The Auto Insurance Thread

[JGood]

the most convoluted thread ever. No baseline, no standardization. Just useless information.

Lets try this again

post your

- DD v. Weekend (historic tag?)
- only car v. second, third, or fourth
- age and are you insured under your parents or yourself?
- full coverage v. liability
- mod coverage? N/A for some
- yearly payment
- deductible.

I mean you can insured your car as a parts car for 50 dollar a year if you want ot post that, but wtf is the point of this thread if everyone just post random number. If your deductible is 500 bucks, of-course you will pay next to nothing yearly.

Maybe you missed my post. You are missing half the details as well. Just the tort selection will change your rates by a few hundred dollars a year.

You need to know:

-Full tort or limited tort
-Stacked or unstacked
-Bodily injury & property damage (50/100/50, etc...)
-Uninsured motorist
-Underinsured motorist
-Medical expense
-Income loss
-Accidental death
-Funereal benefits
-Comprehensive? Deductible?
-Collision? Deductible?
-Lease payoff
-Rental
-Roadside

Discounts- multi-policy, homeowner, driving record, etc...

Not only this, but policy's will vary greatly depending on location. If I moved 2 hours away to NJ, my rates would probably be double.

Tort and stacked really impact costs. Nobody EVER mentions them...

[SamE30e]

Here comes the shitty Canadian car insurance.

-Daily driver
- 1 $million coverage
- Liablity only
- 2 speeding tickets
- 2 accidents within a span of 5 years

$320 a month.

[2002maniac]

We have full comp and collision on our 2003 Subaru OBS with 200 deductible. Minimum coverage on the E30.

$134/month through Geico

[325i_Medic]

USAA:

08 GMC Sierra, 06 BMW X3, 87 325i

25/50/25 Liability
$5000 Medical Payments
Uninsured Motorists Bodily Injury 25/50
Comp/Collision $500 Deductible

On the GMC and X3 I get DRL, Anti-Theft, Multi-Car, Premier Driver, and Vehicle Experience Discounts

325i I get a mileage, and multi-car

$271.89 a month, We also have homeowners and a valuables policy.

Of course, this is in Louisiana, we have the 2nd highest insurance plus have to pay an additional surcharge for the state run "insurer of last resort"

[Jon325i]

OK....here's my info:

Car: 1991 325i 2dr, 5 spd
Carrier: Progressive
Covered For: Liability & Uninsured Motorist
Mileage Allotment: 5,000/yr. (my mountain bike is my commuter now)

Coverage Limits:
Bodily Injury: $15K per person / $30K per accident
Property Damage: $10K per accident
Uninsured (Underinsured) Motorist: $15K per person / $30K per accident
Uninsured Motorist Property Damage: $3.5K per accident

My cost annually: $606 ($50.50 a month).


Jon

[Bimmerman325i]

I'm trying to make this as detailed as I can, so let me know if there's more info I should add.

Me: 21 year old college student.
Cars insured under: My name only.
Cars: 95 BMW M3, 89 BMW 325i, 95 Subaru Legacy AWD
Carrier: Amica Mutual
Covered for: Liability, Collision and Comprehensive (M3 only), Uninsured motorist
Car Usage: doesn't matter, they all get about the same mileage regardless of "use"

Coverage Limits:
Bodily Injury: $250K per person / $500K per accident
Property Damage: $100K per accident
Medical Coverage above/beyond: $5000
Uninsured (Underinsured) Motorist: $250K per person / $500K per accident
Uninsured Motorist Property Damage: $100K per accident
Mod insurance: $1500
Deductible: $500

No idea on tort or stacked. Probably full tort and non-stacked?

Other:
Roadside/towing: I have that through AAA
Accidental death: No, I have that through ASME
Funeral: Assumed through ASME
Lease Payoff: no idea, irrelevant for my situation and cars.
Rental: no clue, probs not.

Discounts: No tickets, good student, multi car

My cost annually, for all three: ~$2000. It costs me a good amount to have such high levels, and I could easily save a load of money by dropping to the minimum requirements. However, considering how quickly costs balloon in case of an accident, I gladly will pay the extra grand a year to be significantly more protected.

I also have an umbrella policy that goes way above those limits in case I get sued, this way the insurance company fights for me, not settles and leaves me high and dry. Also note: CO is an at-fault state, and only requires $25k/50k/15k.

Amica is also an awesome company to be with. I got hit by a woman driver on her way home from the DMV (she turned left in front of my Suburban, which obviously can't stop soon, she was found at fault, etc). Amica called the next day to let us know they were handling it, and that we wouldn't be charged anything (at the time, mom's SUV). My family used to use State Farm, and the times we needed their help they were notoriously difficult to get any money from. Not so for Amica, so the higher cost from the carrier's well worth it IMO.

[JGood]

I'm trying to make this as detailed as I can, so let me know if there's more info I should add.

