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Cheapest bare minimum insurance?

when i started i chose mcgraw because i thought it was cheapest... i then discovered with my multicar, multiline, and loyalty discounts State Farm was waaay cheaper...
 
Again, thanks for all the replies dudes.

Just trying to cover my legal ass here.

Any and all inputs are appreciated.
 
Wow, surprised to hear about poor Geico and Progressive service. Geico was great when I hit the deer and I'm still friends with a bunch of Progressive adjusters.
Some questions to ask when purchasing a motorcycle policy. Especially with respect to collision and comprehensive coverages. Does my insurance wrap around a borrowed motorcycle. If I rent a motorcycle am I covered. Is any gear covered?
This is where you really learn the value of a policy. We just switched the bikes to Allstate. Statefarm still has the cars and trucks.
 
I had CA state min....

23 with more points then most (no DUI or accidents though, jsut a lead wrist)

zx6

I paid under 180 a year with NBI (I think they are now called titan)
 
Archimedes said:
Why insure at all? Minimum insurance is barely better than no insurance at all, the levels of coverage are a joke.... Best of luck going bankrupt when you t-bone a car and your insurance doesn't come close to covering the liability you have to the victims. What's that saying about being penny wise and pound foolish...
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OK guys, short lesson here. You insure to protect your own assets. If you have no assets, you don't need much in the way of protection (you can't get water from a dry well). I have a few assets and insurance to match but if I run over Bill Gates, my policy may not be able to cover his loss but it will cover mine. Driving a Ferrari with 15, 30, 5 is probably a mistake. If you are making 6 bucks an hour and living in your Mom's basement, it might be enough.
 
Happy Hornet said:
Wow, surprised to hear about poor Geico and Progressive service. Geico was great when I hit the deer and I'm still friends with a bunch of Progressive adjusters.
Some questions to ask when purchasing a motorcycle policy. Especially with respect to collision and comprehensive coverages. Does my insurance wrap around a borrowed motorcycle. If I rent a motorcycle am I covered. Is any gear covered?
This is where you really learn the value of a policy. We just switched the bikes to Allstate. Statefarm still has the cars and trucks.
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non-owners insurance, and most rental places have one day insurance...
 
imurdaddy415 said:
I have super high limits on my insurance for this exact reason. It would suck it hit a Ferrari or some exotic car in the hills.
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You need to add up your assets then decide what kind of liability you need. If you're worth a cool million, you need to at least cover that. If you're at three grand, you can get by with the minimum.

Personally, I'd talk to a few different companies and find out what best suits you and go from there.
 
russ69 said:
OK guys, short lesson here. You insure to protect your own assets. If you have no assets, you don't need much in the way of protection (you can't get water from a dry well). I have a few assets and insurance to match but if I run over Bill Gates, my policy may not be able to cover his loss but it will cover mine. Driving a Ferrari with 15, 30, 5 is probably a mistake. If you are making 6 bucks an hour and living in your Mom's basement, it might be enough.
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ian408 said:
You need to add up your assets then decide what kind of liability you need. If you're worth a cool million, you need to at least cover that. If you're at three grand, you can get by with the minimum.
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But hang on. If I cause $50K of damages while totaling Bill Gates' 3 Dodge Neons, don't I need to pay for that? Can't a judge find me guilty, order my insurance to pay my minimum liability coverage, garnish my wages and order me to pay the balance, even if it takes 50 years? I don't think I can automatically walk away from liability debt just because I don't have 2 pennies to scratch together, or because Gates didn't have sufficient under insured coverage. I could file for bankruptcy, but that too would suck.

I think liability ought to be proportional to the type of damages I believe I can cause with my bike, so I can walk away from the accident with peace of mind.
 
InNoHurry said:
I think liability ought to be proportional to the type of damages I believe I can cause with my bike, so I can walk away from the accident with peace of mind.
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Then you should have millions in coverage because the worst you could do is not wrecking Bill's Neon. What if you kill Bill's only child who happened to be driving Bill's Neon?

The very best thing you can do is go figure out what you're worth then go talk with several insurance agents and find out what is best for you.

BTW, don't just seek an opinion/quote from the likes of State Farm/AAA/Farmer's but also an independent broker as well.
 
ian408 said:
Then you should have millions in coverage because the worst you could do is not wrecking Bill's Neon. What if you kill Bill's only child who happened to be driving Bill's Neon?
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But then I'd be tried in criminal court for murder, voluntary manslaughter, involuntary manslaughter, etc, and if found guilty, I'd go to jail and no amount of insurance can get me out of there. I could also be tried in civil court --think OJ--, and if found liable for damages in a wrongful death, then I may have garnished wages --again, OJ.

