[CandaceNicole]

Take this as a personal opinion-

I did not say that I recommend minimums to clients. I did say however that there are extremes. While it is true that you can never really have enough insurance to protect you against what MIGHT happen, it just all depends on how much money you're going to want to spend "cotton balling" yourself from the rest of the world.

Liability with limits of 100/300/100 are good if you are fairly well off and have assets that could possibly be jeopardized in the event of a law suit. However for normal every day Joe's, like me and what I assume you to be, who do have to worry about the cost of insurance would probably be better off with lower limits. I would feel as if I was doing an injustice to a client if, knowing their financial background, I locked them into a higher rate to protect them against a "just in case".

And for a professional opinion...I do NOT and never have recommended the lowest limits of liability.

 

[lo bux racer]

Fair enough. I'm a working Joe, but I count 6 numbers before the decimal in my annual and that doesn't include the wife's income. I definitely have some things to lose (protect) and at my age (45), the cost of the insurance is pretty small. FWIW, I had state minimums for a long time, but I wasn't making squat for money (the military isn't the way to get rich any time soon unless you're a military contractor) and had even less to worry about losing.

Thanks for the clarification, I completely agree.

 

[Obike]

Hm, well this is what I have as my coverage (I just went with the same policy my mom had, but with the addition of rental coverage as well).

bodily injury: 100/300
prop damage: 50
uninsured motorist: 100/300
medical: 5 per person
death benefit: 5k per person
essential services disability: 45 per person per week
wage earner disability: 2 family/1 guest per person per 30 days
comprehensive(sp?): 500
collision: 500

Should I have this lowered? I have a decently clean driving record (plenty of speeding tickets, but none in AL and I paid them straight up and they haven't gone on my record) with no accidents (knock on wood) when I was driving, and USAA is my insurance company...

I pay $920/6mos (rate went down when I hit 21). I live in atlanta ga and auburn al, they alternate each semester.

 

[lo bux racer]

$5k for medical goes really fast. A friend of mine broke his leg at Laguna Seca on his TZ250. It cost him over $35k. That's the only thing I would be concerned about. USAA med pay covers the occupants of your car. If you only drive alone, $5k might be fine, but if you frequently have passengers, you might want to look at raising that limit.

 

[Obike]

Originally posted by lo bux racer@Jul 8 2005, 12:33 PM
$5k for medical goes really fast. A friend of mine broke his leg at Laguna Seca on his TZ250. It cost him over $35k. That's the only thing I would be concerned about. USAA med pay covers the occupants of your car. If you only drive alone, $5k might be fine, but if you frequently have passengers, you might want to look at raising that limit.

Only passenger I usually have is my cat =/

As far as medical costs... my mom is a nurse and my dad is a doctor. I have nothing to fear as far as that goes (went through several arm surgeries, would have cost easily half a mill total... my mom works for a surgery center so they footed the bill, she only had to pay for the materials needed in the surgery room which was under $500, and insurance covered that).

 

[lo bux racer]

Sure, but you can bust $5k just getting to the hospital after a bad wreck. The ambulance ride alone is going to be close to $1k if they do nothing special to you on the way. If they do anything significant, that $5k will go faster than you'd like to imagine. I'd call USAA and ask to review your coverage, they're pretty good about getting you the right coverage for a good price (been a member since 89).

 

[theroyalwe]

so does anyone know what the requirements are on minimum insurance from toyota motor credit? 100/300?

I'm 25m with clear record, safe driver etc. hopefully I can keep it down around $150/month or lower in PA.

 

[Sparta]

theroyalwe i believe they only care if you have comprehension and collision. the state requires you to have liablity, at least here in california.

 

[WolfPackVic]

unless you lease it, they only care about comp and coll. like Sparta said. coverage limit is up to you, wouldn't recommend the minimum though.

 

[coolhandluke]

I have USAA Auto Insurance... That's all I have to say!
$130/mo.
21 years old
male
clean driving record.
Everywhere else quoted me like twice or more what I pay per month for it.

 

[EddNog]

Progressive, $1550/year. 23 years old, flawless driving record.

-Ed

 

[Halewafa]

I'm paying 4.75% through kern schools....

 

[Azrael]

^^^??This is a conversation about insurance coverage, not interest rates.

 

[EddNog]

My bad; full coverage is what I'm getting for the price indicated.

-Ed

 

[ruswolf]

I got quoted 1370 USD full coverage...for an 07 TC ...

 

[teecee2o9]

i think it's like 180 (i dont pay...hehe)...esurance is the company for sure though!

 

[wowow]

USAA, $85, 21yo, I have been driving for 1.5 years, first they charged me $200, now it is down to $85.

 

[coolhandluke]

Yes, USAA is the best. I have it!

 

[engifineer]

TFS requires a max of a $500 deductable for comp and collision.

I switched to Ameriprise a while back. I pay about $1200 now for the tC , 4Runner (both with $500 deductables, towing, etc) and my 96 saturn, which is now liability only. This is for two drivers with three tickets between us.

 

[lucidspoon]

$2184 a year now for full coverage on 2 drivers with 2 cars. That'll probably drop to about $1900 in about 6 months when Sarah and I get married, and then it should drop to like $1200 about 4 months after that when I turn 25!