Questions tagged [car-insurance]

related to automobile insurance. There is also a generic insurance tag.

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145
votes
15answers
32k views

For very high-net worth individuals, does it make sense to not have insurance?

Various types of insurance (health, car, life) protect you from relatively low probability but very expensive events in life (cancer, serious car accident, etc.) For the average person, it makes sense ...
59
votes
6answers
12k views

Why does Geico ask me not to reveal the limits of my liability coverage in case of a car accident?

I read on my "Evidence of Liability Insurance card" issued by Geico in California, US: What to do at the time of an accident: […] Do not reveal the limits of your liability coverage to anyone. Why ...
38
votes
2answers
13k views

Car insurance (UK) excludes commute to and from work, will not pay on claim during non-commute

My girlfriend was recently involved in a crash where both parties are claiming it was not their fault. She took out a policy with an insurance company called GoSkippy whose brokers are Eldon ...
33
votes
12answers
13k views

Why is auto insurance ridiculously overpriced for those who drive few miles?

It's not just one company. The problem is our current driving is something under 4,000 miles/year and the discounts for low driving aren't remotely as big as the difference in mileage. I don't think ...
31
votes
6answers
5k views

Auto premium increasing with aging vehicle and no new tickets

I have just received a new auto insurance bill for the next six months for my comprehensive insurance. It is about 8% higher than the previous six months whereas I have had no new moving infractions ...
27
votes
8answers
13k views

Why does car insurance also insure for injuries rather than only insuring the car itself?

At the very least here in British Columbia car insurance is very expensive because of substantial payments towards injury and rehabilitation compensation. To me this doesn't make much sense, as in ...
23
votes
4answers
8k views

Suppose leased car is totalled: what are financial implications?

Inspired by this question on totaling vs repairing a car and my situation (I'm leasing a car) my question is: Suppose a leased car, properly insured as per the lease (i.e., comprehensive) is involved ...
23
votes
7answers
9k views

If I let a friend drive my car for a day should I tell my insurance company?

If you have a friend visiting from out of state and you let them drive your car to a museum or something, as a one-off thing, I think it's a little impractical to let your insurance provider know that ...
20
votes
4answers
5k views

Should I tell my insurance company I have an unsecured loan for my new car?

Generally, I do all of my quotes online instead of dealing with an agent. They've always asked if the car is leased, financed, or owned. In my current situation I am technically financing the car, but ...
17
votes
9answers
2k views

What would I miss out on by self insuring my car?

I've been thinking lately that it might make sense to drop comprehensive and collision and self-insure these risks (obviosuly I'd keep the liability insurance). Basically, I'd keep around in a fairly ...
16
votes
3answers
9k views

When does it make sense to cancel collision and comprehensive auto insurance?

I have owned my car for about 8 years now and have had collision and comprehensive auto insurance the whole time. The starting value of the car was around $20K. The trade-in value is currently ~$6K (~$...
13
votes
5answers
3k views

How to calculate car insurance quote

I'm trying something in related to Auto Insurance and when I went through the State Farm's insurance portal, it asked me for a couple of questions like below. Vehicle ownership Car Age Person's Age ...
12
votes
3answers
6k views

Why does my car insurance premium go up when I remove my wife?

I was messing around with my car insurance policy to see if I could get my premium to go down a little bit, so I was just curious; How much is my wife making my premium go up? As it stood, my ...
12
votes
1answer
2k views

Should I keep the hail damage insurance payout for my car

I'm not sure if this is the right place to ask this. I'm in the US. I just got hail damage on my 2014 Toyota Corolla. As far as I can tell, it's all cosmetic. No damage to the windows, but a lot of ...
12
votes
1answer
710 views

Car was stolen and recovered, is now evidence in an investigation and I still have to pay even though I don't have access to it

What happened: 2 months ago my then girlfriend (now wife) was carjacked at gunpoint. The car was found the next before 48 hours in another town, in circumstances that merit the police to take my car ...
10
votes
1answer
7k views

Oh, hail. Totaled car, confused about buy-back options

I have a Toyota 4Runner Limited - V8, 4x4, nav, you name it. During our oh-so-wonderful hail experience last week (I was momentarily knocked our by a softball-sized chunk of the stuff), it received a ...
10
votes
1answer
273 views

Does 3rd party car insurance cover damage to phone?

