Comments on: What is the least amount of car insurance I need to have on a car that doesn’t have a loan on it? http://www.mainspot.net/what-is-the-least-amount-of-car-insurance-i-need-to-have-on-a-car-that-doesnt-have-a-loan-on-it/ Automotive Resource and Car Care Sat, 16 Oct 2010 15:54:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: kyahooa http://www.mainspot.net/what-is-the-least-amount-of-car-insurance-i-need-to-have-on-a-car-that-doesnt-have-a-loan-on-it/comment-page-1/#comment-3374 kyahooa Wed, 08 Apr 2009 09:14:18 +0000 http://www.mainspot.net/?p=1530#comment-3374 If you are trying to save money, The smartest thing to do would not have comp/collision, but have GOOD liability limits, say if you start a "chain reaction" accident, you rear end a car and it pushes that car into more cars - your minimum property damage limits will be GONE, even worse if you injure someone, - and you and your husband will be in big trouble as you will have to pay out of pocket when the other insurance companys come after you for what they paid out - people always think they are saving money, but belive me, I am a claim rep and I see the aftermath, it is a disaster when you do not have high enough limits If you are trying to save money, The smartest thing to do would not have comp/collision, but have GOOD liability limits, say if you start a “chain reaction” accident, you rear end a car and it pushes that car into more cars – your minimum property damage limits will be GONE, even worse if you injure someone, – and you and your husband will be in big trouble as you will have to pay out of pocket when the other insurance companys come after you for what they paid out – people always think they are saving money, but belive me, I am a claim rep and I see the aftermath, it is a disaster when you do not have high enough limits

]]> By: Lebelle http://www.mainspot.net/what-is-the-least-amount-of-car-insurance-i-need-to-have-on-a-car-that-doesnt-have-a-loan-on-it/comment-page-1/#comment-3373 Lebelle Tue, 07 Apr 2009 10:37:52 +0000 http://www.mainspot.net/?p=1530#comment-3373 I love Wisconsin, you don't need to register your vehicle, you can drive a car with any plate(tag), you don't have to have insurance... Just nice but the insurance companies might not be as easy as the dmv. Call them and ask but 6 months it's not enough to clean 4 years off your record Why are you getting insurance anyways... it's not required BY THE law... I love Wisconsin, you don’t need to register your vehicle, you can drive a car with any plate(tag), you don’t have to have insurance… Just nice but the insurance companies might not be as easy as the dmv. Call them and ask but 6 months it’s not enough to clean 4 years off your record

Why are you getting insurance anyways… it’s not required BY THE law…

]]> By: bundysmom http://www.mainspot.net/what-is-the-least-amount-of-car-insurance-i-need-to-have-on-a-car-that-doesnt-have-a-loan-on-it/comment-page-1/#comment-3372 bundysmom Sun, 05 Apr 2009 01:57:41 +0000 http://www.mainspot.net/?p=1530#comment-3372 Whatever WI state minimum liability limits are. Comp & collision are extra. Whatever WI state minimum liability limits are. Comp & collision are extra.

]]> By: fdibella1125 http://www.mainspot.net/what-is-the-least-amount-of-car-insurance-i-need-to-have-on-a-car-that-doesnt-have-a-loan-on-it/comment-page-1/#comment-3371 fdibella1125 Wed, 01 Apr 2009 15:42:41 +0000 http://www.mainspot.net/?p=1530#comment-3371 What you are asking for is basic liability insurance. It covers your for your liability in an auto accident but does not cover your car. If you are going to be added to your husbands policy eventually, you want to be sure that you have the same liability limits as him. I would suggest 100/300/100. It's not too much more expensive than basic liability but it's definately worth it. Minimum liability in your state is 25/50/10. That means the MOST that the insurance company will pay out if there is a loss is $25,000 per person, $50,000 per accident and $10,000 for property damage. So basically, if you hit an expensive car, or more than one car, the insurance company will only pay $10,000 for the damage to the vehicles you hit. Also, if someone sues you, they will only pay $25k per person at a max of $50k. That's not very much at all. Getting 100/300/100 is definately worth it. Plus, there are many insurance companies that wont even give you insurance if you dont have at least 100/300/100 as previous insurance. PS in your state, iIf you have no insurance, you are required to show financial responsibility. This basically means that you have to prove to the DMV that you have at least $60k cash at any time. If you do not provide the department of motor vehicles with that proof... then Yes, you are required by law to carry insurance. Hope this helps! What you are asking for is basic liability insurance. It covers your for your liability in an auto accident but does not cover your car. If you are going to be added to your husbands policy eventually, you want to be sure that you have the same liability limits as him.
I would suggest 100/300/100. It’s not too much more expensive than basic liability but it’s definately worth it. Minimum liability in your state is 25/50/10. That means the MOST that the insurance company will pay out if there is a loss is $25,000 per person, $50,000 per accident and $10,000 for property damage.
So basically, if you hit an expensive car, or more than one car, the insurance company will only pay $10,000 for the damage to the vehicles you hit. Also, if someone sues you, they will only pay $25k per person at a max of $50k. That’s not very much at all. Getting 100/300/100 is definately worth it. Plus, there are many insurance companies that wont even give you insurance if you dont have at least 100/300/100 as previous insurance.

