that issue. Remove it from your policy. And only have him on the car with his own policy.
Title can stay. But may need new registration and plates. Unless there's a way to transition without the need for the whole process of getting new plates and registration. Though it may be worth it.

Shmuel4 · « **Reply #1581 on:** October 06, 2024, 10:22:39 PM »

Currently paying $5,000+ with Geico for one leased minivan and 2 drivers. No accidents. Any idea why I paying so much and any better ideas?

yelped · « **Reply #1582 on:** October 07, 2024, 03:07:11 PM »

Quote from: Shmuel4 on October 06, 2024, 10:22:39 PM

Currently paying $5,000+ with Geico for one leased minivan and 2 drivers. No accidents. Any idea why I paying so much and any better ideas?

Location/Length/Age?

Don't be complacent. Compare quotes from other companies. I just switched from GEICO to progressive and saved almost 30% for a 6 month period.

elimmm · « **Reply #1583 on:** December 24, 2024, 05:06:49 PM »

is there a site that lines up a bunch of companies for a comparison of auto policies?

Chester7 · « **Reply #1584 on:** December 24, 2024, 06:04:28 PM »

Quote from: elimmm on December 24, 2024, 05:06:49 PM

is there a site that lines up a bunch of companies for a comparison of auto policies?

Any agent will do that for you. As long as they don't work for a specific company.

elimmm · « **Reply #1585 on:** January 17, 2025, 12:11:58 PM »

any car insurance agents on the forum? please pm me
thanks

herb · « **Reply #1586 on:** January 17, 2025, 03:00:09 PM »

@YSP

nafnaf12 · « **Reply #1587 on:** January 28, 2025, 03:59:18 PM »

Any recommendations for a car insurance broker?

herb · « **Reply #1588 on:** January 28, 2025, 04:12:11 PM »

Quote from: nafnaf12 on January 28, 2025, 03:59:18 PM

Any recommendations for a car insurance broker?

Spero Insurance
443-845-9552
@YSP

insidescoop99 · « **Reply #1589 on:** March 11, 2025, 11:39:30 AM »

A friend of mine was involved in a side-swipe accident while driving a Hertz rental car, and had no liability insurance. The damages seemed very minor $100-$500 at most (minor paint). Is there any way to challenge the situation? He’s worried his rates will go up if he shares his auto insurance info, but he also doesn’t want to deal with complications from Hertz.

davidd75 · « **Reply #1590 on:** March 11, 2025, 12:53:10 PM »

I am paying like 6K per year now in NJ for 3 cars(2023models and later) full coverage with Geico now!

is that very high?

JudahMcB · « **Reply #1591 on:** March 11, 2025, 01:04:14 PM »

Yes it's high, but matches what I'm paying now with GEICO for 3 cars and 5 drivers in NJ: $6.4K/yr after a renewal increase of 20% this month. I shopped around with a bunch of different car insurance companies last week and Geico still came in the lowest. I think "high" is the new normal.

TravelMoshe · « **Reply #1592 on:** March 13, 2025, 09:02:53 AM »

Anyone know a car insurance salesman in Lakewood?

myi · « **Reply #1593 on:** March 14, 2025, 12:32:10 AM »

Quote from: TravelMoshe on March 13, 2025, 09:02:53 AM

Anyone know a car insurance salesman in Lakewood?

There's a guy shimmy gross who's great. Pm for his number

Chester7 · « **Reply #1594 on:** March 14, 2025, 12:43:41 AM »

Quote from: TravelMoshe on March 13, 2025, 09:02:53 AM

Anyone know a car insurance salesman in Lakewood?

Or Mark Goldman.
PM.

aryeh1 · « **Reply #1595 on:** March 23, 2025, 02:23:50 AM »

If parked car is hit in NJ and police report is made can insurance go up even though car is parked (assuming other person that was driving that hit it is present)?

Also any reasonable and honest collision shops in Lakewood that do good work?

davidd75 · « **Reply #1596 on:** April 04, 2025, 10:55:07 AM »

so basically if you do a one pay lease and car gets totaled during the lease period the insurance company will pay back the dealer or financer the value of the car
and you are now stuck without a car and no payments?

davidd75 · « **Reply #1597 on:** April 07, 2025, 10:58:31 AM »

Quote from: davidd75 on April 04, 2025, 10:55:07 AM

so basically if you do a one pay lease and car gets totaled during the lease period the insurance company will pay back the dealer or financer the value of the car
and you are now stuck without a car and no payments?

anybody with experience with this?

yelped · « **Reply #1598 on:** April 07, 2025, 11:49:22 AM »

Quote from: davidd75 on April 07, 2025, 10:58:31 AM

anybody with experience with this?

You already answered the question. You risk losing all the money you put in upfront.

davidd75 · « **Reply #1599 on:** April 07, 2025, 01:27:06 PM »

Quote from: yelped on April 07, 2025, 11:49:22 AM

You already answered the question. You risk losing all the money you put in upfront.

I see thanks
so there is no situation where you get any part of the insurance payout with a one pay lease?
I guess this an advantage of a month to month lease has over a one pay lease where you would not have to pay the remaining payments on the the lease term?

Topic Wiki

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How much liability insurance do you think is prudent?

Author Topic: Car Insurance Master Thread (Read 432984 times)