Cost of (6 month) Car Insurance? Cost of (6 month) Car Insurance? - Page 2 - Talk of The Villages Florida

Cost of (6 month) Car Insurance?

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  #16  
Old 10-31-2023, 04:19 PM
retiredguy123 retiredguy123 is online now
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Originally Posted by tophcfa View Post
Those reasons aren’t a big factor on an older vehicle, what’s more important is the book value. Insurers aren’t going to pay out any more than book regardless of what it costs to fix a vehicle.
That is true for collision and comprehensive insurance. But, when I traded in a 13 year old car for a new vehicle, my total insurance premium actually went down because of a lower liability rate.
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Old 10-31-2023, 11:14 PM
Gatorfan1 Gatorfan1 is offline
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Default Milewise Auto

Got mine with Emery Abshier Allstate. I put 6,000 miles a year on my vehicle.The Milewise program changes me a per mile rate. With 100/300 BI, 300,000 property damage, UM 100/300, Med Pay 5,000, Comprehensive with -0- ded, Collision 500 ded, rental and towing my premium runs $450 for six months. Call their office for a quote. Very knowledgeable, friendly office.
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Old 11-01-2023, 05:00 AM
Babubhat Babubhat is offline
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Those liability coverages are too low for people with a decent amount of assets. It doesn’t cost much to increase the limits.
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Old 11-01-2023, 05:44 AM
William MacEntee William MacEntee is offline
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Originally Posted by Babubhat View Post
500 to 600 for 6 months full coverage.

10 percent increase each renewal not unusual today with a clean record. Over 25 percent of drivers are uninsured in Florida and they walk with 500 bonds repeatedly in that other news site.

Shop your policy every year.
To shop your auto insurance policy every year, can you do this on the Internet, or do you have to actually call agents from other companies?
  #20  
Old 11-01-2023, 05:46 AM
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Originally Posted by Babubhat View Post
Those liability coverages are too low for people with a decent amount of assets. It doesn’t cost much to increase the limits.
True. But, note that you may need a separate umbrella policy to increase the liability limits. That will increase your cost. I found that many auto insurance companies will only sell you liability coverage of up to $250k. I have $1 million in liability with State Farm, but Geico maxed out at $250k. Also, the $100k per person coverage for uninsured motorists insurance is almost totally worthless if you ever sue the company for "pain and suffering". Someone like Dan Newlin would probably not even take the case for that low amount. I don't bother buying any UM coverage because it is not worth the cost.
  #21  
Old 11-01-2023, 06:22 AM
jacqueline larsen jacqueline larsen is offline
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I pay a horrendous amount of 3,000/year to State Farm which includes safe driver discount for a new 2023 Toyota RAV4 and I’m 85 years old.
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Old 11-01-2023, 07:32 AM
Whitley Whitley is offline
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Originally Posted by Gladys Turnip View Post
The car is a mid-size sedan (think Toyota Camry). And while knowing what others pay would be somewhat help, perhaps the better way to ask the question is: Has YOUR auto insurance premium sky-rocketed in the past 2-3 years?
I had geico for over 20 years. This year they hit me with a huge increase. I got a quote from Allstate that was a bit over one half of what I was paying to Geico. I called Geico, told them about the competing quote, we discussed my 20+ years of being with them, one deer collision in the 1990's. They couldn't have cared less. I switched to AllState. Better coverage for just over 1/2 the cost. I am sure there are reasons, but they are beyond me.
  #23  
Old 11-01-2023, 08:04 AM
Babubhat Babubhat is offline
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Originally Posted by William MacEntee View Post
To shop your auto insurance policy every year, can you do this on the Internet, or do you have to actually call agents from other companies?
Both. Villages insurance and other independent brokers can shop multiple companies. Takes 5 minutes
  #24  
Old 11-01-2023, 10:12 AM
OhioBuckeye OhioBuckeye is offline
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Gladys, tickets aren’t the whole story behind Ins.? Ask your Ins. Company, accidents in your area has a lot to do with it too. You know EV’s & the expense of owning one will drive up your Ins. rates. Just a little speculation your Ins. will go up next yr. & maybe beyond. Don’t care if anyone agrees with me or not, they will!
  #25  
Old 11-01-2023, 03:51 PM
bimmertl bimmertl is offline
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Originally Posted by retiredguy123 View Post
True. But, note that you may need a separate umbrella policy to increase the liability limits. That will increase your cost. I found that many auto insurance companies will only sell you liability coverage of up to $250k. I have $1 million in liability with State Farm, but Geico maxed out at $250k. Also, the $100k per person coverage for uninsured motorists insurance is almost totally worthless if you ever sue the company for "pain and suffering". Someone like Dan Newlin would probably not even take the case for that low amount. I don't bother buying any UM coverage because it is not worth the cost.
For starters you don't have to sue the insurance company for UM benefits. Just as you don't have to sue them for collision benefits or any other first party coverage benefits.

