IWSTI.com: Subaru STI Forums - View Single Post - Insurance Discussion / FAQ --- What you need to know

**Kevin** · 10-03-2007, 10:30 AM

I know some states require that drivers carry minimum liability coverage, but the Insurance Information Institute warns that state minimums nationwide do not provide sufficient coverage in the event of a serious accident. If I am involved in a serious car accident, I would like to rest assured my car will be repaired to my satisfaction or replaced.

What is a sufficient amount of coverage in your opinion?

This is a very tough question to answer. My personal thoughts and coverages are as follows: Firstly, cars are getting more and more expensive. So the typical 15/30/5 coverage is not enough. Secondly, people are more litigious than ever, so to avoid any legal issues arising out of my negligence, I want to make sure that I have a large amount of liability coverage. Since I have a home, business, family etc etc, I have a lot to lose. And thirdly, the people in my car are very important to me. If someone hits us who is uninsured, or underinsured, I want to make sure that I have adequate coverage. So, with that said, I have 250/500/250 Bodily injury/Property damage and 250/500 UN/UD insured motorist coverage.

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What do the number mean in my coverage amounts (250/500/250 - 250/500)?

This means that I am covered for 250K per person in the other car, not to exceed 500K for the entire accident. And I have 250K in property damage. The first set of 3 numbers (250/500/250) shows my “liability” limits. The second set of two number (250/500) shows the coverage I have on MY vehicle if someone hits us who is Uninsured or Underinsured. So I have 250K coverage per person in my car, not to exceed 500K for the entire accident.

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What are some of the major factors that affect my auto insurance premiums?

Age, Sex, Marital status, Violations, accidents, vehicle type, credit rating, Job, Education, Number of miles driven to work, Annual miles driven, Theft deterrent devices, multi policy discounts.

10-03-2007, 10:30 AM	#4
Kevin Admin Car: Silver 2004 STI Fav Mod: The Driver Location: Southern California Posts: 11,948 Join Date: Jan 2001 Trader Rating: (1)	Re: Insurance FAQ I know some states require that drivers carry minimum liability coverage, but the Insurance Information Institute warns that state minimums nationwide do not provide sufficient coverage in the event of a serious accident. If I am involved in a serious car accident, I would like to rest assured my car will be repaired to my satisfaction or replaced. What is a sufficient amount of coverage in your opinion? This is a very tough question to answer. My personal thoughts and coverages are as follows: Firstly, cars are getting more and more expensive. So the typical 15/30/5 coverage is not enough. Secondly, people are more litigious than ever, so to avoid any legal issues arising out of my negligence, I want to make sure that I have a large amount of liability coverage. Since I have a home, business, family etc etc, I have a lot to lose. And thirdly, the people in my car are very important to me. If someone hits us who is uninsured, or underinsured, I want to make sure that I have adequate coverage. So, with that said, I have 250/500/250 Bodily injury/Property damage and 250/500 UN/UD insured motorist coverage. ================================================== ====== What do the number mean in my coverage amounts (250/500/250 - 250/500)? This means that I am covered for 250K per person in the other car, not to exceed 500K for the entire accident. And I have 250K in property damage. The first set of 3 numbers (250/500/250) shows my “liability” limits. The second set of two number (250/500) shows the coverage I have on MY vehicle if someone hits us who is Uninsured or Underinsured. So I have 250K coverage per person in my car, not to exceed 500K for the entire accident. ================================================== ====== What are some of the major factors that affect my auto insurance premiums? Age, Sex, Marital status, Violations, accidents, vehicle type, credit rating, Job, Education, Number of miles driven to work, Annual miles driven, Theft deterrent devices, multi policy discounts.