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Which Insurance Broker would you recommend:

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
« Last edited by YSP on March 06, 2019, 03:07:10 PM »

Poll

How much liability insurance do you think is prudent?

Statutory minimum
32 (16.3%)
100k
47 (24%)
200k
10 (5.1%)
300k
58 (29.6%)
500k
26 (13.3%)
750k
1 (0.5%)
1m
14 (7.1%)
more than 1m
8 (4.1%)

Total Members Voted: 196

Author Topic: Car Insurance Master Thread  (Read 152132 times)

Offline Shlomo1

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Re: Car Insurance Master Thread
« Reply #1080 on: April 24, 2019, 05:13:27 PM »
You had a license, so you were a driver the entire time. Policy coverage is for the driver, vehicle coverage is for a vehicle. Policy coverage is for damage you do as a driver regardless of whose vehicle (e.g. rental, friend's, etc), and you allowed that to lapse.
They won't give policy coverage if you don't have a vehicle to insure.

Offline Definitions

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Re: Car Insurance Master Thread
« Reply #1081 on: April 24, 2019, 05:28:17 PM »
If you get this policy, you will become one of the Underinsured Motorists on the road who are the reason we buy that UM coverage. CH"V any accident occurs that's bigger than a fender bender and the costs will be over the policy limits. Which means that you are personally on the hook for the excess. You might not care about this. Also, if you are poor then it might not actually cost anything even in the worst case. But them's the facts at least.

Medical coverage for accidents is a little scary. If your health insurance policy excludes coverage of motor vehicle related medical needs, that means they will deny any medical bills that are in any way related to an injury from a vehicle. Health insurance companies are all-stars at denying claims, so there's no telling how broadly they will interpret their own exclusions. Your choices are either buy coverage from your car insurance provider or you're accepting the risk on yourself.

Limited tort is a thing NJ introduced a while back that means you agree not to sue excessively even if you have a valid claim (like for pain and suffering). If you don't agree to it (and choose unlimited tort) your premiums will be breathtakingly higher.
Thanks for taking the time to write this. I ended up getting a different policy so if we crash we should be fine :)
Honestly I don't think a $25k limit is that risky. Unless you get into a multicar crash I'm going to guess it should cover most cars if not two.

About the medical insurance thing I still don't understand this at all. If they want to cover health related things why in the world is getting into a crash different than getting injured from playing basketball?

Tort. Why does my insurance company care if I sue someone else?
You probably went overkill on the property damage, but everything else is nice and reasonable. A bit surprising that you elected Comprehensive and Towing after saying you don't care about your car, but at ~$5/mo it's no big deal.
The insurance agent I used didn't deal with anything lower than $100k so I didn't bother. Comprehensive- I figured it's worth it if the windshield breaks. (Does a comprehensive claim raise rates?)

The only thing I'm worried about is that the car won't last for a year :) if I cancel insurance is that considered a lapse even if I give in my plates?
Jack of all trades, master of none.

Offline yos9694

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Re: Car Insurance Master Thread
« Reply #1082 on: April 25, 2019, 10:49:31 AM »
Honestly I don't think a $25k limit is that risky. Unless you get into a multicar crash I'm going to guess it should cover most cars if not two.

About the medical insurance thing I still don't understand this at all. If they want to cover health related things why in the world is getting into a crash different than getting injured from playing basketball?

Tort. Why does my insurance company care if I sue someone else?

I wasn't referring to the $25k property limit as underinsured, I meant the liability coverage.

The medical insurance thing is like any other type of exclusion, they don't have to be logical.

The extra cost for full tort isn't because your insurance company will have higher costs from your right to sue. But by choosing full tort you are increasing the expected costs for the system (because you can sue much more liberally, and insurance companies are the ones who ultimately pay) so you need to pay for that privilege. From the insurance company's perspective it's all pooled money anyway so they don't care that you pay for everyone else's full tort and everyone else who chose full tort is paying a tiny bit for you... it all balances out. Also, regulations explicitly require full tort to cost more.

