UrbanBaby - I'm 37 and buying my first car tomorrow....

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I'm 37 and buying my first car tomorrow. I don't understand all the car insurance terminology and looking online isn't helping. Any tips?
23 replies
- Toddler
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04.17.08, 09:04 AM [ Flag ]
- you want glass coverage, SUM coverage (supplemental underinsured - in case you are hurt by another driver who has limited coverage) andyou want collision coverage.
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  04.17.08, 09:06 AM [ Flag | link to this post ]
- call geico, statefarm, allstate and get quotes
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  04.17.08, 09:07 AM [ Flag | link to this post ]
- there is property coverage called collision and comprehensive, and liability coverage in case you hit and hurt someone else. what terms in particular do you need help with?
  [ Reply | Options ]
  04.17.08, 09:07 AM [ Flag | link to this post ]
- Do you have a net worth that you need to protect? What state?
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  04.17.08, 09:08 AM [ Flag | link to this post ]
  - I'm in NYS. And yes, my husband owns a company, so we don't want to get sued. On the other hand, we have health insurance, we're getting a 2nd hand car - we're not too worried about anything else.
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    04.17.08, 09:09 AM [ Flag | link to this post ]
    - what i mean is, we're not too worried about damage to ourselves or our car.
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      04.17.08, 09:10 AM [ Flag | link to this post ]
      - You'll want high liability coverage - max you can buy may be 500K. Do you have an umbrella policy - this will go over an above your homowneers and auto, up to 2M, 5M, whatever. So you can be sued and be covered.
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        04.17.08, 09:11 AM [ Flag | link to this post ]
      - you should be worried about damage to yourself. In my line of work I see so many people who are injured by others w/ minimum coverage and w/o coverage of their own
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        04.17.08, 09:12 AM [ Flag | link to this post ]
        
        but if you go to the emergency room, surely your normal health insurance pays?
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        04.17.08, 09:14 AM [ Flag | link to this post ]
        
        What if you had a passenger in your car?
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        04.17.08, 09:14 AM [ Flag | link to this post ]
        
        someone without health insurance you mean?
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        04.17.08, 09:16 AM [ Flag | link to this post ]
        
        consider that they may sue you.
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        04.17.08, 09:17 AM [ Flag | link to this post ]
    - so make sure you have a decent amount of liability coverage - 300/500/300
      [ Reply | Options ]
      04.17.08, 09:11 AM [ Flag | link to this post ]
      - and if you have assets above and beyond those amounts, i would rec an umbrella policy as well
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        04.17.08, 09:12 AM [ Flag | link to this post ]
- are you buying a new car? what is the car's value?
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  04.17.08, 09:08 AM [ Flag | link to this post ]
- You need ins to protect your car in case it gets damaged eith thru collision, or something else - must be the value of your car. Then you need liability in case you hit someone - liability. there are minimum limits for this in each state, but dont buy th the minimum if you have assets or earning potential. Do you own a home? Then you need coverage for uninsured motorists UM, if an uninsured driver hits you, your insurance will pay.
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  04.17.08, 09:10 AM [ Flag | link to this post ]
- umbrella
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  04.17.08, 09:11 AM [ Flag | link to this post ]
  - ita
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    04.17.08, 09:12 AM [ Flag | link to this post ]
  - yes, totally worth it to protect assets and pretty cheap to get
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    04.17.08, 09:12 AM [ Flag | link to this post ]
- OP: does $1134 sound ok for insurance quote (we drive a used Audi wagon)
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  04.17.08, 09:12 AM [ Flag | link to this post ]
  - 1 yr, 6 mos?
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    04.17.08, 09:13 AM [ Flag | link to this post ]
  - for what kind of coverage and where do you garage your car?
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    04.17.08, 09:13 AM [ Flag | link to this post ]
  - for one year. the car will be upstate NY. I don't know how to summarize what kind of insurance it is, I will call the broker again now.
    [ Reply | Options ]
    04.17.08, 09:15 AM [ Flag | link to this post ]

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Posted October 3, 2007(37 replies)

I'm 37 and buying my first car tomorrow. I don't understand all the car insurance terminology and looking online isn't helping. Any tips?

you want glass coverage, SUM coverage (supplemental underinsured - in case you are hurt by another driver who has limited coverage) andyou want collision coverage.

call geico, statefarm, allstate and get quotes

there is property coverage called collision and comprehensive, and liability coverage in case you hit and hurt someone else. what terms in particular do you need help with?

Do you have a net worth that you need to protect? What state?

I'm in NYS. And yes, my husband owns a company, so we don't want to get sued. On the other hand, we have health insurance, we're getting a 2nd hand car - we're not too worried about anything else.

what i mean is, we're not too worried about damage to ourselves or our car.

You'll want high liability coverage - max you can buy may be 500K. Do you have an umbrella policy - this will go over an above your homowneers and auto, up to 2M, 5M, whatever. So you can be sued and be covered.

you should be worried about damage to yourself. In my line of work I see so many people who are injured by others w/ minimum coverage and w/o coverage of their own

but if you go to the emergency room, surely your normal health insurance pays?

What if you had a passenger in your car?

someone without health insurance you mean?

consider that they may sue you.

so make sure you have a decent amount of liability coverage - 300/500/300

and if you have assets above and beyond those amounts, i would rec an umbrella policy as well

are you buying a new car? what is the car's value?

umbrella

ita

yes, totally worth it to protect assets and pretty cheap to get

OP: does $1134 sound ok for insurance quote (we drive a used Audi wagon)

1 yr, 6 mos?

for what kind of coverage and where do you garage your car?

for one year. the car will be upstate NY. I don't know how to summarize what kind of insurance it is, I will call the broker again now.

UrbanBaby Asks...

When I ride in a taxi cab with my DC I:

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