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tocinoman25 10-08-2012 10:31 AM

Insurance Policy...are these too HIGH?
Hey all! I was curious to see what most LGT owners auto insurance policy is, because I'd like to save money like anyone else in this tough economy, especially being a new homeowner. My policy coverage is as follows....

Liability -Bodily Injury/PropertyDamage 100K each person/ 300K each accident/ 50K each accident

Uninsured Motor Vehicle-Bodily Injury 100K each person/ 300K each accident

Underinsured Motor Vehicle 100K each person/ 300K each accident

Comprehensive Deductible 500

Collision Deductible 250

Medical Payments 5K

Current policy with State Farm 1200/year
__________________________________________________ _________________________________________

I was thinking of changing it to a lower value, such as...

Liability -Bodily Injury/PropertyDamage 25K each person/ 50K each accident/ 25K each accident

Uninsured Motor Vehicle-Bodily Injury 25K each person/ 50K each accident

Underinsured Motor Vehicle 25K each person/ 50K each accident

Comprehensive Deductible 250

Collision Deductible 250

Medical Payments 1K

Quote from Liberty Mutual...875/year

I feel that these #s may be a bit low, but considering my safe driving and defensive driving...i could save a few hundred dollars...

Do share your thoughts on this important matter, not only for myself, but for many that are interested in looking into their policy. I got an amazing quote from Liberty Mutual and worth looking in to. I have been with Allstate and State Farm ever since and feel its overpriced...

Im paying 1200/ year with State Farm in Chicago 31 year old male with clean driving record

Liberty Mutual Quoted me 875/ year but with those lower numbers listed

To switch or not to switch?

Mad1 10-08-2012 10:40 AM

Location plays a huge roll in rates so comparisons with others elsewhere are not terribly meaningful, I have a Nissan Titan registered in Dallas (expensive) and my Spec B registered
in small town New Mexico (cheap $787/yr /w $1K deductible)

__raj 10-08-2012 10:59 AM

$50k does not cover much for another person's injuries in an accident. What happens if you hit/total a $55k BMW and the other driver spends a day in the hospital. You pay. If you don't have the money they garnish your wages.

I would stick with your original amounts.

tocinoman25 10-08-2012 11:10 AM

Thats what i was thinking...but thank goodness for me the Liberty Mutual agent will match those #s and still be slightly cheaper...he came up with 774/ year about saving hundreds...:eek: almost half of State Farm

chaz517 10-08-2012 05:32 PM

damn i pay 150 a month with geico with a clean record and no accidents

Roche 10-08-2012 05:58 PM

I (paid) $170/month

evan938 10-08-2012 09:58 PM

doesnt sound bad. im 27 with a good record as of recent. im pretty sure my limits are what you have above through state farm, and its like $86/mo

D-VO 10-09-2012 07:33 AM

I live in Chicago, I'm 24 and my premium is 960/12 months on a 2005 LGT Wagon with nearly the exact same policy as your existing one. Can't wait for that age bracket drop. You're getting taken bro.

Dishwasher 10-09-2012 11:20 AM

I would definitely not do 25/50 limits, as an adjuster I see crappy limits like those get exhausted all the time. 100/300 is a solid policy I would recommend to anyone that drives more than 20 miles a week. It's simply not worth the risk.

I've been an auto liability insurance adjuster for three years and am licensed to handle claims in 46 states. If you have any questions don't hesitate to ask.

quick4dr 10-09-2012 08:44 PM

i ditched state farm 2 years ago and went all state went from 1800yr age 22 to now about to turn 25 at 1100. full coverage to the

tocinoman25 10-10-2012 12:06 AM

Looks like Liberty Mutual is our winner...they are also discounting home owners insurance since my GF and I are Subaru owners...State Farm cant compete with the quotes...I left Allstate for State Farm because they charge an arm and a leg. Liberty Mutual outdid some of the numbers from StateFarm as is cheaper...700/year is awesome sauce! The GF is gonna pay 800/year on her 11 legacy...Home insurance in 1200/year...not bad and great coverage...I always thought Id stick with Allstate or StateFarm...but the grass is greener on the other side...

Dishwasher 10-10-2012 06:56 AM

I would stay away from Allstate anyway, they like to send their insureds to underwriting at the drop of a hat. Also their adjusters seem to be overworked and under paid. In my experience State Farm and Liberty Mutual are pretty good to work with. State Farm takes really good care of their insureds but are a pain in the ass to go up against because they're a bit suit happy, but that's another story.
Moral of the story is stay away from Allstate, Geico and Progressive, they may be cheap, but they're going to screw you if you get in an accident.

wera832 10-10-2012 07:06 AM

Something else to look at is the deductable ammounts -Ive been wiht Sate Farm for years and in speaking wiht my agest , we went from 250 to 750 on my comprehensive and it save me about 25 bucks a month, if I were a better saver and had 1k to use it would go down another 15 bucks.

ruggerheist 10-10-2012 06:58 PM

over 25? no accident within 3 years? get rid of you tort option. dropped mine $300/ yr w state farm

adreyna 10-11-2012 06:25 AM

try progressive, they gave me a better rate than state farm and still sort of good. though i do they state farm is the best out there. my dad had them for over ten years with out a problem. just try not to get into too much trouble or you'll get kicked out with after so many claims. that's happened to us so now we're with progressive.

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