Offline nescafe

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Re: Car Insurance Master Thread
« Reply #1083 on: April 25, 2019, 12:45:08 PM »
Yes so I've learned. Personally, I think its crazy. I dont think most are aware of this. Know of a solution?
No solution AFAIK. I ended up going with Geico which was the cheapest quote I got (by thousands of dollars from some other quotes)

Offline yos9694

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Re: Car Insurance Master Thread
« Reply #1084 on: April 25, 2019, 12:49:02 PM »
They won't give policy coverage if you don't have a vehicle to insure.

But if you already have insurance, can you cancel just the vehicle coverages?

Offline Therebbesbocher

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Re: Car Insurance Master Thread
« Reply #1085 on: May 02, 2019, 09:32:28 PM »
I am looking into getting insurance for the first time and had some questions, any help would be greatly appreciate.
1. I had an accident 2 years ago (out of state and on someone else's insurance) and there was a police report and insurance paid for it, but it not on my driving record that I pulled from the dmv. Would this accident still affect my rate?
2. How does lapsed insurance work? If i get now for a year and then don't have for a while, will my rates be very high the next time around like a new driver?
3.can I register and insure a car to a different address and state than my license (if I have proof of residency in the other address)?
  TIA



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Offline nescafe

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Re: Car Insurance Master Thread
« Reply #1086 on: May 02, 2019, 09:53:39 PM »
I am looking into getting insurance for the first time and had some questions, any help would be greatly appreciate.
1. I had an accident 2 years ago (out of state and on someone else's insurance) and there was a police report and insurance paid for it, but it not on my driving record that I pulled from the dmv. Would this accident still affect my rate?
2. How does lapsed insurance work? If i get now for a year and then don't have for a while, will my rates be very high the next time around like a new driver?
3.can I register and insure a car to a different address and state than my license (if I have proof of residency in the other address)?
  TIA
A lapse of over 30 days is considered a new driver

Offline Therebbesbocher

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Re: Car Insurance Master Thread
« Reply #1087 on: May 02, 2019, 10:48:56 PM »
A lapse of over 30 days is considered a new driver
Thanks, how can I avoid that? Keep insurance without a car (if that's even possible)? Be added to someone's else's policy?

Arguing on DDF is like getting arrested, everything you say can and will be used against you, so just remain silent!!

Offline nescafe

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Re: Car Insurance Master Thread
« Reply #1088 on: May 03, 2019, 06:13:15 PM »
Thanks, how can I avoid that? Keep insurance without a car (if that's even possible)? Be added to someone's else's policy?
Being added to someone's policy should solve the problem

Offline teetle

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Re: Car Insurance Master Thread
« Reply #1089 on: May 04, 2019, 11:24:44 PM »
anyone with recent dp's on a rate for just liability in Brooklyn

Offline Shlomo1

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Re: Car Insurance Master Thread
« Reply #1090 on: May 05, 2019, 01:51:07 AM »
Being added to someone's policy should solve the problem
Thanks, how can I avoid that? Keep insurance without a car (if that's even possible)? Be added to someone's else's policy?
I'm experiencing a similar problem. When adding to some else's policy, does he have to be part of the same household or can add to anyones policy?

Online Luvisrael

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Re: Car Insurance Master Thread
« Reply #1091 on: May 10, 2019, 12:36:56 AM »
My Geico premium just spiked over $100 for a no pointer ticket! Yikes, I need a new policy... Any agents on here who can help? in NJ...

Offline shapsam

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Re: Car Insurance Master Thread
« Reply #1092 on: May 12, 2019, 01:19:01 AM »
My Geico premium just spiked over $100 for a no pointer ticket! Yikes, I need a new policy... Any agents on here who can help? in NJ...
Which ticket?

Offline palm tights

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Re: Car Insurance Master Thread
« Reply #1093 on: May 12, 2019, 04:15:35 AM »
My Geico premium just spiked over $100 for a no pointer ticket! Yikes, I need a new policy... Any agents on here who can help? in NJ...
Geico is the most expensive auto insurance company out there

I changed to Adirondack and saved me about $5000 a year

Online Luvisrael

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Re: Car Insurance Master Thread
« Reply #1094 on: May 12, 2019, 08:23:23 AM »
Which ticket?
not obeying a traffic device. I was told by both the cop and 2 lawyers that it won’t affect my premium because it carries no points but alas!