So let's assume an 80 year old person has two broken legs and other assorted injuries caused by and uninsured motorist. Value clearly worth 100K or more. Call big Dan Newlin. He calls insurance carrier and gets 100k in about 1 hour and keeps $33,000. In such a case any individual can get the 100K with out Dan's "hard work"!

There is no amount too low for a plaintiff attorney to pass up! And everybody needs UM coverage.
  #26  
Old 11-01-2023, 04:30 PM
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Originally Posted by bimmertl View Post
For starters you don't have to sue the insurance company for UM benefits. Just as you don't have to sue them for collision benefits or any other first party coverage benefits.

So let's assume an 80 year old person has two broken legs and other assorted injuries caused by and uninsured motorist. Value clearly worth 100K or more. Call big Dan Newlin. He calls insurance carrier and gets 100k in about 1 hour and keeps $33,000. In such a case any individual can get the 100K with out Dan's "hard work"!

There is no amount too low for a plaintiff attorney to pass up! And everybody needs UM coverage.
I appreciate your input. But, in a case of two broken legs and other injuries, wouldn't my health insurance company be first in line to collect that $100k for medical bills? In my case, I have an annual $6,000 catastrophic limit on my health insurance after which, I pay zero money out of pocket. That is the most I can ever pay for medical treatment in a year. So, how would I benefit from having $100k in UM coverage, most of which would go to my health insurance company for medical bills? There would be no money left over for a pain and suffering claim.
  #27  
Old 11-02-2023, 09:57 AM
bimmertl bimmertl is offline
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Originally Posted by retiredguy123 View Post
I appreciate your input. But, in a case of two broken legs and other injuries, wouldn't my health insurance company be first in line to collect that $100k for medical bills? In my case, I have an annual $6,000 catastrophic limit on my health insurance after which, I pay zero money out of pocket. That is the most I can ever pay for medical treatment in a year. So, how would I benefit from having $100k in UM coverage, most of which would go to my health insurance company for medical bills? There would be no money left over for a pain and suffering claim.
Recovery rights of Medicare and any health care provider are solely against the liable party. They have no rights of recovery against any first party coverages purchased by an injured party, to protect their interests. So they don't have access to your UM benefits.
  #28  
Old 11-19-2023, 11:26 PM
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I had a long talk with a national Progressive agent. He told me New York state and Florida have (on average) the highest rates in the country. He said it was due to the high percentage of non English speaking illegal aliens driving without insurance or licenses.
  #29  
Old 11-20-2023, 06:00 AM
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Originally Posted by spd2918 View Post
I had a long talk with a national Progressive agent. He told me New York state and Florida have (on average) the highest rates in the country. He said it was due to the high percentage of non English speaking illegal aliens driving without insurance or licenses.
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  #30  
Old 11-20-2023, 02:53 PM
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Quote:
Originally Posted by jacqueline larsen View Post
I pay a horrendous amount of 3,000/year to State Farm which includes safe driver discount for a new 2023 Toyota RAV4 and I’m 85 years old.
That number (85) is the reason. Bet you had a big jump in premiums at 80 and 75 too. It's a step function premium. Wait 'til you get to 90!!!!

Mine went up 30% this year. My independent agent shopped around and I went online too. Still no better deal out there. Progressive, Allstate, State Farm, AARP Hartford and GEICO were way off the mark.

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