Quote:
Originally Posted by Summerwolf
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.
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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.