I was knocked off my bicycle by a car driver. He stopped and offered to pay for damages. My phone was broken in the incident. He says that his insurance does not cover it, and he is only willing to ...
8
votes
7answers
22k views

Do I need to add my girlfriend as a driver on my car insurance?

I live in an apartment with my girlfriend and when I request a quote on the car insurance websites it asks me if I'm the only driver in my household. It's my car but she would likely drive it ...
8
votes
2answers
938 views

Car insurance for infrequent drivers

What car insurance is available for people who drive infrequently and/or drive a very small number of miles per year (say less than 500 miles/year)? I just moved somewhere that allows me to walk and ...
8
votes
3answers
8k views

When to swap from 50k/100k/50k auto policy to something higher, 100k/300k/50k or more?

In the course of adding myself to my girlfriend's renters insurance, it came to light that I still had 50k/100k/50k liability (50k individual, 100k total over accident, 50k property). This is ...
8
votes
3answers
1k views

Does liability auto insurance protect any of your assets?

I'm confused about the Liability auto insurance. Some online resources appear to say that you must have as much liability insurance as the total value of all your assets, whereas others just say to ...
7
votes
1answer
309 views

Can my insurance company raise my rates for asking them about a claim I may not file?

My 16 year old son backed our van into his grandmother's car last night, causing minor damage to one door on her car, though nothing noticeable on our van. I estimate that it will cost a few hundred ...
7
votes
2answers
252 views

How to deal with insurance when renting a car from an individual?

I need an extra car for 2 months, and all car rentals were $800/month and up. A friend offered to rent me his extra car for $450/month. He said it costs him $160/month for insurance, which sounds like ...
6
votes
6answers
2k views

I am thinking about cancelling my car insurance. Will there be any hidden costs down the road?

I own my car outright and just moved to a large city. Public transportation and access to a roommate's car makes transportation easy. I am thinking about storing my car at my parents house and ...
6
votes
4answers
2k views

Should I file an insurance claim for a door ding?

I purchased a new black sedan in January of this year. A few months back, the car was keyed, and therefore I filed an insurance claim and to get it fixed. Now, today, I find that the door has ...
6
votes
2answers
396 views

Rental Car Company or Insurance Provider: Whom Do I Call First?

Scenario: I have a 7-day rental on a car from Budget Rent-A-Car. I purchased the rental it with my Capital One Platinum MasterCard, which has rental car coverage. During the evening--below freezing ...
6
votes
2answers
861 views

How do I judge if I am being made a fair offer by a car insurance company?

My girlfriend got into an accident with her (registered under my name) 2003 Honda civic. She was pulling out of the drive way (taking a right, basically parallel to the road) and got hit on the ...
5
votes
5answers
9k views

How can I determine how much my car insurance will cost me?

I'm 25 and I've been rear-ended once when I was 16 or 17. I've never been in any other accidents or had any speeding tickets. I am currently on my mothers insurance and driving her car. I will be ...
5
votes
3answers
922 views

Vehicle in Garage Covered by Auto and Home Owners, Can I claim both?

Theoretical question here, I am just curious. No damage has occurred. if I were to have a Vehicle in a garage attached to the home and the home burned to the ground or was flooded and damaged the ...
5
votes
1answer
921 views

Car accident, my fault what happens with my insurance?

Today I was involved in a low speed accident. The driver in front was pulling into the roundabout and stalled his car. I hit the vehicle at around 5-10mph. My question is what happens with regards to ...
4
votes
4answers
589 views

Higher auto insurance costs: keep car or switch to public transit?

In the next couple months, my personal situation will change leaving me with an important decision to make vis-a-vis my vehicle and modes of transportation. My current situation: living in the ...
4
votes
3answers
152 views

UK Car Insurance Auto-renewal issues - premium doubled without reason

I recently received an Auto-renewal on my car insurance from my insurer. And it boggled the mind as it more than doubled the premium. It went from £960 a year to £1950. I caught up on the topic ...
4
votes
2answers
487 views

Going carless: how long before insurance no-claims benefits and good history become invalid should wish to become a car owner in future?

