liability insurance Saleen? Dumb?
03-03-2011, 07:22 AM
#13
2nd Gear Member
Join Date: Oct 2006
Location: Bellefonte, PA
Posts: 283
I made this mistake once, for the same reason as you. I was looking to save money, so I dropped to liability thinking I'd be fine as long as the accident wasn't my fault. How wrong I was. Woman ran a stop sign, totalled my car. She has no liscense, no insurance, and no registration. There was nothing I could do in the end. I lost all that I had worked so hard for.
You would be much wiser to go back to full coverage and increase your deductable. Don't make the same mistake I did.
You would be much wiser to go back to full coverage and increase your deductable. Don't make the same mistake I did.
03-03-2011, 08:19 AM
#14
2nd Gear Member
Join Date: Jan 2010
Location: ohio
Posts: 496
no points, then I would shop around to different companies. When I first got my 2010, I was with alstate and was paying 225 per month. I switched to progressive and it dropped to 140 per month. Now I'm wih geico and it's down to 107 per month, 500 deductible, mid grade everything else.
I'm 24 with no points on a brand new car
I'm 24 with no points on a brand new car
03-03-2011, 12:45 PM
#15
1st Gear Member
Join Date: Jul 2010
Location: Nebraska
Posts: 75
If you cant afford to replace it, you need to insure it.
A tree could fall on it, some one could steal it, You could get into some kind of a weird pile up and it becomes a no-fault accident.
And even if some one else crashes into you, they could dispute it. You could be tied up in court for years. "Because the insurance company knows that eventually you will just give up"
I was involved in a 3 car accident " 2 cars collided and 1 skidded into me."
It took almost 2 years to get that settled. With full coverage, you know your covered.
The medical coverage alone makes it worth while.
If you have no other choice then do what you have to do to pay bills, But Ionly reduce your coverage as a last resort.
A tree could fall on it, some one could steal it, You could get into some kind of a weird pile up and it becomes a no-fault accident.
And even if some one else crashes into you, they could dispute it. You could be tied up in court for years. "Because the insurance company knows that eventually you will just give up"
I was involved in a 3 car accident " 2 cars collided and 1 skidded into me."
It took almost 2 years to get that settled. With full coverage, you know your covered.
The medical coverage alone makes it worth while.
If you have no other choice then do what you have to do to pay bills, But Ionly reduce your coverage as a last resort.
03-03-2011, 04:24 PM
#20
4th Gear Member
Join Date: Jul 2006
Location: Texas
Posts: 1,060
Whow... just whow...
I am paying 2 grand, for an entire year. And that includes my 05 GT AND the wife's 07 GT/CS vert. My opinion -> You are the one driving, so if you drive safe and proactively there is no reason to pay top dollar for the best insurance out there. Now, if you have a history of accidents, I would keep paying what you pay. You might end up needing it.
I am paying 2 grand, for an entire year. And that includes my 05 GT AND the wife's 07 GT/CS vert. My opinion -> You are the one driving, so if you drive safe and proactively there is no reason to pay top dollar for the best insurance out there. Now, if you have a history of accidents, I would keep paying what you pay. You might end up needing it.