New member lots of questions

[HSKR R/T]

Not every state requires insurance.
New Hampshire which is right next to me doesn't require auto insurance.

Also the increase of cost for at fault accidents isn't per insurance company it's per the registry and it's called steps. Comprehensive claims are per insurance company.
On average the cost increase of a single at fault accident here is $3,000-$5,000. If you can fix the damage and it costs under $3000 it's ALWAYS best to do so and not report it. My wife clipped the front of a parked shi**y car at the local supermarket and I ended up buying the kid she hit a new bumper and installing it for him. Costed me around $550 for the bumper, headlight, and new clips. There was no damage to her Acadia

You also state having your Traverse repaired from damage you caused it... That's called at fault...

I clearly must be missing something in this conversation. I'm paying $650 a year for full collision coverage on my 2022 Ram 1500 Crew Cab Limited with an MSRP of 80k for reference. My deductible is also set at $1000

I pay right around $1200 ever six months for full coverage insurance on my RAM and my wife's Traverse, liability insurance on my kids school car and our 66 Dodge D100(really need to get collector car insurance for it), my homeowners insurance, and some personal property insurance for jewelry, guns, and computers. Have $300 collision, and $50 Comp deductible on auto insurance with rental car coverage for the Traverse and my RAM. $300k/$500k bodily injury, $100k property, $10k per pwrson medical, uninsured, and under insured coverage, as well as unlimited roadside assistance towing/labor coverage for the RAM and Traverse(which is zero deductible). Won't get I to boring details of homeowners insurance of Valuable Person al Property since you only want to talk auto insurance. I'd rather save my "rainy day" savings account balance for real emergencies, rather than high deductibles.

Edit:forgot about the life insurance policy also covered under that 6 month premium cost.

 

[Darksteel165]

I pay right around $1200 ever six months for full coverage insurance on my RAM and my wife's Traverse, liability insurance on my kids school car and our 66 Dodge D100(really need to get collector car insurance for it), my homeowners insurance, and some personal property insurance for jewelry, guns, and computers. Have $300 collision, and $50 Comp deductible on auto insurance with rental car coverage for the Traverse and my RAM. $300k/$500k bodily injury, $100k property, $10k per pwrson medical, uninsured, and under insured coverage, as well as unlimited roadside assistance towing/labor coverage for the RAM and Traverse(which is zero deductible). Won't get I to boring details of homeowners insurance of Valuable Person al Property since you only want to talk auto insurance. I'd rather save my "rainy day" savings account balance for real emergencies, rather than high deductibles.

Edit:forgot about the life insurance policy also covered under that 6 month premium cost.

It's probably different for you for rates because you combine so many different kinds of insurance.
We only have auto insurance on 2 vehicles. I pay $1500 a year (paid in full discount also) for both full collusion, but the truck is only around $600 (SUVs cost more to insure).
I have roadside assistance for the first 3 years of my Ram, then it switches over to after market coverage for a total of 7 years, then Ill either get AAA for $40 a year or something else.

It really comes down to where people live and what rates are.
If you can save way more and don't use the coverage it's better paying less and saving the money and using it elsewhere or saving\investing it. I take the money I save and put it twords the next years insurance and if I need to make a claim, the money is already sitting there. If money is tight the next year then I just pay monthly and lose pay in full discounts. I have no reason to be spending another $500-1000 a year increasing my coverage as I never use insurance unless I total a car and then the deductibles don't really matter anyways, whats losing $950 when the payout is thousands of dollars. Hell in theory if your loan sucked you could be belly up and rely on GAP coverage on your loan to pay it off anyways (I don't think that really happens with trucks, at least not these days of keeping value).

 

[CMil527]

Welcome!