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I bought a new Corolla last year, and pay $115 a month in car insurance. This is the first time I've had to deal with car insurance, and even though I really have no inkling if this is true, I feel like that's a lot to pay, even for a new car. I compared my current insurance provider (State Farm) with USAA and it was about the same. Then I looked at the breakdown of the cost and all the different coverages, and I really have no idea how much I should have for each. How should I determine the best balance between cost and coverage? Should I ask my insurance agent his opinion?
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May 12, 2013 21:54
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| # ¿ Apr 27, 2024 20:23 |
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As a 100% healthy 30 year old, I pay $230 a month for catastrophic health insurance that has a $7,000 deductible. I'm an independent contractor, so I have to pay this myself. And I'm juuuust over the level of income to qualify for a subsidy. Thanks Obama  . Ok, now that we've gotten that out of the way, I've got a few questions.1. Is this the best way for me to be doing this? It seems insane to be paying $3,000 a year for the right to only pay $7,000 on the off chance I have a bad accident. 2. I was looking at travel medical insurance recently. I might be traveling for a few months, since I work remotely. Should I cancel my expensive-rear end health insurance here for the months I'm abroad and just have some travel insurance during that time?
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Jan 30, 2016 01:12
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Jastiger posted:I'd seriously go shop on the marketplace some more. That seems a bit high for that high of a deductible. I don't know what the new plans look like this year, but...thats a lot without a subsidy. In my experience anyways. Thanks. There's not much, though - a few plans by "Ambetter" and "Coventry", with similar deductibles. The cheapest of them is $208 vs the $230 I'm paying now.
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Jan 31, 2016 20:38
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Speaking of HSAs, I have an HSA I was contributing to when I was a contractor and had a HDHP. Now I'm employed and I have a PPO. So I can't contribute to this HSA any more? Before you ask, yes, I emailed both my insurance company and my HR dept with this question, and just haven't gotten a response yet.
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May 17, 2020 19:56
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Hoodwinker posted:Correct. drat. Just curious, what if I did? Could I get audited and fined by the IRS?
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May 17, 2020 22:05
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| # ¿ Apr 27, 2024 20:23 |
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How do I "optimize" my car insurance policy? I pay $160 a month in car insurance. Yes, it's in Florida, where insurance of any kind is insanely expensive. But I might be getting more coverage than I need, I just don't know enough to really customize my own policy and reduce coverage for what isn't necessary. How would I get started with this?
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Mar 18, 2024 17:00
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