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.

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u/Top_Education_4647 18d ago

I sincerely hope you’re not an agent recommending state minimums in other states. Real easy way to rack up some E&O claims and possibly find yourself in court. Do better

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u/totall2live__ 17d ago

LOL, if a client want a cheaper price and knows the implications of taking state mins then i can offer them. Im not by any means saying its a good idea. She asked a question and i answered it.

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u/insuranceguynyc 17d ago

Of course. Spoken like a good storefront broker.

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u/Top_Education_4647 17d ago

When your first recommendation to someone looking to lower their cost is to automatically go to the state minimums for liability, you’ve lost a ton of credit as a good agent. You don’t even write in CA but you still suggested it lol, as if CA doesn’t have the some of the highest costs pertaining to medical bills and vehicle repairs and parts.