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ninaunst OP t1_je3zo7l wrote

I have a 2011 Honda civic and only pay about 800-900 annually for full coverage insurance.

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Law_Doge t1_je44agz wrote

When you say full coverage, what’s your tort option? Do you have unlimited tort/no verbal threshold/no limitation on lawsuit or do you only have comprehensive and collision?

This is how companies like Geico save you 15% or more in 15 minutes by getting you to sign away your right to make a claim unless you overcome the tort threshold (permanently disfigured, dead, compound fractures)

I’m a personal injury attorney by trade. I deal with these tragic situations on a daily basis

Lastly, $15k/$30k is a paltry amount of insurance to be considered fully legal. If you don’t have underinsured/uninsured motorist coverage you’re screwed

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troublethemindseye t1_je57n5l wrote

Also a lawyer, not PI though, and I would recommend everyone have at least $250k/$250k.

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Necessary_Intern_164 t1_je4wauv wrote

So is underinsured/uninsured motorist coverage better than comprehensive and collision? Or is that only if there is a tort limit? And where can I find such tort limit information. . . Sorry I have GEICO

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Law_Doge t1_je50n0n wrote

No apologies necessary. Auto insurance is confusing by design IMO. Personally I have Snake Farm which is one of the worst companies, but their rates are comparatively cheap.

UM/UIM are additional pieces of coverage.

Say you’re hit involved in a hit and run. That’s uninsured motorist coverage (UM). You can make a claim against your own insurance company.

If somebody hits you who has minimal coverage, that’s under insured motorist coverage (UIM). After their insurance company pays out the other drivers maximum policy benefits, you can seek the remainder from your own insurance company.

Tort options are essentially the overall ability for you to make a claim.

Limited tort/verbal threshold won’t allow you to make a claim for your injuries unless you meet one of a few exceptions like commercial vehicles, death, disfigurement, loss of a fetus, compound fractures, etc. (out of state driver scenarios get complicated)

Full tort/no verbal threshold allows you to make a claim regardless and have to jump through the insurance companies set of hoops in that regard

You can find all your coverage options on your auto declarations page of insurance policy. The terms and specific rules/regulations vary from state to state which is where the tort/verbal threshold/limitation on lawsuit dichotomy comes from. Consult a local attorney for legal advice if you want to change anything. They’re more than happy to talk coverage options if they’re anything like me (we’re all mostly the same/insane)

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BiggusDickus- t1_je59ii5 wrote

You are probably past the point where full coverage makes sense for that car.

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CentralArtery t1_je41zd4 wrote

I have a 2018, full coverage, in an expensive state, and pay under $700 for the year. No clue what your driving history looks like, but it’s not impossible to do better.

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ninaunst OP t1_je427di wrote

Never been in an accident and have been driving for over a decade. What insurance do you have?

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CentralArtery t1_je42btb wrote

Geico - Live in MA - 35m, been driving since I was 17. One accident (more than 10 years ago). Pretty sure when I paid my yearly fee earlier this year, it was somewhere around the $680 range or something.

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crtjer t1_je4o771 wrote

And this is something given only two companies can operate in MA last I checked

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BreakfastBeerz t1_je4jv6f wrote

I have a 2018 GMC Canyon and pay $600/ year for full coverage. Costco can absolutely be beaten.

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ElderWandOwner t1_je46ri2 wrote

I pay 1500 per year for full coverage on a 2022 blazer and a 2023 corvette. So obviously beatable.

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Chubacca26 t1_je4rvh9 wrote

Meanwhile here in Toronto with a 2015 Fiesta paying 2k/year.. And I shop around every year.

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DazzlingPotion t1_je4rnd0 wrote

We have Plymouth Rock. 3 vehicles (2020, 2015, 2003) with very high coverage levels. Paying $1,815 per year. Find an agent that carries multiple lines. Mine has Plymouth Rock, MAPFRE and Arbella. Start getting quotes 60 days before your policy expires. Also it is definitely NOT all about price, you need to understand your coverage and know what you’re buying before an accident happens.

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knkyred t1_je67oaj wrote

It's crazy how much location affects rates. When we moved 2 towns over, literally 9 miles apart door to door, car insurance rates went down due to the new location being deemed a lower risk than old.

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