Insurance Question
07-13-2005, 07:37 AM
#2
Senior Member
Join Date: Jan 2003
Posts: 474
yes. the higher he will be responsible for, the less the insurance will have to pay incase of something happens..
if is deductable is $500 that means your responsible for 500 of the total price. $500 less the insurance has to pay towords damages, hence...lower premium, smaller payments
if is deductable is $500 that means your responsible for 500 of the total price. $500 less the insurance has to pay towords damages, hence...lower premium, smaller payments
07-13-2005, 07:44 AM
#3
Nations 1st 6th Gen Turbo
iTrader: (15)
Join Date: May 2005
Location: Displaced New Yorker in Southern, MD
Posts: 10,202
Originally Posted by Geophrum
yes. the higher he will be responsible for, the less the insurance will have to pay incase of something happens..
if is deductable is $500 that means your responsible for 500 of the total price. $500 less the insurance has to pay towords damages, hence...lower premium, smaller payments
if is deductable is $500 that means your responsible for 500 of the total price. $500 less the insurance has to pay towords damages, hence...lower premium, smaller payments
07-13-2005, 07:51 AM
#4
Senior Member
Join Date: Jan 2003
Posts: 474
true, i have $100 deductable for both my cars. my insurance can let me go up to $1000 on my maxima (Credit Union) but only up to $500 on my magnum (Chrysler Financial)... depending on the financial instatution and insurance company.
strange that the more expensive car has a lower max deductable. meaning if its in an accedent it will cost them a hellof a lot more... knock on wood that wont happen, but then again....my wife is driving it... hahahah
strange that the more expensive car has a lower max deductable. meaning if its in an accedent it will cost them a hellof a lot more... knock on wood that wont happen, but then again....my wife is driving it... hahahah
07-13-2005, 10:29 AM
#8
Originally Posted by 2kprlmax
Ok because I am paying $1000 deductable and $300 a month. Would it be wise to raise it more on a 5 yr old car
At 30, age shouldn't be a factor anymore.
NYC insurance is normally high though.
07-13-2005, 10:52 AM
#9
Donating Maxima.org Member
Join Date: Jul 2002
Posts: 188
Originally Posted by 2kprlmax
Ok because I am paying $1000 deductable and $300 a month. Would it be wise to raise it more on a 5 yr old car
07-16-2005, 03:36 PM
#13
Senior Member
iTrader: (7)
Join Date: Dec 2004
Location: Alexandria, VA, & Central Jersey
Posts: 2,647
i'm in nj, got into one small fender bender, n one car totalled. i'm paying $300 a month with no full coverage. i was payin $400 a month before. If you don't think that your car is worth it, then don't get full coverage. i don't have it because i bought the car for kinda cheap in a way. so it be pointless if i had full coverage, plus i have no clue how much it would cost for me to put full coverage on my car..
07-17-2005, 07:39 AM
#14
Nations 1st 6th Gen Turbo
iTrader: (15)
Join Date: May 2005
Location: Displaced New Yorker in Southern, MD
Posts: 10,202
Originally Posted by ImmaSquashYou
i'm in nj, got into one small fender bender, n one car totalled. i'm paying $300 a month with no full coverage. i was payin $400 a month before. If you don't think that your car is worth it, then don't get full coverage. i don't have it because i bought the car for kinda cheap in a way. so it be pointless if i had full coverage, plus i have no clue how much it would cost for me to put full coverage on my car..
07-20-2005, 09:34 AM
#15
this is true becasue I called my agent and now I will be with progressive for 206 a month full coverage. Thats a 100 saving a month
Originally Posted by chernmax
Most all insurance companies have web sites that you can get a free quote from, shop around, the money you save may just be your own...
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