Reply to thread

Message

<blockquote data-quote="Red Headed Stranger" data-source="post: 6098063" data-attributes="member: 90351">Several other posters mentioned shopping your insurance around every couple of years.&nbsp; This is good information.&nbsp; If you think about it, the car that you insure as a brand-new car has a premium attached to it.&nbsp; If you look at your policy over 10 years, the cost for insuring that auto rarely goes down.&nbsp; If you insure with a different company, they look at the value at the time you insure it (let&#039;s say $15,000 versus the $25,000 new price.)&nbsp; You&#039;ll pay less in premiums when you switch over to a new carrier.&nbsp; Another worthwhile coverage is uninsured/underinsured motorist.&nbsp; Cost is normally less than $2 per month.&nbsp; If you happen to be hit by someone who is carrying &quot;state minimum&quot; coverage (i.e. $25,000) and your new truck cost $75,000, it will make up the difference so you&#039;re not out $50,000 if your new truck is totaled.&nbsp; Uninsured motorist is self-explanatory.Always check the AM Best rating to make sure who you are insuring with is financially stable and has good claims-paying experence.</blockquote>

[QUOTE="Red Headed Stranger, post: 6098063, member: 90351"] Several other posters mentioned shopping your insurance around every couple of years. This is good information. If you think about it, the car that you insure as a brand-new car has a premium attached to it. If you look at your policy over 10 years, the cost for insuring that auto rarely goes down. If you insure with a different company, they look at the value at the time you insure it (let's say $15,000 versus the $25,000 new price.) You'll pay less in premiums when you switch over to a new carrier. Another worthwhile coverage is uninsured/underinsured motorist. Cost is normally less than $2 per month. If you happen to be hit by someone who is carrying "state minimum" coverage (i.e. $25,000) and your new truck cost $75,000, it will make up the difference so you're not out $50,000 if your new truck is totaled. Uninsured motorist is self-explanatory. Always check the AM Best rating to make sure who you are insuring with is financially stable and has good claims-paying experence. [/QUOTE]

Verification