by Guest » Sat Oct 01, 2005 11:02 am
For the last five years I am driving my car. Thank god I have not yet received any ticket, fines nor my car has collided. Well I think this is my time to drop insurance coverage like the collision coverage. Can I do that now?
Posted: Fri Dec 28, 2007 10:39 am Post Subject:
Good natured if you will provide, yr/make/model/mileage/options/any prior unrepaired damage... i'll be happy to run a value on it for you (will be close to what another adjuster would offer should it total) then you can make a more informed choice. :)
Posted: Fri Dec 28, 2007 01:35 pm Post Subject:
It is a 1996, chevy silverado, mileage is around 160,000, 350 engine, 4x4, power windows, locks, cruise control, I think it is abs braking, can't remember any other options right now, that should be enough. No damage on it that has not been repaired, so I would say that it is in good condition to excellent condition. I haul coal in it, so with each load, I get a little chip here and there. It is still a nice truck though. I am guessing the mileage, I only put about 4000 miles on it a year, if even that. thanks Lori
Posted: Fri Dec 28, 2007 01:38 pm Post Subject:
Lori,
I just hate having to make this decision because of money, the increase and all. I have always wanted to fill protected if something should happen, this is stressful to me, I am wondering where I can find why the increase has happen and where the money is going. That is a really big increase, I am one person, imagine taking it times the number of insured vehicles in Pa. That is just crazy. do you know where I can locate this information?
Yeah, I could just hit the edit button and add this information, anyway, it is an automatic transmission and has air conditioning, that is all I remember right now.
Posted: Fri Dec 28, 2007 10:14 pm Post Subject:
Good natured, near as I can tell the truck is still worth about 7k...you didn't say (so I assumed NOT) that it is a diesel if so add about 400.00, also you didn't say if 1/2, 3/4 or 1ton (will be 1500, 2500, 3500 on a GM)...I assumed 1/2 ton (1500)....also didn't say extended or standard cab or sportside or fleet, those really don't make too much difference...Now this 7-7800.00 assumes that this little chips you get aren't bad enough to detract from it's value....
To me if it is worth over 4k (in my financial picture) i personally would keep collision and comp on it, cause it would be a bit of a hardship, or I would have to shift some money that I'd just as soon leave alone to replace it...or get a loan, neither of which is attractive to me....
$336 a year
Is this increase for ONE vehicle? If so please go over your coverages/deductibles and let's see if we can't find a better alternative for you...this sounds terribly high to me...course I don't know your age, martial status, driving record, or who (age and gender/driving record wise) else is a listed driver all of this will make a difference...deductibles too can make a really big difference, what are your coll/comp deductibles?The DOI can tell you re: the rate increase.....
You ask about the tort thing....here is my understanding, well wait, there is another thread where this was discussed let me find it and i'll come back and post it here.......then if that doesn't answer it for you, (it's confusing to me too!) then we'll dig deeper....When is your premium due? How much time do we have to figure this all out? Try not to stress we'll help you figure it out.... :wink:
Posted: Fri Dec 28, 2007 10:20 pm Post Subject:
Ok found it, you've actually posted in this thread it too is PA, I think second page or so is where we get into this...re-read this thread and see if it answers your question re:your states ''funny'' laws...:)
http://www.ampminsure.org/start/about3457.html
As you see the OP in this thread ''may'' have an out because it's an out of state driver (meaning can sue the ''guilty'') but if both PA it is my understanding she would have zero option (re: injury settlement against this driver)...I have very limited personal knowledge of this...I assume when making this choice there is a great reduction in premium? On the upside if the other party choses it they can't sue you or recover from you either right?
Posted: Fri Dec 28, 2007 10:25 pm Post Subject:
PA is a choice-no-fault state. Choice-no-fault is a hybrid of the pure no-fault system. Under this system, drivers have the choice of being insured under either a pure no-fault plan or a modified no-fault plan. Under the pure nofault plan, one is unable to sue negligent drivers for non-economic damages, and is immune from such suits himself/herself. Under the traditional tort (personal injury suits) rights, one can sue other drivers who have also chosen to retain their tort rights, and in return they can sue him/her. If one that has chosen the modified plan has an accident with a driver insured under the pure no-fault plan, they are both unable to sue the other party.
Posted: Fri Dec 28, 2007 11:06 pm Post Subject:
It would be hard for me to replace the pick up and even though we don't use it much, when we need it, we need it. So I think I will leave the comp/collision on it. What do you think about the dropping the comprehensive coverage?
Posted: Fri Dec 28, 2007 11:13 pm Post Subject:
With the tort thing, My mother was with me when someone rearended us, she got pretty messed up, it was only because I had full tort that she was able to recover everything, I think I will go ahead and keep full tort. I am not sure at this point that I am willing to change anything, I drive about 35 miles one way to work everyday and deal with some nuts on the road, alot of coal trucks that fly and younger people that do the same. I would not want an accident to get me so far in the whole that I would loose my home or anything else because I could not go to work or something. I purchased a gap insurance on my car, still paying on it, so I wanted to make sure that I was protected their on the value in case of total loss, they would pay the balance that the insurance company would not. I take this insurance coverage very seriously, because I know financially an accident affects more than just the car, it could affect your entire life financially and physically. I may be over cautious, but I just don't want to hear, "sorry, that is not covered". I am really nervous about making these changes and I do appreciate all you input Lori, sorry to ramble, but this really concerns me.
Posted: Sat Dec 29, 2007 10:30 am Post Subject:
I purchased a gap insurance on my car, still paying on it, so I wanted to make sure that I was protected their on the value in case of total loss, they would pay the balance that the insurance company would not.
Here is an area you might be able to trim, if you want I'll run that value too, and you can see if GAP is still needed (it may not be if you owe less than the ACV now)...I take this insurance coverage very seriously, because I know financially an accident affects more than just the car, it could affect your entire life financially and physically. I may be over cautious, but I just don't want to hear, "sorry, that is not covered"
. I wish more people thought this way!I am really nervous about making these changes and I do appreciate all you input Lori, sorry to ramble, but this really concerns me.
no apology needed, want to make sure you understand everything...now what about those deductibles? hum? that's an often overlooked way to save big (some times)....I think I will go ahead and keep full tort. I am not sure at this point that I am willing to change anything
Think I would too, if I were in this type of state.What do you think about the dropping the comprehensive coverage?
Well, got any deer in PA? :lol: again, look at these deductibles...and see what you have on your vehicles deductible wise, and lets look at that...personally on a 7k vehicle I'd keep it...Posted: Sat Dec 29, 2007 12:15 pm Post Subject:
I just bought the car last year and the gap is fully paid for and not refundable through the dealer, so I am stuck there, I won't pay anymore for it.
As far as the tort, I am glad you agree, I know I have seen people have big issues with that when they have been seriously hurt.
Deer, oh my god, do we have deer and I live in the sticks so, we have even more, I feed them in my back yard.
So, I am not gonna change a thing, I guess I will just bear the burden of paying the higher insurance, I will wait till the policy is about to renew and then shop around and see what is out there.
thanks for all the advice Lori, you have been very helpful, I appreciate all the time and effort that you have put into this.
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