Talk of The Villages Florida - View Single Post - Car insurance rates just had their biggest annual jump in 47 years.
Thread: Car insurance rates just had their biggest annual jump in 47 years.
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Old 09-14-2023, 06:55 PM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Rainger99 View Post
I have a 12 month policy.

Bodily injury liability, $250/500 - $362
Property damage liability, $100K - $129
Medical Payments - $20
Uninsured - $250/500 - $227
Comprehensive, $500 ded - $54
Collision, $500 ded - $173
No fault, mandatory - $83
Extended no fault - $16
Extended Transportation - $20
Roadside Assistance - $22

Total $1106.00

It looks like I could save $263 by dropping med pay, uninsured, and extended no fault. Do most people have those coverages??
In my opinion, I would drop those and the extended transportation and the roadside assistance. I could be wrong, but I have heard that filing a claim for something like roadside assistance can affect your overall premium. Why not just buy AAA? I think most people have uninsured motorist insurance because they moved from a state where it is mandatory, and many people don't even know what it does and doesn't cover. The most common misconception is that it provides liability coverage, which it doesn't.