ckiggins314

Bought my TSX yesterday, will be off the truck sometime this week.

I have financing through my credit union but also filled out a credit app with Honda Financial just to see if they could beat the rate.

I know that when you lease through HFS they require you to have high limits on your insurance (usually $100/300), however, is this the same when you finance through them as well?

My credit union does not require limits that high (I usually carry $50/100), and I don't want to go with Honda if I would be required to carry high limits. At that point, any savings in interest rate would be more than offset by an increase in premiums.

wiltok

I can't answer your question on what's required - but I personally think it's foolish to go anything less than 100/300. The way people sue these days - any lawsuit could wipe you out. I have $1 M liability on my cars along with an additional $1 M umbrella (which I'm thinking up upping to $2 M). I am not in the insuance field - this is just my opinion.

-Keith

ckiggins314

I would carry higher limits but really have no assets except the car (no house, etc). Good luck getting any more than what insurance will pay out!

Zephrem

I agree if you have any assets at all that need protecting.

Zasker1

Honda wont requpre more than 100k in coverage but they will requie a lower deductable. I have 1.5m in insurance and feel every penny is worth it as that amount can still evaporate in a few weeks as a result of a serious accident. Considering the cost is only about $40 more a month it is well worth it in my opinion.

Zasker1

You should note that in the U.S. if you are at fault the plantive is automaticly entittled to 30% of your income for 10 years, and that is just for starters. Dont think of it as what can they take now, but what can they take over my life span.