Liability only?

[rick3000]

I am sure anyone with liability only coverage that totaled their car ended up regretting it. I have full coverage, because like any insurance it's a safety net and protects me in the event that something does happen. Plus my Boxster is a DD, so it makes sense.
It's all measuring risk, if your only driving on the weekends and good driver I don't see why you need full coverage. But if somethings does happen (it's impossible to say now) you might regret it.

[Lil bastard]

I have carried full coverage on at least 3 cars (as many as eight) since Nixon was in the White House and have never had a single claim... not one!

Yea... it irks me to write the check, but then again, I have been well covered. The fact I've never used it didn't diminish the security it provided.

My Boxster is on specialty insurance, - Liability + Agreed Value. Mileage limited to 5k/yr.+carryover (which I've never come close to exceeding - own 4 other cars between 2 people, and I office from home - no daily commute) - annual premium $244.

I do have a mid-'90's SUV (the 'Mule') which has less than 100k on it and is still in excellent shape both mechanically and aesthetically - have spent less than $50/yr. on upkeep the past 5 yrs. It's used through the winter and as the hauler. 2 yrs. ago I dropped the collision because the market value for it is essentially non-existant. I couldn't get $500 for it today, but it's worth much more than that to me. But that's the only car I've ever, or would ever, consider not having full coverage for.

IMHO, carrying limited coverage on a Boxster is the essence of 'False Economy'. If it's not a DD, consider looking into specialty coverage instead of dropping full coverage.

You may say you've saved $10k - $20k through the years, and undoubtedly you may have, but that is in no way a raving endorsement of your practice. In reality you've only been lucky... but others may not be. Proper insurance mitigates reliance on luck.

[crios]

I have full coverage, max on everything and live in CA with 18 years of driving experience.

My car is listed as a pleasure vehicle as well, which makes my insurance cheaper than usual, 6K miles driven a year or less.

My current break down (per year) is:
$789 per year for full coverage (with 1 point on my record and $1000 deductable)

$329 – Bodily Injury – 250K/500K
$104 - Uninsured Motorist – 250K/500K
$239 – Collision
$78 – Comprehensive (other than Collision)
$25 – Rental Car
$14 – Waiver of deductible (Uninsured Motorist)

I highly….highly recommend the last one. I’ve been hit twice by an uninsured motorist…once totaling my 99 Boxster. Worst thing is paying your own deductible when it was not even your fault.



If you want to save some money, raise you deductable. Most damage on our cars is always a couple of thousand. If less, in my opionion, better to pay out of pocket than to have your rates go up. You can also save some money if you use the same insurance carrier for your home owners insurance. I use Travelers and have had about 4-5 different incidents in 18 years and have always been impressed with their service. Plus they also helped get me my 03 below when my 99 was totaled