Do you insure liability or full on your SC?
#1
Do you insure liability or full on your SC?
These cars are generally valued under $5000.
I want to know what other SC owners are getting liability only or comprehensive
It would be understandable if you have modifications that are insured with additional riders.
But I think for unmodified cars the expense come from maintaining it with OEM parts when possible, the insurance company would never care you put in costly parts to maintain the car.
I saw the other post the OP got $5k and $500 buyback for her car, it seems like she got quite a deal on that settlement, but I am not sure if that is always the case with a different company or different car.
The reason I ask, is because adding comprehensive is IMO a big difference in yearly premium,
(I opt forthe maximum limit which is $1M instead of the state legal $15/$30k etc, but that's another story.)
I want to know what other SC owners are getting liability only or comprehensive
It would be understandable if you have modifications that are insured with additional riders.
But I think for unmodified cars the expense come from maintaining it with OEM parts when possible, the insurance company would never care you put in costly parts to maintain the car.
I saw the other post the OP got $5k and $500 buyback for her car, it seems like she got quite a deal on that settlement, but I am not sure if that is always the case with a different company or different car.
The reason I ask, is because adding comprehensive is IMO a big difference in yearly premium,
(I opt forthe maximum limit which is $1M instead of the state legal $15/$30k etc, but that's another story.)
#2
Lexus Champion
iTrader: (8)
My SC is 19 years old and if it gets a scratch they'll total it. I have liability only and it's a daily driver. I do however have a $500,000 maximum limit for both collision and medical.
Long story short, I know someone who got into an accident about 10 years ago that settled in a civil case at $80,000, and the insurance was limited to $25,000. This person had to pay $55,000 out of pocket monthly payments for 7 straight years.
Long story short, I know someone who got into an accident about 10 years ago that settled in a civil case at $80,000, and the insurance was limited to $25,000. This person had to pay $55,000 out of pocket monthly payments for 7 straight years.
#3
I just got quoted a liability only premium was a few dollars less than my older car because the SC has air bags and ABS.
And just curious if I were to add $500 comprehensive deductable and $1000 collision deductable the premium is extra $192 per year. Something to think about.
As I read the other thread getting totalled isn't necessary bad IF the assessment is good and buy back is low, it's wrong not to buy it back! Now I understand what I'm seeing on craigslist now, people trying to get $2000 for a dented running car when they only spent $500 to buy it back.
And just curious if I were to add $500 comprehensive deductable and $1000 collision deductable the premium is extra $192 per year. Something to think about.
As I read the other thread getting totalled isn't necessary bad IF the assessment is good and buy back is low, it's wrong not to buy it back! Now I understand what I'm seeing on craigslist now, people trying to get $2000 for a dented running car when they only spent $500 to buy it back.
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#10
I'm 23 and liability was only going to be like $35 a month. Full coverage is quoted $74 - $110 depending on deductible.