PS in your state, iIf you have no insurance, you are required to show financial responsibility. This basically means that you have to prove to the DMV that you have at least $60k cash at any time. If you do not provide the department of motor vehicles with that proof… then Yes, you are required by law to carry insurance.
Hope this helps!

]]> By: Ken R http://www.mainspot.net/what-is-the-least-amount-of-car-insurance-i-need-to-have-on-a-car-that-doesnt-have-a-loan-on-it/comment-page-1/#comment-3370 Ken R Mon, 30 Mar 2009 16:12:35 +0000 http://www.mainspot.net/?p=1530#comment-3370 The cheapest route would be to go with bottom of the line "liability only" insurance. In this case you are covered when you are NOT liable for an accident (i.e. another driver hits you). On the other hand, if you hit another car you will likely be out a lot more money than you would have spent with proper auto coverage. If you're going to drive the car a lot I would suggest not taking the chance, in the long run it will save you, believe me. Also remember that there are endless amounts of auto insurance companies offering free online quotes. So feel free to browse around and see who offers the cheapest rate. I saved a few hundred dollars per year on the same coverage because I was persistant and was quoted by over ten companies online. Here's one from my current provider to get you started: The cheapest route would be to go with bottom of the line “liability only” insurance. In this case you are covered when you are NOT liable for an accident (i.e. another driver hits you).

On the other hand, if you hit another car you will likely be out a lot more money than you would have spent with proper auto coverage. If you’re going to drive the car a lot I would suggest not taking the chance, in the long run it will save you, believe me.

Also remember that there are endless amounts of auto insurance companies offering free online quotes. So feel free to browse around and see who offers the cheapest rate. I saved a few hundred dollars per year on the same coverage because I was persistant and was quoted by over ten companies online. Here’s one from my current provider to get you started:

]]> By: his love http://www.mainspot.net/what-is-the-least-amount-of-car-insurance-i-need-to-have-on-a-car-that-doesnt-have-a-loan-on-it/comment-page-1/#comment-3368 his love Sat, 28 Mar 2009 21:11:05 +0000 http://www.mainspot.net/?p=1530#comment-3368 You should qualify for liablity insurance instead of full coverage. The actaul amount of insurance depends on what your car is worth right now, how old it is, your past driving record and your "hi risk" lable will definately have an effect. You'll have to get quoted at a few different places to be sure what company has the lowest rate for you. You should qualify for liablity insurance instead of full coverage. The actaul amount of insurance depends on what your car is worth right now, how old it is, your past driving record and your “hi risk” lable will definately have an effect. You’ll have to get quoted at a few different places to be sure what company has the lowest rate for you.

]]> By: adjuster5 http://www.mainspot.net/what-is-the-least-amount-of-car-insurance-i-need-to-have-on-a-car-that-doesnt-have-a-loan-on-it/comment-page-1/#comment-3366 adjuster5 Wed, 25 Mar 2009 15:12:21 +0000 http://www.mainspot.net/?p=1530#comment-3366 Call your local insurance agent and tell him you want the basic liability auto policy for your car. This will cover any damage you are at fault for but will not cover your car. Call your local insurance agent and tell him you want the basic liability auto policy for your car. This will cover any damage you are at fault for but will not cover your car.

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