Author Topic: Car Insurance Master Thread (Read 398874 times)

Dan · « **Reply #40 on:** July 25, 2011, 12:57:51 AM »

Quote from: Dan on July 01, 2011, 12:43:07 AM

So how do you know how much liability coverage you need with auto insurance? Or which other coverages I should get or should get rid of?
Geico lets me adjust all these limits online, but frankly I have no idea what I need.

This is what I have now with Geico for an '11 Altima that I own.
My wife (23) and myself (26) are insured to drive.
6 month premium: $313.45.
-Bodily Injury Liability: Up to $300K per person/$300K per incident, $75.78 premium
-Property Damage Liability: $100K, $50.54 premium
-Medical Payments for passengers in your car: None
-Uninsured Motorist Bodily Injury: Up to $300K per person/$300K per incident, $12.27 premium
-Underinsured Motorist: Up to $300K per person/$300K per incident, $5.42 premium
-Comprehensive: $100 deductible, $43.69 premium
-Collision: $500 deductible, $115.74 premium
-Uninsured Motorist Property Damage: None
-Emergency Road Service, $1.69 premium
-Rental Reimbursement, up to $30/day, $900 max, $8.32 premium
-Mechanical Breakdown Insurance (Must be added within 15 months of purchase, $16.92 premium for extended warranty valid for the 7 years of a car with a $250 deductible): None.

Got rid of Rental Reimbursement and took down my coverages from 300/300 to 100/300 and my 6 month premium is now $297.29. Refund check is in the mail...geico makes this too easy to play with online

cshia · « **Reply #41 on:** July 25, 2011, 01:09:50 AM »

i have metlife. in monsey ny 2011 honda accord im 23 yr paying little under $1300 a year.

bubkiz · « **Reply #42 on:** August 24, 2011, 12:10:21 AM »

I will be buying car insurance very soon. What are the coverage amounts I should be getting?
Also, is AAA insurance recommended?

smurf · « **Reply #43 on:** August 24, 2011, 12:11:04 AM »

Paging Bades...

smurf · « **Reply #44 on:** August 24, 2011, 12:25:05 AM »

Quote from: bubkiz on August 24, 2011, 12:10:21 AM

I will be buying car insurance very soon. What are the coverage amounts I should be getting?
Also, is AAA insurance recommended?

Are you wondering about AAA's prices or service?
Price wise it'll depend on your situation my friend just got a great price from them while I was quoted more then double what I'm paying now with Progressive.

shach · « **Reply #45 on:** October 06, 2011, 07:37:49 PM »

is there a course that can be taken quickly(e.g.where you can speed up at your own pace, not be forced to take the course with a time minimum) to reduce points?

yaakov s · « **Reply #46 on:** October 06, 2011, 08:06:56 PM »

Part of the course is to learn how to be patient

shach · « **Reply #47 on:** October 06, 2011, 10:55:54 PM »

Quote from: yaakov s on October 06, 2011, 08:06:56 PM

Part of the course is to learn how to be patient

i waited a two hours...now

sky121 · « **Reply #48 on:** October 06, 2011, 10:58:10 PM »

Quote from: yaakov s on October 06, 2011, 08:06:56 PM

Part of the course is to learn how to be patient

lol

sguitarist18 · « **Reply #49 on:** October 07, 2011, 12:23:48 AM »

If you take one online, you can read during the boring parts.

mercaz1 · « **Reply #50 on:** October 07, 2011, 11:35:35 AM »

you have to find a place that will just sign off that you took the course and then it takes 10 minutes

there used to be a place in queens not sure if they are still around

shach · « **Reply #51 on:** October 07, 2011, 11:43:23 AM »

i once took a course for geico where i was able to "click" through the whole course within 15 min., whereas when a difficult q arose i would click back for the answer. yet to reduce points i haven't found such a test. they all advertise no final exams and that means the time of the course is "enforced"

elikay · « **Reply #52 on:** January 09, 2012, 10:12:28 PM »

I have a couple of questions/statements.
1.- Is there any reason to get uninsured motorist coverage if you have collision/comprehensive/PIP?
2.- Is there any reason to get uninsured motorist coverage for more than the value of your car?
3.- Any reason to buy PIP if you have health insurance which includes accidents?
And, if the answer to all of the above is no (as I'd assume), then:
4.- Any reason why (some?) states require you to get PIP even if you have health insurance (although only as secondary)?
5.- Any reason why (some?) states require you to get uninsured motorist protection even though PIP is already required!?
6.- Any reason why (some?) states require you to get uninsured motorist protection even if you have collision coverage (although only as secondary)?

