Originally Posted by red rose (Post 2257162)

do you have nathan thomas’s phone number at state farm? I would like to get a quote from him. Thank you.

Originally Posted by retiredguy123 (Post 2257164)

352-748-5272

Originally Posted by Blueblaze (Post 2256530)

I was so outraged at my rate hike this year, I decided to cancel everything except the legally-required liability insurance. My car is paid for, and I can afford to replace it, so why was I paying an insurance company 10% of the replacement cost every single year?

And that's when I discovered the problem. Liability is no longer a tiny fraction of your insurance bill. It's now three times the cost of your collision and comprehensive.

This is what happens when the lawyers run your state for their own amusement. In Texas, we put a stop to it with tort reform. But that was Texas, where laws actually mean something. Florida recently passed fake tort reform and then refused to enforce it, the same way they did with the fake roof insurance reform bill.

You will be able to afford your car insurance on the day you can watch your TV without being blasted with "Bogun, Munns and Munns" ads promising you "more".

Originally Posted by Rainger99 (Post 2257045)

What type of coverage do you have? I was shopping for coverage earlier this year and I could get really cheap insurance if I bought the minimum liability coverage which is 10/20. I paid for the higher coverage.

Originally Posted by retiredguy123 (Post 2257073)

I have medical insurance that has a $6,000 catastrophic limit. Anything above that is covered 100 percent. Why would I need a redundant policy for injuries? I am not going to hire a personal injury lawyer to sue my insurance company for "pain and suffering" when the lawyer would take 40 percent of the settlement after paying expenses. What limit of UM insurance can you buy that will prevent a financial devastation, and how much would it cost? I would guess that most people with UM insurance don't have enough coverage to even make a difference in their financial situation. For example, $150K in coverage would be woefully inadequate, and the insurance company probably won't sell you much more than that. In my opinion, it is just not worth buying.

Originally Posted by kkingston57 (Post 2257283)

If you only had a 10/20 policy AND have any assets(besides your home) you are playing with fire. If you rear ended someone and they had minimal injuries the claim against you would be worth more than 10K.

Originally Posted by retiredguy123 (Post 2256989)

I had a million dollars in liability with Allstate, and now I have the same amount with State Farm. Several other companies I got quotes from would only offer $250K, which I think in inadequate if you have a personal injury lawsuit against you.

Originally Posted by Rainger99 (Post 2257297)

I agree. That is why I have 250/500 and a $1 million umbrella.

Originally Posted by retiredguy123 (Post 2256989)

I had a million dollars in liability with Allstate, and now I have the same amount with State Farm. Several other companies I got quotes from would only offer $250K, which I think in inadequate if you have a personal injury lawsuit against you.

Originally Posted by Cybersprings (Post 2258272)

From what I have heard (I know what that is worth), even the $1million does not cover what you could end up being sued for after a bad accident. But it does get you much better lawyers from the insurance company for the case because it is now at an amount that catches their attention. I am not offering that as fact, just a thought.