[retiredguy123]

Originally Posted by Rainger99

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.

[CoachKandSportsguy]

Originally Posted by retiredguy123

To clarify, here are my actual State Farm rates. I did forget to include the property damage liability premium in my original post. I drive a 5 year old Ford Escape, not a Rolls.

Bodily injury liability, $1 million - $180.25
Property damage liability, $500K - $56.93
Comprehensive, $500 ded - $43.24
Collision, $500 ded - $82.30
No fault, mandatory - $33.68
Total 6 month premium - $396.40

Note that my premium would be a lot less if I reduced the liability coverage. Regarding uninsured motorist coverage, if I drive someone around in my vehicle and they get injured by an uninsured motorist, I consider it their problem. But, if I cause an accident, I have liability insurance for my own liability. Good luck.

Check back at annual renewal time. . When would that be?

That would then tell you comparative figure to the articles headline, for a year over year annual renewal rate.

[Topspinmo]

Originally Posted by Rainger99

And Florida is the most expensive state with people paying an average of $3,183 a year.

Car insurance rates just had their biggest annual jump in 47 years. This is why | CNN Business

Due to all accidents and law suits dan N wins I bet?

[Donaz1]

My six month rate with USAA is $1180. Only had one accident on 1/2017. Is there a certain age when rates are higher? From this post I expect my rates to increase. I have a new Hyundai Tucson.

[Berwin]

Kind of unfair for those with USAA to compare their rates with others.

[Jhrath7@gmail.com]

Originally Posted by Blueblaze

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".

Fifteen years ago when I moved here, my car insurance was $500 and is now over $3000. Something HAS to be done

[danglanzsr]

Originally Posted by retiredguy123

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.

Uninsured motorist coverage essentially buys liability insurance for the other driver if they caused the crash. The amount of coverage it buys for the other guy is equal to the amount of your own liability insurance. If you or someone in your automobile is killed by an uninsured motorist (and the are not all “illegal migrants”, by any measure), your family would receive no compensation.

Suggesting that extensive medical insurance will cover all your losses, even though the other driver is uninsured, is not very smart. “Pain and suffering” from a crash includes permanent disability, as well as the medical costs. As an attorney for many years, and having seen many seriously injured clients resulting from uninsured and under insured drivers, I would never go without uninsured motorist coverage.

[retiredguy123]

Originally Posted by danglanzsr

Uninsured motorist coverage essentially buys liability insurance for the other driver if they caused the crash. The amount of coverage it buys for the other guy is equal to the amount of your own liability insurance. If you or someone in your automobile is killed by an uninsured motorist (and the are not all “illegal migrants”, by any measure), your family would receive no compensation.

Suggesting that extensive medical insurance will cover all your losses, even though the other driver is uninsured, is not very smart. “Pain and suffering” from a crash includes permanent disability, as well as the medical costs. As an attorney for many years, and having seen many seriously injured clients resulting from uninsured and under insured drivers, I would never go without uninsured motorist coverage.

Can you please explain your second sentence? I have $1 million in liability coverage. Are you saying that any uninsured motorist coverage I buy would provide $1 million in liability coverage for an uninsured driver? Wouldn't the premium be extremely high?

[Blueblaze]

Originally Posted by retiredguy123

I don't have a brother-in-law. I switched from Allstate about 2 years ago because they raised my premium by 32 percent on renewal after being a customer for 27 years. I found that some companies would not provide more than about $250K in liability coverage. I feel like a million dollars is needed to have any real protection against lawsuits. My numbers are accurate and I didn't make them up.

Well, we have the Allstate experience in common. But I dropped them 15 years ago when they showed up at a house closing to inform me that they were pulling out of Texas over a hurricane that ruined a bunch of houses on the beach and then passed over my house 80 miles away without so much as loosening a shingle. After leaving me hanging at a closing, I wouldn't buy Allstate today if it was free.

I checked State Farm and did not see any million-dollar liability offering, but their 100/50 coverage was much less than USAA, even though their collision/comprehensive was slightly higher. Since liability now comprises most of the coverage, it looks like I can save about $400 per year by switching, since Statefarm's liability is a mere 1.79 times the vehicle insurance.

Thanks for the tip. Since you've only been with them a couple of years, it's probably just a loss-leader and I'll wind up going back to USAA, but $400 is still real money to me. I'll take it.

[retiredguy123]

Originally Posted by Blueblaze

Well, we have the Allstate experience in common. But I dropped them 15 years ago when they showed up at a house closing to inform me that they were pulling out of Texas over a hurricane that ruined a bunch of houses on the beach and then passed over my house 80 miles away without so much as loosening a shingle. After leaving me hanging at a closing, I wouldn't buy Allstate today if it was free.

I checked State Farm and did not see any million-dollar liability offering, but their 100/50 coverage was much less than USAA, even though their collision/comprehensive was slightly higher. Since liability now comprises most of the coverage, it looks like I can save about $400 per year by switching, since Statefarm's liability is a mere 1.79 times the vehicle insurance.

Thanks for the tip. Since you've only been with them a couple of years, it's probably just a loss-leader and I'll wind up going back to USAA, but $400 is still real money to me. I'll take it.

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.

[msilagy]

There are online driving tests that take about 3-4 hours because of the mandatory time in between questions. I have taken it a couple of times and do something else in between questions to make the time go by. It reduces your premium a percentage for 5 years. Then another test. It cost $15-20 to take it but is worth it..... If you are inclined to bother with the test.

[Coley]

Originally Posted by retiredguy123

My liability insurance coverage is less than half of my total premium with State Farm, and I have $1 million in liability coverage. I have no uninsured motorist because it is optional in Florida, and I would never file a claim under that coverage.

No UM coverage is a mistake. There are a lot of uninsured & underinsured drivers in Florida. This is an injury coverage and is needed.

[rickaslin]

Originally Posted by Rainger99

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??

Is this a Statefarm quote?

[Rainger99]

Originally Posted by rickaslin

Is this a Statefarm quote?

Travelers. Got it through the Villages insurance when I moved here.

[Rainger99]

Originally Posted by retiredguy123

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.

Do you have an umbrella? I have 250/500 and a $1 million umbrella. After seeing all of the billboards, I agree that $250,000 is not enough.