Car insurance

[JTK]

Has it turned into another my rate is way better than your rate thread yet?

I'm joking of course!

I'm paying about $6K/year for the 5 vehicle's in my sig, two of which are liability only. Three kids on policy 23F, 21M, 19M, while they're going to school and/or sorting things out..

@SC Maintenance You are right on about SC rates. My daughter moved down to SC a few months back and will be registering my Frontier that I gave her down there soon. Nice reasonable insurance rates in SC.

 

[spk2000]

I'm not a lawyer. You should read your policy. YOUR policy. It's a legal document that varies from insurer to insurer, and state to state. Taking legal advice from BITOG is basically the internet version of the outhouse lawyer.

My policy, for me, reads that I must declare all drivers in my household, OR ELSE.

Or else what? They take away my birthday?

Off to the penalty portion.

If I don't declare a driver, and my rates would have been higher if they were declared, and that specific driver crashes one of my cars, then the insurance won't pay.

Seems like a pretty fair arrangement.

So what if I have a licensed driver, have them off my insurance, but don't let them drive? Seems like I'm in the clear if I myself or another named insured get in a wreck.

This isn't something I suggest you do, without conferring with your policy and maybe your agent, who exists to explain your insurance to you.

Thanks I was looking for suggestions on what others may have done to save on insurance so not looking for legal advice just ideas. I did like what one member said about a blanket policy covering them. My insurance company told me any person living in my house must be listed on my policy by state law. So if I rent a room to someone it sounds like I am supposed to add them? Sounds like an insurance lobbyist pushed this through to screw the little man and look for ways out of paying if they can prove someone lives in the house is not on the policy possibly even if they were not in the accident.

 

[CKN]

Thanks I was looking for suggestions on what others may have done to save on insurance so not looking for legal advice just ideas. I did like what one member said about a blanket policy covering them. My insurance company told me any person living in my house must be listed on my policy by state law. So if I rent a room to someone it sounds like I am supposed to add them? Sounds like an insurance lobbyist pushed this through to screw the little man and look for ways out of paying if they can prove someone lives in the house is not on the policy possibly even if they were not in the accident.

Lexis/Nexus (insurance uses this data base) shows my daughter in law at my residence. She doesn't live here-but there is a utility bill that comes in her name. I just tell my agent she doesn't live here. It doesn't seem to be an issue. You may want to check if this is indeed the case in your state. Insurance agents have been known to "be confused".

 

[Cujet]

I recently learned that Florida allows one to self insure with a:

Net Unencumbered Worth (not home, car/plane/boat etc) : OF at least $40,000 for the first vehicle, plus an additional $20,000 for each subsequent vehicle.

FL then provides a certificate which shows coverage for $10,000 per person/$20,000 per accident for bodily injury, $10,000 for property damage, and $10,000 in personal injury protection (PIP). The certificate is good for one year. Proof must be resubmitted each year.

After my recent horrible experience with Allstate, and the fact that last year I paid $53K to insurance companies, I'm pretty much thinking it's worth the risk.

 

[Vil_Riker]

Got the bill for my one vehicle - this year it's 2.5 times more than last year even though there haven't been any claims.

It's an eye watering jump, SMH...

 

[kschachn]

Sounds like an insurance lobbyist pushed this through to screw the little man and look for ways out of paying if they can prove someone lives in the house is not on the policy possibly even if they were not in the accident.

That’s rough.