Bobby2

I am tired of paying high insurance bills every month so I thought I should shop around. Following is what I got from All State Online quote.

For economical its $66 for following:
Bodily Injury Liability $15,000/$30,000

Property Damage Liability $25,000

Medical Payments $5,000

Underinsured Motorist Bodily Injury $15,000/$30,000

Uninsured Motorist Bodily Injury $15,000/$30,000

Identity Theft Not Desired

Tort Limited

---------------------------------

If I add Collision $100 to the list above monthly payment goes up to $160

So the question is, what makes Collision so important that it's worth almost $100 more? does it means if i get into the accident anything over $100 will cover?

Cerezo

collision covers yourself. that's way too high seeing you are 34. but it also depends on your driving record. check progressive.

erdoc48

Just my opinion:

Plan on raising the collision deductible to $500- this will drop the collision premium considerably. If you have a TL, I would strongly recommend having collision until the car's value is so low (this will take quite a few years), it doesn't warrant having the coverage.

Your liability limits are very low (esp. for the under/uninsured motorist coverage)- it's almost like minimums for acceptable insurance. If you get injured in a collision by another party w/o insurance, the payout likely won't cover your bills related to any injuries sustained. Also, if you cause a collision and Allstate has to pay out, you might be on the hook for whatever insurance doesn't cover, so higher limits are recommended (like 100/300/100)

Try Geico and Progressive

stillhere153

iTrader: (1)

fyi: check with your insurance co some states mandate a minimum amount of coverage

LiquidLunch

The coverages you listed are for damages you do to someone else that is your fault. There is no coverage for any damages to your car if something happens. Unless you can afford to lose your car and not get a penny, you will need collisison and comprehensive coverage. $500 deductibles are normal. The higher the deductible the lower the payments will be.

My thoughts on medpay coverage- if you have health insurance then drop the medpay. You could use that money towards rental coverage. Also- the limits you have for bodily injury and property damage are very low. Do you own a home or have any real assets? If so, then these coverags should be at $100k as a minimum. If you kill someone or drive through a building, they will be taking any collectable assets you have to cover the damages you caused since you insurance could only pay out $15k.

One options you have- you could always have collision and comp coverage through quality companies like Progressive or State Farm and then have your liability coverages through some shitty company.

Bobby2

Thank you very for your input.

I already have state farm with same options as above with $1000 deductible. When I signed up about a year ago it was $153 now it went up to $170 and it doesn't make sense because I have perfect driving record. So I decided to shop around...but anyways I am going to meet with an agent and see if i can get discount for adding my car to house insurance.

woot427

iTrader: (5)

i have state farm and under my fathers plan but having multiple cars or house and car warrants pretty decent discount, but of course everyone is very different due to all the deciding factors.

check to see if Cure auto insurance is available in your area....they advertise theyre so cheap b/c of their deciding factors.

http://cureinsurance.com/

Turbonut

iTrader: (1)

I know you don't want to pay more for coverage, but I'd seriously raise the limits you've posted.
Bodily injury 15/30. With the cost of health care and compensation required in this lawsuit country, this limit is just a drop in the bucket, and you'd be held responsible for the balance awarded.
Property damage 25-Take a look at the prices of the new cars today and you'll see 25k doesn't go too far.
Limited Tort-You give up your right to receive compensation for pain and suffering.
Collision-$500 deductible is the norm, and is well worth the cost. We still have collision on our '89 RX-7 we purchased new. It's money in the bank if I screw up. that hasn't happened yet!

nfnsquared

I'd say you're right: something doesn't add up. But then again, you didn't say where you live, if the car is garaged, how many miles per year, or whether you use the car for business, or if your credit rating is less than desirable.

I'm single, over 25, with no claims or speeding tickets since 1990, so I guess that's considered an excellent record if not a perfect record. I'm with USAA and I don't have a multi-vehicle discount. My coverage for a garaged vehicle in North Dakota with an annual mileage of 12,000 is $692 or $58/month.

My coverage is:

Liability $100K/300K
Prop Damage $50K
UIM $100K/300K
Comprehinsive deductible $250
Collision deductible $500

I know it's very hard to beat USAA rates and that location plays a large part in rate calculation, but I don't see how they can be charging over 3 times my rates for less coverage. Another factor now is your credit rating and current indebtedness. Even if you have a perfect driving record, if you've had credit issues or substantial indebtedness, most insurance companies will jack up your rates.