Talk to me about Insurance: Auto, Home, personal liability

Fuck! I hadn’t thought about the camera stuff with windshields. Will keep that in mind as we car shop and then insure a newer car.

I’ve had a few friends that always buy salvaged vehicles in relatively good condition and then they insure them for the near minimum. One family had toasted several cars over the years via large ungulates during twilight. Financially, they had come out ahead. One of the spouses closely tracked the costs and risks and it definitely penciled out for them as long as they had the $$ for cash purchase of their cars.

I just had this awakening about new cars and their fancy windshields. Had my windshield replaced yesterday and it was $1120 [emoji30]

I have SF’s gps module to get a “drive safe and save” discount and combat the ever rising pricing…. However, what’s the probability they use my driving data against me in a claim? [emoji637][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji638]]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji638]]]%?


Sent from my iPhone using TGR Forums

Quote:

---

Originally Posted by neufox47

Problem is they didn’t have enough. Just cause your auto policy is $250,000 doesn’t mean they can’t sue you and go for your savings or investments. $250,000 doesn’t go very far in life care plans. Especially in a state like CA where the court awards them as if the plaintiff had no insurance (including Medicare) and paid retail prices out of pocket.

---

I know you know your stuff since you’ve been in the biz at least as long as I have but it’s a very unusual situation whereby there isn’t a chance for the insurer to resolve such a claim within the policy limits so if a jury does award an excess verdict, the policyholder can assign their rights to the plaintiff in exchange for a full release of liability.

Many states also have laws restricting which of the defendants assets the plaintiff can seek to liquidate to pursue the judgement.

Quote:

---

Originally Posted by Peruvian

I know you know your stuff since you’ve been in the biz at least as long as I have but it’s a very unusual situation whereby there isn’t a chance for the insurer to resolve such a claim within the policy limits so if a jury does award an excess verdict, the policyholder can assign their rights to the plaintiff in exchange for a full release of liability.

Many states also have laws restricting which of the defendants assets the plaintiff can seek to liquidate to pursue the judgement.

---

IANAL but isn’t it up to the plaintiff to accept the assignment or go after their personal assets? I mean if I’m disabled by a drunk driver who’s worth a couple million and he has a $250k limit, I’m not taking that assignment. This is an area that I’m not an expert in, I just calculate the damages. I worked on a case where they were worried the defendant (local city municipal vehicle) didn’t have enough insurance ($8M) and the plaintiff would go after city property.

Quote:

---

Originally Posted by neufox47

IANAL but isn’t it up to the plaintiff to accept the assignment or go after their personal assets? I mean if I’m disabled by a drunk driver who’s worth a couple million and he has a $250k limit, I’m not taking that assignment. This is an area that I’m not an expert in, I just calculate the damages. I worked on a case where they were worried the defendant (local city municipal vehicle) didn’t have enough insurance ($8M) and the plaintiff would go after city property.

---

This, exactly. While the insurer for the defendant will try to resolve the claim within limits, that's no guarantee it will happen.

Have any of you guys purchased or seen auto insurance companies that base their premiums on miles driven? As I have that 2006 Volvo that is going to be driven maybe 2,000 miles a year and I want lower premiums.

Sent from my moto g stylus 5G (2022) using Tapatalk

I usually got so many rock chips on the road I didnt replace windshields even with insurance , just look thru the chips and cracks fix when i sell

Quote:

---

Originally Posted by liv2ski

Have any of you guys purchased or seen auto insurance companies that base their premiums on miles driven? As I have that 2006 Volvo that is going to be driven maybe 2,000 miles a year and I want lower premiums.

Sent from my moto g stylus 5G (2022) using Tapatalk

---

Used to work in this space - you should definitely do it at that mileage but need to be willing to plug an obd2 device into the vehicle (assuming it’s compatible). Pricing is well worth it.

Allstate, Nationwide and Metromile (now a Lemonade company) had available programs when I left. Regulations vary by state but each site likely has a page where you can see if you qualify in under 5 min

Typical model is a base rate + rate per mile driven which some offer variability in that rate based on your driving behavior (device can detect braking/acceleration/speed/turning, etc).

Thanks

Sent from my moto g stylus 5G (2022) using Tapatalk

What if the car is low miles, but those miles are aggressively driven?

Would having one of those driving monitors still be a better deal? And would it impact the rates on your family's other vehicles if the one that has a reader is driven hard (while the others are driven normal)?

Quote:

---

Originally Posted by singlesline

What if the car is low miles, but those miles are aggressively driven?

Would having one of those driving monitors still be a better deal? And would it impact the rates on your family's other vehicles if the one that has a reader is driven hard (while the others are driven normal)?

---

This is a good faq and I believe most other programs are designed similarly: https://www.allstate.com/auto-insurance/milewise

Allstate appears to include speed over 80, harsh braking and late night driving in their rates. So it depends on how aggressive you plan to be I suppose.

Other family vehicle rates will not be impacted.

These programs also exist for normal (not pay per mile) insurance as well and are app based (no OBD device required). Typically up to a 30% discount if you’re a reasonable driver.

We get a low mileage discount from State Farm. I don't think it's that much of a discount. We self report mileage. Once they asked for pics of the odometer.

Quote:

---

Originally Posted by thedude2340

This is a good faq and I believe most other programs are designed similarly: https://www.allstate.com/auto-insurance/milewise

Allstate appears to include speed over 80, harsh braking and late night driving in their rates. So it depends on how aggressive you plan to be I suppose.

Other family vehicle rates will not be impacted.

These programs also exist for normal (not pay per mile) insurance as well and are app based (no OBD device required). Typically up to a 30% discount if you’re a reasonable driver.

---

Hmm,. as much as I hate big brother watching me, maybe I'll look at it.

Speed over 80 might be a problem, but not really harsh braking or late night driving.

My friend claims the insurance thing made his wife a better driver...she might not take criticism on jerky stop/go driving well, but the app numbers (and dollar signs) don't lie and got her to really smooth out her driving.

Fuck these insurance companies and their ever-rising premiums... our HO coverage was $2100 last year (in Colorado), and this year they want to raise it to $3000+. I guess it's time to start searching for other options, although I'm sure they're all price gouging.And also, fuck all my neighbors who think they need a new roof every time we get a minor hail storm. The roofers come around and tell them they can have a new roof for free (or very little), so they do it... and as a result, our fucking premiums keep going up. People are stupid and companies are greedy.

Quote:

---

Originally Posted by smmokan

Fuck these insurance companies and their ever-rising premiums... our HO coverage was $2100 last year (in Colorado), and this year they want to raise it to $3000+. I guess it's time to start searching for other options, although I'm sure they're all price gouging.And also, fuck all my neighbors who think they need a new roof every time we get a minor hail storm. The roofers come around and tell them they can have a new roof for free (or very little), so they do it... and as a result, our fucking premiums keep going up. People are stupid and companies are greedy.

---

Only $3K? Lucky...

Reminds me - I need to get some quotes on a new roof...

Hive mind: suggestions related to auto:
We’re heading towards a third licensed driver this summer and two more licensed drivers in spring next year. We have three cars that are all paid for and fairly old, mechanically good, cosmetically not good. We live in the woods of California. We’ll likely get a new (for us) car with financing to add to the fleet, and maybe another older used car w/o financing.

How would you insure this fleet?


Sent from my iPhone using TGR Forums