Going carless: how long before car insurance no-claims benefits and good history become invalid should wish to become a car owner in future? Update: Based in UK, would keep license. Reason for going ...
4
votes
2answers
246 views

How much liability coverage do I need for my car insurance?

My auto insurance policy is up for renewal soon, and I want to make sure I have the right amount of liability insurance. Currently we (my husband and I) have liability coverage for $100,000 per ...
4
votes
1answer
14k views

Car Accident - Can I get Cash/Check instead?

My vehicle (pick-up truck) was legally parked on a street and a car struck my truck and caused some damage to the body and bumper. When I called, the other driver's insurance company told me to take ...
4
votes
2answers
203 views

Equifax credit report insurance quotations

I have just ordered a credit report from equifax. The credit report shows up all healthy except for a large number of (genuine) 'insurance quotations'. These are car insurance quotations that I have ...
4
votes
1answer
474 views

Is it cheaper to use car Insurance or pay out of pocket?

My wife recently side swiped a building with our car. We know the building owners and they don't seem to be worried about any damage. A friend in the car body work business suggested it would be ~$...
4
votes
2answers
221 views

When driving in the USA, how do I insure against large third party claims?

I've been looking into travelling to the USA (CA specifically) later this year, and hiring a car whilst I'm there. As I understand the American legal system, if I should get into an accident and be ...
4
votes
1answer
139 views

No Claims Discount

In the UK, if I am involved in an accident that is not my fault will I lose my No Claims Discount? If the No Claims Discount is protected, can I still move to another insurer?
4
votes
1answer
508 views

Car Insurance: Driving Experience from Another Country

The background: I am from Lithuania originally. I got my driving license there and been driving for 5 years. I then moved to the United Kingdom. First thing I did is changed my Lithuanian driving ...
4
votes
1answer
227 views

What is the value of Personal Injury Insurance riders on an auto insurance policy?

I'm renewing my auto insurance policy and found that +10% of the renewal quote is for a Personal Injury Protection. My health insurance is adequate (for now) and the protection from the rider seems ...
3
votes
2answers
518 views

Car Insurance - Black box has broken and insurance company wants me to pay?

I have have had an insurance policy on my car for nearly 2 years now. It is one of those policies with a black box. Recently during hot weather the black box battery has swollen up and the case ...
3
votes
3answers
9k views

Can you get umbrella insurance from a different company from where you get your basic home/auto insurance?

I presently have auto and house insurance with a single company (call it company X). They have a local agent and the cost and responsiveness is quite nice, so I'd rather not leave them. However, the ...
3
votes
2answers
165 views

Insurance coverage for a difficult to find vehicle

How will a claim and potential lawsuit go for a vehicle which is only booked on Nada at $17k high retail, but would cost $25k - $35k or more to find a replacement in average condition/poor condition? ...
3
votes
3answers
2k views

How can I improve my auto insurance score?

My auto insurance score on Credit Karma is 805. It also says insurability is poor. I was wondering if there is a way to improve that score? I have never had an accident and I am never late on my ...
3
votes
2answers
164 views

What if other person claims car damage higher than actual (in USA)?

This is a hypothetical scenario but I'm thinking of it since I am going on a long trip within the United States. I currently have a car insurance that covers up to 15000$ damage to other cars. In ...
3
votes
2answers
173 views

How do I protect myself in this situation, and get a receipt for my payment?

Just over 3 weeks ago I bumped into someone's car on accident. There was no apparent damage to their car, but I insisted we exchange details in case. The person refused and said it was all right. ...
3
votes
1answer
192 views

Car stolen fully comp but SDP on my policy now Go Skippy won't pay out

I am fully comp with Go Skippy, but on my policy it states SDP. I got called in to work last minute (at a supermarket). So I drove, which I don't usually as I catch a lift with a friend. When I ...
3
votes
1answer
457 views

liability vs collision coverage

I live in Washington State. I have a reasonably cheap car. I am not afraid to replace it if I have to so covering for damages isn't a problem. Additionally, I have a good job with good health care. I ...
3
votes
1answer
3k views

Car Insurance Bill: Should I pay the minimum amount due or the statement balance?

According to my USAA auto insurance bill: minimum amount due: the lowest amount due for your policy to remain current statement balance: the balance of your billed policy premiums at the time of your ...