Car Insurance Master Thread

[Dan]

I'm crying inside.

CLE looks better and better every day, even though where I'm from (not where I am now) it's gotta be similar, but I didn't think it was that good.

I didn't even think that was possible for a new car.

Cleveland rocks, that's what I've been telling you guys

[AJK]

To qualify and clarify, the reason I suggest raising your deductible to $1000 is because insurance, in my view, is for "holy crap" issues, not issues where the driver will incur $500-1000 or even $2000 in charges.

Making a claim for anything in that range will more than eat up (over a lifetime) any savings from having a lower deductible.

I wouldn't even consider making a claim for less than $3,000, which is why I'd say save the money and raise your deductible.

[Dan]

To qualify and clarify, the reason I suggest raising your deductible to $1000 is because insurance, in my view, is for "holy crap" issues, not issues where the driver will incur $500-1000 or even $2000 in charges.

Making a claim for anything in that range will more than eat up for savings from having a lower deductible.

I wouldn't even consider making a claim for less than $3,000, which is why I'd say save the money and raise your deductible.

Agreed, have to be crazy to make a small claim. The only problem comes if say $4K in damages occur c"v that only $3K would be covered.

[KidOOO]

That's what I pay for 6 months on my Altima

That's insain

[jj1000]

To qualify and clarify, the reason I suggest raising your deductible to $1000 is because insurance, in my view, is for "holy crap" issues, not issues where the driver will incur $500-1000 or even $2000 in charges.

Making a claim for anything in that range will more than eat up (over a lifetime) any savings from having a lower deductible.

I wouldn't even consider making a claim for less than $3,000, which is why I'd say save the money and raise your deductible.

Smart!

[AJK]

Agreed, have to be crazy to make a small claim. The only problem comes if say $4K in damages occur c"v that only $3K would be covered.

As opposed to $3500...  I mean, we're not talking a tremendous amount of money here.

Truth be told, even for $3500, I may not make a claim. You'll pay significantly more than that over the course of a lifetime if you end up making that claim. As I said, and as I believe, insurance is for "holy crap" issues, bli eiyin hara, lo aleinu.

[aussiebochur]

Now that I'm looking at it I can lower my 6 month premium from $277.45 to $233.42 if I change my deductible to $1,000.

Think I should do that?  What do others here carry?

What do you reckon the chances of making a claim over $1000 in 5+ years is?

[AJK]

What do you reckon the chances of making a claim over $1000 in 5+ years is?

If it was that simple to calculate, he'd have his answer

[Dan]

As opposed to $3500...  I mean, we're not talking a tremendous amount of money here.

Opposed to $3,900 for what I carry now for comprehensive, but I think you have me convinced.

So how much coverage do others here carry?

[AJK]

Opposed to $3,900 for what I carry now for comprehensive, but I think you have me convinced.

So how much coverage do others here carry?

As in limits or in deductibles?

As for the latter, I practice what I preach

[Dan]

As in limits or in deductibles?

As for the latter, I practice what I preach

Both.

[aussiebochur]

If it was that simple to calculate, he'd have his answer

If youve driven for ten years and never made a claim, you would probably say definitely raise it.

If youre someone thats made 5 claims in 10 years, maybe not.

[aussiebochur]

To qualify and clarify, the reason I suggest raising your deductible to $1000 is because insurance, in my view, is for "holy crap" issues, not issues where the driver will incur $500-1000 or even $2000 in charges.

Making a claim for anything in that range will more than eat up (over a lifetime) any savings from having a lower deductible.

I wouldn't even consider making a claim for less than $3,000, which is why I'd say save the money and raise your deductible.

Btw, do claims made to cc company on rentals have an effect on regular insurance policies?

[AJK]

Both.

I'd rather not discuss limits in public. If you're interested feel free to PM.

If youve driven for ten years and never made a claim, you would probably say definitely raise it.

If youre someone thats made 5 claims in 10 years, maybe not.

I'd imagine most people would fall between those two sides of the spectrum... perhaps Dan is on one or the other? If so, I'd agree.

[Dan]

If youve driven for ten years and never made a claim, you would probably say definitely raise it.

If youre someone thats made 5 claims in 10 years, maybe not.

Never made a claim in my 11 years of driving.

My new policy is below, $38.90/month, thanks guys!

[AJK]

Btw, do claims made to cc company on rentals have an effect on regular insurance policies?

You mean if you're using your personal insurance as a means to make the rental company whole? Why wouldn't they?

Never made a claim in my 11 years of driving.

My new policy is below, $38.90/month, thanks guys!

What a complete and utterly ridiculous joke.

[aussiebochur]

Never made a claim in my 11 years of driving.

My new policy is below, $38.90/month, thanks guys!

Good choice.

If you never made a claim as a bochur, Id it would be very infrequent after getting married having a kid/s.

[Dan]

Btw, do claims made to cc company on rentals have an effect on regular insurance policies?

It would assume it wouldn't as long as you didn't have to make a claim with your own insurance and there's no police report.

[aussiebochur]

You mean if you're using your personal insurance as a means to make the rental company whole? Why wouldn't they?

What a complete and utterly ridiculous joke.

No, I mean if theres damage done to the rental vehicle and the cc company pays out the rental company. No involvement of your insurance company.

[Dan]

What a complete and utterly ridiculous joke.

And I wonder if it will fall further when my wife turns 25?