- Is it better to have a higher deductible for car insurance?
- Do you really need collision coverage?
- What types of insurance are not recommended?
- What are good limits for auto insurance?
- What does Dave Ramsey say about cancer insurance?
- What are the 4 types of insurance?
- What happens if you have no collision insurance?
- What does 25 50 15 Mean on an auto insurance policy?
- When should you stop paying for collision insurance?
- Can I sue for more than the defendant’s insurance policy limits?
- What auto insurance does Dave Ramsey recommend?
- What happens if accident damage exceeds your car insurance?
- Is Blue Cross or Aetna Better?
- What happens if you have no collision coverage?
Is it better to have a higher deductible for car insurance?
The short and simple answer to this question is yes; if you increase your deductible, you will save money on your premiums.
However, this will truly depend on your own individual circumstance.
In short, the higher deductible you choose the lower the premium…
Do you really need collision coverage?
Collision insurance isn’t mandatory in any state, but lenders typically require it if you finance or lease a car. Here’s a little more about what collision car insurance will — and won’t — pay for, plus how to know if it’s worth the cost.
What types of insurance are not recommended?
Accidental death insurance. … Automobile collision. … Automobile medical. … Cancer/dreaded disease insurance. … Credit card insurance. … Credit card fraud insurance. … Extended warranties. … Flight insurance.More items…•
What are good limits for auto insurance?
Unless your income and assets are minimal, buy at least $100,000 per person, $300,000 per accident. Property damage: Property-damage liability covers repair or replacement of other people’s cars and property. State minimum limits average about $15,000.
What does Dave Ramsey say about cancer insurance?
ANSWER: No, I don’t recommend cancer insurance. I recommend good health insurance that, by the way, will cover you in the event of cancer. Why would you need more? You need to look at your health insurance policy.
What are the 4 types of insurance?
Most experts agree that life, health, long-term disability, and auto insurance are the four types of insurance you must have.
What happens if you have no collision insurance?
If you total your car with no collision insurance, then your insurance will not reimburse you for the value of your vehicle. Collision insurance pays to repair or replace your car after an accident, so without it, you might have to pay out of pocket to replace the car.
What does 25 50 15 Mean on an auto insurance policy?
So, for example, if you own a 25/50/15 policy the “25” means that your carrier will pay out up to $25,000 for each person injured in an accident that was your fault. … The 25/50/15 policy-holder is covered up to $15,000 for damaged property in an at-fault accident.
When should you stop paying for collision insurance?
You should drop your collision insurance when your annual premium equals 10% of your car’s value. If your collision insurance costs $100 total per year, for example, drop the coverage when your car is worth $1,000. At that point, your insurance payments are too close to your car’s value to be worthwhile.
Can I sue for more than the defendant’s insurance policy limits?
If your damages are greater than the defendant’s insurance policy limits, you may be entitled to a judgment for more than the policy limits. You could potentially recover the remaining judgment by garnishing the defendant’s wages or putting a lien on their property.
What auto insurance does Dave Ramsey recommend?
Even if your state doesn’t require liability insurance, it’s a good idea to have at least $500,000 worth of coverage that encompasses both types of liability coverage—property damage liability and bodily injury liability.
What happens if accident damage exceeds your car insurance?
Answer: Yes, if your car insurance liability limits are exceeded, due to the damages you caused in an auto accident, you can indeed be held personally responsible for expenses that are not covered. Your car insurance company will pay up to the limits that you bought and not a penny more.
Is Blue Cross or Aetna Better?
We’ve made it easy to compare companies side by side. See how Aetna and Blue Cross Blue Shield ranked among the industry ratings….What is Aetna and Blue Cross Blue Shield Insurance Rating?ComparisonAetnaBlue Cross Blue ShieldFinancial StrengthExcellentExcellentA.M. Best RatingA+A5 more rows
What happens if you have no collision coverage?
If you don’t add comprehensive and collision, your vehicle will have no coverage under your car insurance policy. If you’re at fault in an accident, collision coverage is the only way to make a car insurance claim for your vehicle’s damage or total loss. Without it, you’ll have to pay out of pocket yourself.