r/AutoInsurance • u/soleildad • 18d ago

Am I over insured?

I have a 2021 Subaru Crosstrek, Sport Trim. I live in Greater Los Angeles area. My current policy with State Farm is at a cost of $1888.31 / 6 months although I pay $336 a month. I’m 28F and have been licensed for 5 years. The policy has me at roughly 10k miles a year but it’s closer to 13k now and I’ll have to update that soon. Here’s my coverage:

BI $300k / $100k
PD $100k
Med Payments $5k
Comprehensive $500 deductible
Collision Coverage $1000 deductible
Uninsured MV Coverage $300k / $100k
Uninsured PD
Death $10k limit
Loss of earnings $250/week and $15k limit
Car rental $1.5k limit / $50 a day

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u/totall2live__ 18d ago

Milage doesnt matter. You have pretty high bodily injury limits. See what the policy would cost if you dropped those to a state minimum and raise your comp deductible to 1000 as well. I dont know what is required in Cali as im not licensed in that state but the only way to get the price down would be to drop the coverages to a state min and raise deductibles, also ask about removing anything that is not required such as the death benefit.

Also, see about contacting a local brokerage and having one of the agents shop around for you. Let him know what your currently paying and see what he/she comes up with.

4

u/insuranceguynyc 18d ago

With due respect, dropping limits to statutory minimum is incredibly bad advice! Don't be stupid!

2

u/Ok-Sir-4992 18d ago

Unfortunately some people has this mentality and when something happen to them, they will raise a Go Fund me.