Car insurance May 20, 2006
Posted by irishmadness in More for less, Saving.trackback
I’m getting frustrated looking for tips on reducing car insurance costs. Does anybody know a place that makes recommendations about how much coverage you should have?
I’ve been with the same insurance company for the last four years, and I’ve decided to shop around during the next several weeks to see if I can get a better rate on my insurance. I also want to make sure my renter’s insurance is replacement value, not ACV, which I think is the case now.
I got a quote from AAA today, and I’m going to check at their office next weekend when I’m picking up running sneakers. I also found two independent insurance agencies in the area, so I’m going to check with them this week, then get an estimate from on what it will cost to renew my current policy for another year. I’m hoping that renters and auto combined will cost less than $350. (Yes, my car’s old and beat-up.)
But as I’ve looked, I find the same set of tips on pretty much every site. None of them addresses how much insurance I should have, and what’s overkill. If I could find such a site, it would be a huge help. Any suggestions?
It depends on what you have insurance for.
I carry HUGE amounts of liability-type coverage, because I was sued when I hit the pedestrian. While I was not at fault (SHE got a ticket; I didn’t), and the insurance company settled out of court for less than $10,000, I still have nightmares about being sued. I’m less worried about damage to my car, but I do not want to spend the rest of my life working for someone else.
I’ve had insurance-type people tell me I have too much liability insurance, and according to basic measures, I do. But I also sleep (and drive, though not at the same time!) better knowing that I’m covered. I’ve done the same thing with homeowner’s insurance.
So, I guess my suggestion is to check your gut.
ccar insurance
ccar insurance