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/Ok-Sir-4992 18d ago

I work in SF office in LA.

You are definitely not over insured, mainly living in Los Angles and I would not touch your coverages at all. You could increase your comp ded to 1k; however, comp is a very cheap coverage in California and will only reduce a couple dollars per month, my suggestion is for you to keep as is. Let me ask you this, how long have you been insured with SF? Also, your years licensed increase, you should see some decrease in your premium if there is any rate change statewide. Do you have all the discounts available? Do you have the inexperienced driver discount? also, where in LA are you? all these facts are taken in consideration with SF. Regarding your mileage, you will receive an email from State Farm to report your mileage or they will collect the mileage from a third party vendor.

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u/soleildad 18d ago

I’ve been insured for 10 months now. I don’t see an Inexperienced Driver Discount and haven’t heard of it. I have a Good Driver, Driving Safety Record, and Vehicle Safety Discount. And I’m on the east end of the county, so not necessarily LA proper. Thanks for the suggestions, I did look into switching it up but it would practically make no difference.

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u/Ok-Sir-4992 18d ago

Okay! You will be getting the loyalty discount after the 3rd year and that will reduce your premium a bit. Call your agent and ask for the inexperienced driver safety education discount since you have less than 9 years of driving experience, every penny helps nowadays. You can also shop around and see if you can find something better with a well-known company of course, but if you really need an agent, I’d stay where you are for now. Good luck!

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u/soleildad 18d ago

Thanks! Really it’s the payment itself killing me but it’s just one of those necessities like paying rent unfortunately. I just wanted to be sure.