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Old 10-29-2020, 05:05 AM   #81
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Sounds like I need to I find out exactly what UIM covers. Maybe the usual cost when you use the UIM insurance is not a huge payout or happens very rarely. However, since it costs so much, I don't think that is so.
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Old 10-29-2020, 06:31 AM   #82
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Time2, and everyone else, here is a link to an analysis of UM/UIM costs which includes tables showing key data for each state. The article's author, Sandee Perfetto, is someone I worked with in my career.

At the end of the article, there is a link to a pdf file (no paywall, to my surprise) which goes into more detail and includes tables like those I created for my division's use. Florida BTW is the costliest state for UM/UIM.

The article came out last November, so while it's pretty current, it wouldn't reflect the cost reductions due to Covid.
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

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Old 10-29-2020, 09:19 AM   #83
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Originally Posted by pb4uski View Post
I was talking with a friend this morning comparing notes as we are both shopping for car insurance. He said that his agent asked him whether they were on Medicare and he responded yes, and the agent said that many of his customers on Medicare were dropping UI coverage. It sort of makes sense, though there would be some risks that one might want coverage for. I found this:

I (and everybody that rides in my car) have health insurance, so I'm not too worried about the medical part of an uninsured accident.

My question is of all of this other stuff (pain, suffering, LTC, death, etc) will the insurance company just pony up the money or do you have to get an attorney and fight them for it? My guess is you'll have to lawyer-up if you want the insurance company to actually pay for this other stuff. Anybody have experience with this?

I have 25/50 UIM $41/6months.
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