smurf · « **Reply #53 on:** January 09, 2012, 10:38:55 PM »

Quote from: elikay on January 09, 2012, 10:12:28 PM

I have a couple of questions/statements.
1.- Is there any reason to get uninsured motorist coverage if you have collision/comprehensive/PIP?
2.- Is there any reason to get uninsured motorist coverage for more than the value of your car?
3.- Any reason to buy PIP if you have health insurance which includes accidents?
And, if the answer to all of the above is no (as I'd assume), then:
4.- Any reason why (some?) states require you to get PIP even if you have health insurance (although only as secondary)?
5.- Any reason why (some?) states require you to get uninsured motorist protection even though PIP is already required!?
6.- Any reason why (some?) states require you to get uninsured motorist protection even if you have collision coverage (although only as secondary)?

In regards to 1 and 2,
1- A friend of mine got his car totaled by an uninsured driver, the uninsured driver coverage he had wasn't enough to cover the cost of his car so it had to comeout of his collision which fwiu isn't good for your rates.
2- Also the accident caused damage to another car which also had to be payed out of his insurance.
Typically the uninsured coverage isn't too high of a premium so it's probably worth it to cover yourself JIC.

elikay · « **Reply #54 on:** January 18, 2012, 12:34:11 AM »

Quote from: smurf on January 09, 2012, 10:38:55 PM

In regards to 1 and 2,
1- A friend of mine got his car totaled by an uninsured driver, the uninsured driver coverage he had wasn't enough to cover the cost of his car so it had to comeout of his collision which fwiu isn't good for your rates.

I figured so and have confirmed with an insurance agent. But if you do as stated in number 2 (uninsured motorist equal or more than value of car) you'd be ok.

Quote from: smurf on January 09, 2012, 10:38:55 PM

2- Also the accident caused damage to another car which also had to be payed out of his insurance.
Typically the uninsured coverage isn't too high of a premium so it's probably worth it to cover yourself JIC.

Obviously it was his fault, otherwise they would not be going after his insurance. In that case his liability insurance is where it came from.

Yeki89 · « **Reply #55 on:** February 27, 2012, 10:26:37 AM »

This question was always on my mind, and I was just able to clarify it. I felt compelled to share it with the oilam.
If someone has a NY License, and gets tickets in NJ (or any other state) dors the insurance company find out about it and raise the rates.
The answer NO. As the ticket never sticks to your record. (I just applied for car insurance, (Gieco) I'm paying for one car with three driver $550 for 6 months.)
A tip to get your rate lower, ask for discounts. I got a good student discount of $55! plus it you take the online driving course for $19 you save $22 every 6 months for 3 years! They also have long timne driver discounts, marriage discounts, as well as a few policy discount i.e. renters insurance+driving.
The only thing I'm still curious about, if I would transfer my NY license into a NJ one, would my tickets come up Limaphraya?

Saver2000 · « **Reply #56 on:** February 27, 2012, 10:43:34 AM »

Quote from: yeki89 on February 27, 2012, 10:26:37 AM

This question was always on my mind, and I was just able to clarify it. I felt compelled to share it with the oilam.
If someone has a NY License, and gets tickets in NJ (or any other state) dors the insurance company find out about it and raise the rates.
The answer NO. As the ticket never sticks to your record. (I just applied for car insurance, (Gieco) I'm paying for one car with three driver $550 for 6 months.)
A tip to get your rate lower, ask for discounts. I got a good student discount of $55! plus it you take the online driving course for $19 you save $22 every 6 months for 3 years! They also have long timne driver discounts, marriage discounts, as well as a few policy discount i.e. renters insurance+driving.
The only thing I'm still curious about, if I would transfer my NY license into a NJ one, would my tickets come up Limaphraya?

Sounds good but what's your source? Insurance broker? Personal experience?

Also, does this apply to all states? (E.g. I recently got a ticket in Cleveland with a NJ license. Will that show up?)

Yeki89 · « **Reply #57 on:** February 27, 2012, 11:03:09 AM »

Personal experience, so I can only verify NY license with NJ tickets.

HelpMe · « **Reply #58 on:** February 27, 2012, 11:20:15 AM »

"All States as of 2005 are Required through New Federal Regulation to comply with and make available to all other states reciprocal driver records."

Yeki89 · « **Reply #59 on:** February 27, 2012, 12:10:03 PM »

funny that my rates wernt raised

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Author Topic: Car Insurance Master Thread (Read 398874 times)