- This topic has 4 replies, 1 voice, and was last updated June 25, 2008 at 10:08 pm by .
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Insurance is always a risk vs. cost game but one option is to increase your deductible. It usually makes a significant difference in your monthly/yearly premium. Even if you put half of the premium difference into a savings account, you'll probably still have enough saved should you be in an accident to cover the increased deductible. And glass insurance is usually not worth the extra it costs to buy it. Check on the cost of a replacement windshield and how much you would have to pay, then see if it's really worth it.
You have a very good driving record and if any potential accident was caused by another person, their insurance company would be liable for a rental, repairs, etc – replacement very rarely covers the cost of a vehicle whether you're insured or not. If you don't rent cars very often for vacations, etc, it may just be cheaper to buy the insurance through the rental agency each time you rent a vehicle.
A good insurance agent should be able to discuss the pros and cons of each item on your coverage policy to help you make the best choice possible for you.
On Wed, Jun 25, 2008 at 3:08 PM, Consuelo's Tupperware Store for Help and Sales <extreme4both@yahoo.com> wrote:
I've learned today my liability coverage decreased. I also learned
my collision, rental and comprehensive coverages increased $83.53 for
6 months keeping the $250 deductibles for each. I've been driving 21
years without tickets or accidents. Customer service assured me the
increase was not anything I did but it has occurred statewide.
My question to you, since I am concerned, is what to do when my
financing ends for my vehicle. On one hand, if I keep the coverages
as they are, I will be fine should there be a car accident, fire,
theft or vandalism. On the other hand, if I end the collision,
rental and comprehensive coverages, my 6 month policy would drop
dramatically, but should there be a car accident, fire, theft or
vandalism, everything would fall on me financially including repairs
and car rental.
My underinsured, uninsured and roadside assistance did not change.
I've done policy comparison periodically but Progressive keeps
winning.
I owe $9000 which will end Oct 2009, if I can manage it sooner.
One driver
One vehicle
Discounts I receive:
Odometer discount 5% (2004 trailblazer acquired Oct 2003 8 miles now
has 50,009 miles).
Homeowners' discount
Electronic payment discount
My extended warranty coverage bumper to bumper mechanical covered new
gas tank, rodent damage has been paid off.
What would you do and why?
Thank you,
Consuelo
.
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