How Much Insurance Coverage Do You Need?

[Bogart]

I have a 2013 Tahoe of which I still owe about 28k. I am 35 years old and have never had an accident. I have the following coverage listed below. I am just wondering if I am paying for more than I really need.

Bodily Injury - 100k/300k
Property Damage - 100k
Personal Injury - 10k
Uninsured Motorist Bodily Injury - 100k/300k

Uninsured Motorist Property Damage - 100k/250 ded
Comprehensive - 250 ded
Collision - 500 ded

I pay about $527 every 6 months through Geico.

 

[95escahoe]

I have a 2013 Tahoe of which I still owe about 28k. I am 35 years old and have never had an accident. I have the following coverage listed below. I am just wondering if I am paying for more than I really need.

Bodily Injury - 100k/300k
Property Damage - 100k
Personal Injury - 10k
Uninsured Motorist Bodily Injury - 100k/300k

Uninsured Motorist Property Damage - 100k/250 ded
Comprehensive - 250 ded
Collision - 500 ded

I pay about $527 every 6 months through Geico.

Its always better to have higher coverage limits incase anything happens dont want to get sued if you dont have enough coverage, I have more then I need too but its better to have more then not enough imo

Sent from my HTC One X using Tapatalk 2

 

[Sheriff]

I pay about $527 every 6 months through Geico.

Wow! I pay $2.000/year for 8 vehicles. Which includes a Tahoe and a Suburban. But I do carry a $1,000 deductible.

 

[Donnie Yukonie]

I pay Full coverage on the Cruz for about 120 a month
and $12 dollars a month for the Yukon liability lol

 

[Stresst]

You need to carry as much insurance coverage as you can afford!

A quick story, back in the late 90's I wanted a Lexus but didnt have the credit for a $50K car only being out of high school a few years. So my father leased me a GS400, I was listed as the co-signer. (I needed to insure it under him in order to afford the insurance (and lease payment) the insured has to be the primary in NY).
One day I lent the car to my little brother and he was involved in a major accident when an effen off duty NYPD detective broad sided him and nearly lost his life. They fudged the report and said he made a left turn from right hand lane. Long story short we got sued for 4+ million dollars, all we had was 100/300K, insurance paid out 100K and we were left with one major problem. 250K in lawyers and wound up settling for 400K+!!! Our lives will never be the same........

You may think this is a unique circumstance but there are thousands of multimillion dollar payouts each year!! Get as much insurance as you can, you will not be sorry!

On another note I have my truck insured under my someone else who is 58 years old, no accidents or tickets in 12+ years. For my 10 Escalade and her 06 Acura RL we are paying 3200! Another great benefit of living in NY!!! FML

---------- Post added at 10:11 PM ---------- Previous post was at 10:08 PM ----------

Wow! I pay $2.000/year for 8 vehicles. Which includes a Tahoe and a Suburban. But I do carry a $1,000 deductible.

What state Steve? I am so jealous!! My Escalade is $9xx.oo for 6 months!!!

 

[noob]

I have less coverage than you and I pay 4400 a year with only two cars... Then again where I live we have some of the nations highest car insurance rates. Might have something to do with drive through alcohol places and bars not having to close....

 

[felixgun]

I pay 1400 every six months for both my vehicles through progressive. Gotta have good insurance!

 

[Ta_hoe]

Jesus....I pay 6xx something every year thru AAA

 

[felixgun]

I have to have a lot of coverage for my avalanche bc I use it for work but get 750/month car allowance to pay for note/insurance.

 

[Stresst]

One more thing, the best thing is to take an hour or two and submit quotes to every insurance company online. What I found is there is no cheapest insurance company! Say you quote 10 company's State Farm may be the cheapest but then you get a new car you quote the same 10 again another will be cheapest. Matter of fact I quoted nearly everyone I can think of last nite and I got Geico for $2100! While Amica who my sister found to be the cheapest quoted me $7100!!!! WTF? Are they nuts?