Noob Insurance Question
 

Purchasing a FRS online

Need to get insurance before I buy. I got quotes and I see you can build your own Insurance.

What are the good Deductibles and shit to go with? Like the normal.

Don't use the online tools, physically speak to local insurance agents and you'll get a way better price. It's also different for each person.....

The deductible amount is directly related your tolerance and ability to come up with money. Generaly speaking if you are not having claims every 2 years then the higher $1k deductible will save you money in the long run. As stated above get multiple quotes from an insurance agents in your area. Then do the math to see what fits you best.

I got 500 deductible "full coverage"

I suggest you get a friend or relative to recommend an insurance agent, then go talk with them.


humfrz

Your coverage will depend on a lot of factors. For example, I have a $500 deductible because there was almost no difference in monthly cost between 500 and $1,500. I've had zero accidents and no reported tickets and I am 30 years old.

For you that may be different. If you don't have $1,500 in savings to pay for your deductible, you may have to go with $500 but deal with a higher monthly premium.

If you're curious, here is my coverage from Progressive. I consider my coverage to be standard. I pay about $60/month.

Bodily Injury & Property Damage Liability:
$100,000 each person
$300,000 each accident
$50,000 each accident
Uninsured Motorist Bodily Injury:
$100,000 each person
$300,000 each accident
Uninsured Motorist Property Damage:
$50,000 each accident
$200 deductible
Medical Payments:
No Coverage
Comprehensive:
$500 deductible
Collision:
$500 deductible
Rental Reimbursement:
No Coverage
Roadside Assistance:
No Coverage
Custom Parts and/or Equipment value:
(At the time of a claim, it will be the insured's responsibility to show receipts to verify the existence and value of additional parts or equipment.)
Loan/Lease Payoff:
No Coverage

That is some stripped out coverage!

What do you think is stripped out about it?

It looks like the bare minimum state allowance with a 500 dollar deductible. No medical payments, rental, anything. Obviously you probably have something like GAP to cover the event of a total loss, or you're in an equity position.

I have just been hit too many times, I spend the extra 40 bucks a month and have a maxed out policy after dealing with so many different insurance issues.

Ah. I gotcha. I've never had issues with accidents so I don't worry too much about it. I've been driving for almost 14 years, so maxing out the policy and adding to the monthly premium would have added up by now.

The only thing I might feel is a little too low is the 100/300 considering some of the pricey cars out there.

As for everything else, I have medical coverage through work, and what it would cost for the shit medical from the auto insurance wasn't worth it. I can pay for a rental out of pocket. I still owe about $7K on the car but its worth around $10K. If the car was totaled today, i'd just go get a lightly used 86 and pay two loans until the insurance worked things out.

Thankfully, I'm in a pretty comfortable financial position when compared to a lot of people my age.

AAA can replace roadside assistance. Some people have other cars they can drive instead of paying for rental coverage. GAP can be purchased through financing when buying the car.

And those limits are much higher then any state minimum (AFAIK, it's definitely more then the CA minimums)

You know, I have no idea if I have GAP insurance. I financed through the dealer and I don't remember that conversation or seeing it on the paperwork... I don't think it is something I would have opted for anyway as I'm was never worried about not making payments or the loss of value for whatever reason.

So you're in an equity position. Good for you! Unfortunately a ton of motorists aren't and get caught out when something happens and insurance doesn't cover everything. I have seen it happen, and am glad it's never happened to me!

True, Aaa was more expensive then using roadside through insurance (in my instance) so that negates the need for Aaa.
I have multiple cars....rental coverage is still nice to have to keep my vehicle plans at least somewhat static in the event something happens. Of course GAP is purchased when buying the car..... looks upon a cursory Google that it's not the state minimums for Tennessee.

I have AAA for multiple family members that don't have the same insurance which gives a discount. State Farm also only tows to the nearest repair center, not wherever I choose within my towing range like AAA roadside will. And only thing I find on Google for TN is 25/50/15 minimums, which is lower then the 100/300/50 he posted.

My only point is that circumstances are different for everyone as we have shown. And OP should get a recommendations from friends/family and talk to an agent in person to get what is right for them.