keegs
Recycles dryer sheets
Just wondering..The Mrs. has an 05 Corolla and I'm not sure if it's time to trim back coverage. What are your thoughts?
Just wondering..The Mrs. has an 05 Corolla and I'm not sure if it's time to trim back coverage. What are your thoughts?
The first step is usually to make sure the insurance company has all the right data on the car and the driver. Things get overlooked, like employment/retirement status, whether the car is driven for work/pleasure, and whether it's driven by any newly-licensed teens.Just wondering..The Mrs. has an 05 Corolla and I'm not sure if it's time to trim back coverage. What are your thoughts?
I dropped my collision coverage when my car hit ten years old and 95,000 miles . It did not drop the cost by a large amount so I'm not sure the savings were worth it .
I have never had any more than the legal minimum liability insurance.
I dropped my collision coverage when my car hit ten years old and 95,000 miles . It did not drop the cost by a large amount so I'm not sure the savings were worth it .
Slightly OT but in many states personal auto insurance applies to rentals, so if you have adequate coverage you go without CDW on the rental.
Are you really willing to risk all your personal assets by carrying the minimum liability coverage?
Bruce
Someone gave me a rule of thumb: drop the "I damaged my own car and it was my fault" cover - I think that's what we're talking about here - when the difference in premium exceeds 10% of (the book value of the car, minus the deductible). I sort of try to follow that.
Not really... I don't think you can get uninsured motorist without this covereage.... so it can be someone else damaged my car and has not insurance and I have to pay for it...
Or, it can be like the time when I was living at home and my mom looked out the window and asked me "Why did you part in front of the driveway?"... which I did not... someone driving down the street ran smack dab into the back of my car and pushed it down the street in front of our driveway... I had to live with the damage as I was not carrying collision / uninsured insurance....
What if a neighbors tree falls down on top of your car... if it was healthy, then it is an act of god and they do not have to pay... it is now 'that tree damaged my car and I have to pay for it'.... or, you are parked in the street and it floods... another act of god...
Then again, I could have been told wrong on what is covered by what insurance and this whole post is meaningless.....