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 09-15-2023, 09:46 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by JRcorvette View Post
Umbrella insurance is a lot cheaper…. Just saying.
The last time I checked, it was more expensive. Also, to be eligible for an umbrella policy, I had to max out my auto and homeowner's liability limits. But, since I already have $1 million in liability coverage on my auto insurance, what would be the point of buying an umbrella policy, unless I needed more than a million? I have $500K liability coverage on my homeowner's policy, which I consider adequate. Also, what happens to the umbrella policy if you switch companies for either your home or auto policies? When they raise my rates, I shop around.