What To Consider When Getting New Car Insurance

What To Consider When Getting New Car Insurance #insurance #car #lawyer #law

[unlazyfree]

I was hit by a car (as a pedestrian) and my underinsured coverage saved me. The lady had the state mim 25k liability coverage

[allbrightallday]

Check your state too. You will need to determine if your state is a difference or add on state for UIM. Do your research because this is worth knowing.

[jbbubdt]

Also, many don’t know that their UM/UIM coverage follows them in and out of their vehicle. It applies whether you are walking down the street, on a bicycle, in someone else’s car, etc.

[mathewginty]

My profession is car insurance and I tell everyone I talk to that liability and Uninsured and Underinsured are the most important ones to have

[susanvonthun]

June 20, 2006. Underinsured driver illegally entered a crossover lane on the blindside of a semi who was legally waiting for my car to proceed before he executed his turn. I knew the truck driver heroically tried to warn the wayward driver that he was making a tragic mistake. The driver in the wrong wound up t-boning my car & landing on top of me. We were very close to a fire station whose personnel heard the crash & started running to us before the ambulance could load up & pull out. They got to my passenger first as I was beneath the pickup truck & presumed dead. Shocked the hell out of everyone when I started to talk to them. My passenger died 5 days later. I went back to work 3 months later in a wheelchair. The driver at fault had the lowest insurance legal in our state at the time. I carried as much as I could afford. I didn’t have much left over after everything paid out which took over 2 years but I was able to save my house & paid off the medical bills. The guy who hit me couldn’t figure out what the fuss was about. I wish I could say he finally wised up but I heard he didn’t. Insurance Pays Off.

[BiafraRepublic]

Former telephone insurance sales here!

The premium costs of Uninsured/Underinsured Motorist (relative to the premium for your whole policy) doesn't add much to your total insurance premiums. If you're looking for insurance savings and need to cut coverage somewhere on your policy, look elsewhere.

[GOATexp]

Definitely look into it if you’re in Louisiana. I think it’s like 40-50% are uninsured or underinsured and so it causes a ton of issues and a lot of lawsuits. Monthly rates are freaking crazy for most folks

[griffinmadden]

I work in the insurance industry and one other coverage that’s can save you in crazy times is Personal Umbrella Policy (PUP) gives you an extended 1.5m to 2m after your 500k liability potentially runs out if someone is feeling extra spicy when they sue you. Best part is usually only $25-$50 a month and protects all assets you personally own!

[MLPTechnoColt]

"Get liability insurance that matches your net worth."

*looks inside my empty wallet* Guess I don't need liability insurance.

[rubixmanx]

Comprehensive/Collison is super important. I got into a car accident last year. It's still currently being disputed who's at fault, but because I had collision, they paid me out because collision doesn't care about fault. Without it, I wouldn't have been able to get the replacement car I have now.

[adamward]

Slinging that solid advice and saving heartaches. You're a good dude. All monetization or pay aside, please keep giving us good advice.

[kittyDixon]

Very true, sadly I live in Florida and that kind of coverage will cost you about as much as you are paying for your car each month ( even with no points, no tickets, over age 25, multi car and multi line disocunts) it's so crazy here.

[Racstacko]

Right when Covid started I got into a very minor fender bender because this lady break checked me, we traded insurance and went on our way a year later I got a notice saying I was being sued, she tried to say I was the reason she couldn’t work (even though it was Covid) and she was now afraid to drive, she also tried to sue me personally as well, saying I was underinsured when I had a 20k liability plan, but my insurance ended up settling for close to that 20k

[FPrcqFQ]

In Spain, the legal minimum insurance includes a compensation consortium, which is a state fund that covers what needs to be put in and then, once paid, claims from the appropriate party, but It does not leave the innocent party unprotected.

[Unknown]

This is great advice for people who have so much money, they don't care what their insurance costs.

[nikkilee]

I have three teenagers and a young adult. I just used your video to help them gain a better understanding of buying insurance. Thank you!

[littlejack]

My mom has been trying to look for ANY insurance right now
They dont want nobody in cali and they especially don't want us because we had 1 BS claim made against us that our previous company paid out without consulting us.

[LordVis]

I used to work as an insurance agent for a major insurer, and I definitely agree.

[italy]

Previously worked as an insurance agent with a couple different companies. Some states/companies will also split uim/um. Uninsured the other person has no insurance, also counts hit and runs. Or under insured they have low coverage levels and you use your own coverage to bridge the gap. They dont always if you only have 1, for example only uninsured....but the person who hits you has state minimums.... your insurance company can shrug it off, the 20k or so the other person has is 'good enough' they pay nothing extra and you're be careful which coverage you are looking at, get both if you can swing it!

[TeddGCM]

UM is so important. Always, always get it! Some states, like mine, limit the co-pay to $200. So if you are hit by someone with no insurance, you only have to pay $200 and the rest the insurance will cover (based on the amount of coverage you have)