I'm neither an insurance specialist or a lawyer, so by law I cannot dispense legal advice. But I think we view insurances from different points of view.

Don't take me wrong, I want my assets protected, but I see insurance as my responsibility towards fellow citizens in case I cause damages to and/or harm them. If I lose control of my bike, crash through your kitchen window, break your china and send you to a hospital, I want to make sure I can reasonably restore your life to the moment before I arrived in your life. There are no guarantees in life, life is a constant game of rolling the dice, but I can't consciously tell you, "Hey, Ian, I know I fucked up your life, but you're on your own, man, because I earn $6/hour and live in my mom's basement." What kind of a person would I be? A total dead beat irresponsible ass? Do you want that type of guy driving in your neighborhood?

A few years ago, a tenant of ours caused $5K of water damages in our condo. I asked him to use his renter's insurance and he explained he didn't renew it because renter's insurance is for his belongings only and he didn't own much. Wrong answer, and the small claims court also disagreed with him. And renter's insurance is less than $20/month, less than half a tank of gas.

Same for auto insurance. The difference between bare minimum and decent coverage is negligible, less than a cheap movie date. So why risk?

Again, I think we differ in approaches. I trust you have good insurance.
 
InNoHurry said:
But hang on. If I cause $50K of damages while totaling Bill Gates' 3 Dodge Neons, don't I need to pay for that?
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What lawyer is going to take a case when the only defendant has no money? Lawyers are looking for deep pockets, no deep pocket, no case and unless there is willful disregard, no judge is going to penalize you for an accident, you won't even see a judge, except maybe small claims.
I'm not saying to be irresponsible, if you have the money for good coverage, go ahead and protect yourself but if you have trouble finding two dimes to scrape together, you really don't need much coverage.
 
russ69 said:
What lawyer is going to take a case when the only defendant has no money? Lawyers are looking for deep pockets, no deep pocket, no case and unless there is willful disregard, no judge is going to penalize you for an accident, you won't even see a judge, except maybe small claims.
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A nation run by lawyers. :(
 
russ69 said:
And that's why you have insurance to protect your asset.......
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Undoubtedly we should carry insurance to protect our assets. Nevertheless, if you come over for supper, bring your dog, and the dog ruins my persian rug, I'm sure you being a stand-up guy will say, "Sorry, Marc, my bad. Here's my insurance card. Let's get you a new rug."

Right?

You are a stand-up guy, aren't you?
 
InNoHurry said:
But then I'd be tried in criminal court for murder, voluntary manslaughter, involuntary manslaughter, etc, and if found guilty, I'd go to jail and no amount of insurance can get me out of there. I could also be tried in civil court --think OJ--, and if found liable for damages in a wrongful death, then I may have garnished wages --again, OJ.
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First of all, you may not be held criminally responsible for your accident.

You could be held responsible in civil court and ordered to pay far more than your insurance covers.

If you want an example; look at the bicycle rider who was run over by the truck. The rider, according to the CHP's findings, was found responsible for the accident but the driver did kill her when his truck ran her over--the family has already filed a wrongful death suit.

Could you cover the 1 or 2 million the family will likely settle for without bankruptcy?

InNoHurry said:
There are no guarantees in life, life is a constant game of rolling the dice, but I can't consciously tell you, "Hey, Ian, I know I fucked up your life, but you're on your own, man, because I earn $6/hour and live in my mom's basement." What kind of a person would I be? A total dead beat irresponsible ass? Do you want that type of guy driving in your neighborhood?
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That is why I have insurance. To protect against your being uninsured or under insured. It's also why we have the judicial system.

As far as making $6/hour (min wage is higher than that) and living in mom's basement? Irrelevant to who you are as a person.

As far as deadbeats go, I've been the victim of two already so I am familiar. In both cases, I was made whole by my insurance.

InNoHurry said:
Again, I think we differ in approaches. I trust you have good insurance.
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Perhaps we do and I will answer your question by saying I know what I need as far as insurance goes and I am adequately covered.
 
InNoHurry said:
Nevertheless, if you come over for supper, bring your dog, and the dog ruins my persian rug, I'm sure you being a stand-up guy will say, "Sorry, Marc, my bad. Here's my insurance card. Let's get you a new rug." Right? You are a stand-up guy, aren't you?
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I am, that's why I leave my dog at home.
 
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