Me: 21 year old college student.
Cars insured under: My name only.
Cars: 95 BMW M3, 89 BMW 325i, 95 Subaru Legacy AWD
Carrier: Amica Mutual
Covered for: Liability, Collision and Comprehensive (M3 only), Uninsured motorist
Car Usage: doesn't matter, they all get about the same mileage regardless of "use"

Coverage Limits:
Bodily Injury: $250K per person / $500K per accident
Property Damage: $100K per accident
Medical Coverage above/beyond: $5000
Uninsured (Underinsured) Motorist: $250K per person / $500K per accident
Uninsured Motorist Property Damage: $100K per accident
Mod insurance: $1500
Deductible: $500

No idea on tort or stacked. Probably full tort and non-stacked?

Other:
Roadside/towing: I have that through AAA
Accidental death: No, I have that through ASME
Funeral: Assumed through ASME
Lease Payoff: no idea, irrelevant for my situation and cars.
Rental: no clue, probs not.

Discounts: No tickets, good student, multi car

My cost annually, for all three: ~$2000. It costs me a good amount to have such high levels, and I could easily save a load of money by dropping to the minimum requirements. However, considering how quickly costs balloon in case of an accident, I gladly will pay the extra grand a year to be significantly more protected.

I also have an umbrella policy that goes way above those limits in case I get sued, this way the insurance company fights for me, not settles and leaves me high and dry. Also note: CO is an at-fault state, and only requires $25k/50k/15k.

Amica is also an awesome company to be with. I got hit by a woman driver on her way home from the DMV (she turned left in front of my Suburban, which obviously can't stop soon, she was found at fault, etc). Amica called the next day to let us know they were handling it, and that we wouldn't be charged anything (at the time, mom's SUV). My family used to use State Farm, and the times we needed their help they were notoriously difficult to get any money from. Not so for Amica, so the higher cost from the carrier's well worth it IMO.

Definitely looks good, although I'd get a qoute on going to stacked and lowering your 250/500/100 coverage to something like 100/300/50. You'd have much better coverage compared to what you have now (it would be 300/900/150), and it would be cheaper. I haven't ever seen an instance where multiple vehicles using stacked with lower rates is more expensive then unstacked with higher rates.

[Bimmerman325i]

Definitely looks good, although I'd get a qoute on going to stacked and lowering your 250/500/100 coverage to something like 100/300/50. You'd have much better coverage compared to what you have now (it would be 300/900/150), and it would be cheaper. I haven't ever seen an instance where multiple vehicles using stacked with lower rates is more expensive then unstacked with higher rates.

What exactly is stacking then? If I get in an accident with one of the cars, does the tripled coverage still apply? I'm looking into whether I have it or the full tort, but no answers as of yet.

[mcr_driver]

+1 on stacked and torted never heard of this..

i'm paying 2600 a year for my e46,e30 and my gf's celica gt-s. two drivers one clean record one with 2-3 points with progressive.

[westyat7000]

What exactly is stacking then? If I get in an accident with one of the cars, does the tripled coverage still apply? I'm looking into whether I have it or the full tort, but no answers as of yet.

In Colorado I believe that only uninsured motorist stacks from your other cars, liability does not. Also, your insurance company may not let you reduce your liability imits due to your personal liabiltiy umbrella policy, they may require such high limits.
Don't take my word for it though, call your agent.

Most people don't have high enough liability limits. I'm with you Bimmerman, high limits and a PLUP.

[JGood]

In Colorado I believe that only uninsured motorist stacks from your other cars, liability does not. Also, your insurance company may not let you reduce your liability imits due to your personal liabiltiy umbrella policy, they may require such high limits.
Don't take my word for it though, call your agent.

Most people don't have high enough liability limits. I'm with you Bimmerman, high limits and a PLUP.

Agreed.

Any info on tort? From what I understand, you can still sue for pain and suffering, you just need a lawyer, your car insurance won't cover it.

[selturk]

I now pay, being 21 for a 318is. 63$ a month for liability, comp, theft on stereo ish...

which company..?

[Bimmerman325i]

In Colorado I believe that only uninsured motorist stacks from your other cars, liability does not. Also, your insurance company may not let you reduce your liability imits due to your personal liabiltiy umbrella policy, they may require such high limits.
Don't take my word for it though, call your agent.

Most people don't have high enough liability limits. I'm with you Bimmerman, high limits and a PLUP.

Exactly, any lower and I lose the umbrella policy. I figure the extra protection afforded by it is worth the extra dollars. I don't know on the stacking but I bet you're right on that.

[westyat7000]

Agreed.

Any info on tort? From what I understand, you can still sue for pain and suffering, you just need a lawyer, your car insurance won't cover it.

With tort there is a determination of fault in an accident. The party at fault pays medical expenses to the injured party. I'm not sure if that includes pain and suffering. I guess if it isn't covered you could sue, but your attorney is going to get a big chunk of any settlement. If it were covered by the at faults insurance I guess it would still be subject to their policy limits. (if they have any insurance at all)

*Disclaimer*I'm not licensed to sell insurance, and I'm not an attorney. I stongly recomend people speak to their inurance agent and make sure they have the coverage that they need, not just the cheepest.

I don't like paying for insurance, but I also like knowing that I wont lose everything if I am in an accident at fault or not.