[airstreamingypsy]

I own a 2005 Pick up truck and a 2009 SUV and a 1996 Airstream. I pay Allstate $291.00 a month. It breaks down to Truck 769.47 every 6 months. SUV 794.75 every 6 mos. Airstream - 177.85 every 6 mos. They don't even buy me dinner.

[MandoMan]

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

That may be the average, but some people live in Miami and other areas where there is a lot of car theft or a higher risk of damage, and other people don’t. My car isn’t new, but my State Farm insurance is just under $1000 a year.

[Rainger99]

Originally Posted by MandoMan

My car isn’t new, but my State Farm insurance is just under $1000 a year.

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.

[retiredguy123]

Originally Posted by Rainger99

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.

I have had umbrella policies in the past, but I don't have one now. I would rather get the liability coverage as part of my auto and homeowner's insurance as long as it is available. I think that the largest risk for liability is driving a car.

[Marine1974]

My usaa policy is $59 a month . Plus since I installed their app to monitor my driving , I will get a 19% discount come January. I have all the coverages except car rental .

[threefootputt]

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.

A 2023 study (msn.com/en-us) estimated 20.4% of Florida drivers are uninsured (or underinsured). If you are involved in an accident with an uninsured motorists your only recourse for recovery is through your uninsured or underinsured motorists coverage. The lack of uninsured motorists coverage, combined with the fact that bodily injury coverage is NOT required in Florida, could be a financially devastating consequence.

[retiredguy123]

Originally Posted by threefootputt

A 2023 study (msn.com/en-us) estimated 20.4% of Florida drivers are uninsured (or underinsured). If you are involved in an accident with an uninsured motorists your only recourse for recovery is through your uninsured or underinsured motorists coverage. The lack of uninsured motorists coverage, combined with the fact that bodily injury coverage is NOT required in Florida, could be a financially devastating consequence.

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.

[JRcorvette]

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".

You are 100% correct. It is the cost of legal defense against lawsuits many of which are inflated. Florida has more attorney ads on TV than any other State. On top of that Florida has terrible drivers. Add the cost of repairing newer cars is crazy high. Still it is the lawsuits that is driving the price up the most!

[JRcorvette]

Originally Posted by retiredguy123

I have had umbrella policies in the past, but I don't have one now. I would rather get the liability coverage as part of my auto and homeowner's insurance as long as it is available. I think that the largest risk for liability is driving a car.

Umbrella insurance is a lot cheaper…. Just saying.

[retiredguy123]

Originally Posted by JRcorvette

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.

[Red Rose]

Do you have Nathan Thomas’s phone number at State Farm? I would like to get a quote from him. Thank you.

[retiredguy123]

Originally Posted by red rose

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

352-748-5272

[Red Rose]

Originally Posted by retiredguy123

352-748-5272

Thank you for the phone number.

[allsport]

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".

First of all the problem in FL is it is a no-fault insurance state thanks to the idiots in Tallahassee and that makes it so much more expensive because lots of people carry no insurance. Drop the medical coverage for you passengers to a reasonable level and your rate will drop. If you think you are going to really hurt your passengers, and they have no medical insurance, don't let them ride with you.

[RPDaly]

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