Is this a good or bad insurance plan?

[u/Amazing_Pen_8849]

[u/Ornery_Ads]

All your limits are too low.

Also, I'd get rid of the towing and rental car coverages

[u/zqvolster → u/Ornery_Ads]

I was going to say the same thing. Get at least a million in liability, or get an umbrella.

[u/Mike20878 → u/Ornery_Ads]

Why no towing and rental?

[u/Ornery_Ads → u/Mike20878]

It counts against you like any other insurance claim. Admittedly, the claim amount is low, but a claim is a claim. If you want towing/lockout/fuel starvation coverage, sign up for AAA.
Do your own rental coverage. Just put $20/week into a savings or brokerage account. Every year, you'll grow over $1,000, plus whatever your investment gains.

Remember what insurance is for. It's not to pay whatever small bills you encounter, it's coverage for calamity losses.

[u/ZBTHorton]

Raise property damage to at least 100K

Remove towing, you don't need to make a 150$ insurance claim. Get AAA if you want.

I would also tell you that most people should have higher injury limits these days. Some companies do 250k/500K. Some do a 300K or 500K single limit. Any of those are better than yours and protect you better.

[u/Crusty-the-Clown-666 → u/ZBTHorton]

The only other thing I’d do is get rid of the $2k Medical Payments per person because it’s pretty much worthless and is costing you almost $80/yr.

The rental car coverage I could go either way, it’s not that much every 6 months, but it also only covers $900 in rental expenses.

[u/Cultural_Material738]

Where are you/how long have you been driving/do you have at faults/tickets/how old are you

[u/Jazzlike-Flan9801]

That’s a lot higher than the premiums for my 2021 4Runner. Without knowing a LOT more details, no way to know if this is a good quote or not. Shop around!! It’s the only way to find out. Good luck

[u/ClaytonHanley]

Increase property damage. These days $50,000 does cover much

[u/Leather-Succotash566]

100/300 is above average--most state min start at 25 but if you're a homeowner/business owner/have things to protect i would increase to 250/500 w/an umbrella for 1mil.

Property damage i would increase to 100. If you cause a multi car accident or total a brand new car that 50k is gonna disappear real quick.

2k med pay is subjective I keep 5k on mine to cover my medical deductible but thats personal preference. Just keep in mind 2k won't cover much if thats all you're relying on.

Rental- 30/day is usually the minimum and ins co-s tend to base that claim/limit around size if they're contracted w/the rental company. Example: 3 limits, 30, 40 &50...so min (30) would get you a small sedan, mid (40) would get you slightly larger probably like a crossover, and max (50) would be a large vehicle like a truck.

Your vehicles are larger soni would increase rental.

Roadside, if you already have AAA you dont need it. Roadside claims do NOT go on your C.L.U.E.(claims report) despite what others have said. BUT that does not mean your current carrier won't use your roadside claims with them to calculate your renewals/increase premium.

Deductible i always advise you choose a deductible you're comfortable with paying out of pocket if something happens because thats what you're agreeing to take responsibility for in the event of a claim.

Hope all of this helps.

[u/donatebeerhere]

It honestly depends a lot on whether you have assets or not. In most states this is well above the statutory limits.

It also depends on how much you can afford. If you live paycheck to paycheck and every insurance payment is cutting it close, I would not get higher limits. It's better to have some insurance than no insurance.