How much car insurance do you really need?

Question

like do you need medical or pip, all that extra stuff?

Answer 1

For auto insurance the quick way to get a low quote is do a rate comparison on car policies. Make sure that you pick similar options with the same deductibles, car model, location, etc so that all things are a good comparison.



What I usually recommend is an internet comparison quote at http://www.InsureAutoNow.info since they have big name insurers and can give many prices on car insurance polices.

Answer 2

A lot of factors to consider. If your passengers have health insurance you probably won't need PIP. Rental coverage is extra but costs so little you may as well buy it (just imagine having to bum rides or rent your own car for 40 days while yours is being repaired after a collision). You always need LOTS of liability. $10,000 of liability may be really cheap but but it won't seem that way if you crash into a brand new Benz or, God forbid, a school bus with forty kids on board. You could lose everything you own in an instant all for the sake of an extra $300.00 per year in insurance premiums. If your car is financed you are required to have comprehensive and collision but you can save a bundle if you raise your deductibles to $1,000 but be sure and have this amount on hand in the event of a loss. Only you can evaluate your specific needs.

Answer 3

Depends on your assets, future assets and what state you are in. In California and Utah, the courts are now allowed to award the following: everything but $20,000 in equity in your home, savings and any other liquid assets, AND up to 1/3 of your wages for up to 10 YEARS. You should discuss this with your insurance agent, if you have one.

I've had good results here...

http://www.surveyland.org/jump.php?link=...

Good Luck.