How Much Car Insurance Do I Actually Need?

[@whitetiger0707070]

Make sure to get UIM (uninsured/ underinsured) if you get hit by someone without insurance or very little insurance you are on your own otherwise.. saying this from experience

[@thecatnextdoor12]

I had this happened and the Uninsured only covers medical bills. For example, if I was hurt in that accident, they would pay for the medical care. However, it does not pay for any other damages. It did not pay for the repair of the scratches on my car. Fortunately, the uninsured driver actually paid for those out of pocket.

[@RazeG4m1ng]

The Cat Next Door that’s because you need to carry UMPD to cover your property damage to your vehicle

[@Hboogie182]

Collision insurance covers accidents caused by both hit-and-run and uninsured motorists.

[@littlesongbird1]

@@thecatnextdoor12 Depends on the state...like Pa only has medical but NJ has UM property damage that pays for your car.

[@jf8188]

@@Hboogie182 not always

[@NoMoreTears64]

I have had State Farm since I was 18 and my dad got me my first policy. I am now almost 62. I have never had a problem with State Farm, however I have periodically shopped around to see if someone can beat their premiums. I repeatedly get told that "because you have had the policy for so long, we cannot beat or match that price". That is my experience.

[@tomdurkins]

People that just accept what’s given to them never ever have problems with insurance companies. People that expect what’s theirs always have a problem with insurance companies. All insurance companies are corrupt. Period.

[@ratefrog]

It's great to hear about your positive experience with State Farm over the years! Longevity with an insurance company can definitely have its perks, especially when it comes to competitive pricing. It's impressive that no other providers have been able to match or beat your premium after all these years. Thanks for sharing your experience

[@rileyedwards7953]

@@tomdurkinsHow are they corrupt? Genuine question that I would like you to answer. Look at the financial statements and tell me where the corruption is.

[@chandlerchang5799]

Wow, that’s impressive! Loyalty really paid off for you. I shopped around too and ended up with Insurance Panda-$25/month, and no one’s been able to beat that for me either!

[@jojojordan5557]

Hi Dave, unfortunately insurance companies punish people who are debt free and have no credit scores. My parents are an example. They always get letters saying "you didn't get the best rates because of your credit score". Liability only insurance with 25/50/25 for them is $800 for 6 months here in WA state. This is insane.

[@DeltaRoots]

133 a month is cheap

[@samplautz5586]

Maybe that’s a Washington issue. In Wisconsin I’m 21, been driving for 3 years, and I can get high liability plus comp and collision for 150

[@zunedog31]

One of the many reasons having a good credit score saves you money and why not having one can be a financial nightmare.

[@martins.7175]

for two cars I pay 270 for 50/100/50

[@151Memi]

That is criminal😮I feel for them 😢

[@genosciacca1816]

I can see Dave on his first date. Lady-How are you Dave-Better than I deserve Lady-Shall we find a seat Dave-What's your household income

[@evrythngfinance997]

No do t work for him

[@ISILENTNINJAI]

Sell the cars!!!

[@johnthicks8568]

BAHAHAHAA THANK YOU!

[@maryhankins4175]

😂

[@tonysoprano6265]

What’s your budget Princess? You have a nice necklace did you pay cash for it?

[@Thetatraderz]

Yet another reason to drive an older car. I drive a 2008 corolla, not worth enough to bother with collision, insurance is $42/month.

[@missdesireindependance5194]

Investing Teacher me too!

[@foodidecorifashionlfun2104]

Investing Teacher Which insurance is this?

[@Thetatraderz]

@@foodidecorifashionlfun2104 geico. Do the defensive driving for a discount even if you have no tickets.

[@yemialemu9902]

Is it comprehensive or liability coverage?

[@sophiacole1992]

Did you go into an office or can you apply online?

[@janinemccaskill5683]

I had State Farm. They had become so expensive, and wasn't easy to do auto pay with them.

[@jaysmith9938]

I have a small insurance agency, every year we have a couple claims that get into the high 100's or even over a million and there is nothing worse than when the insurance company sends a letter saying you are about to max out your policy and walk away . Get an umbrella too even if you don't have a big net worth. If you kill someone or seriously hurt them in a accident and its your fault, these things can get into the millions, and they can and will garnish your pay. An umbrella can be as cheap as $175 a year.

[@army96261]

That's not always the case. I can't speak about someone getting killed but I was badly injured and the guy only had 15k policy which they paid in full. Unfortunately that's nothing compared to what I went through. My lawyer said he most likely doesn't have any assets and is not worth suing because it'll take years to get any money and could cost more going after him. Now I'm researching what the best coverage is for me so I can be covered better God forbid anything happens.

[@JuanPeron007]

From the 3 channels on KZbin that I've seen talk about insurance companies. You've been the one that gives really good information, that I needed to hear, and that helps out us, the consumers. Thanks

[@justinacase2623]

Always have enough liability coverage above your net worth. Reason, if you hurt someone you want them going after your insurance company not you personally. Not saying they won't try.

[@retiredmanager510]

Exactly- in California they can sue for your entire net worth plus 20% of what you make for 20 years. I heard that from a personal injury lawyer.

[@MichaelP-ke1tm]

@@retiredmanager510 Lawyers love insurance because its easy money. Lawyers are less likely to sue if you don't have insurance because going to court costs lots of money and getting a judgement is not easy. Then if the defendant files for bankruptcy, you'll never get a dime.

[@youngtimer964]

66 now. Never been sued. Don’t know anyone who was ever sued. Maybe too much tv.

[@justinacase2623]

@@MichaelP-ke1tm don't be so sure, if you have a good job and any assets, they coming! Getting a judgement is easy, collecting thats the hard part.

[@blingdream8637]

I had to sue Nationwide to get compensated for expenses related to repairing my truck after getting hit by their customer. A nationwide agent not working the claim; "they won't pay their own grandmother."

[@1redrubberball]

They once had an excellent reputation. Given the same circumstances you described, 38 years ago I had to do the same thing to recover my damages too.

[@blingdream8637]

@Brian Waller I'll add to the problems. All I asked for was for the exact cost of the repairs. No injury or compensation for the hassle of getting four estimates and rental car. After 5 months and 3 court appearances finally the suit was not continued and the judge awarded the cost of repairs. Just under 4k and the nationwide attorney after losing said they would appeal. My attorney didn't include fees for his cost. Nationwide didn't appeal and mailed the check to my attorney. Upon going to pick the check up the attorney had made the check where I and he had to endorse the check and of course it was 800 bux light to supposedly to cover his fees. When I went to his office and saw what he'd done I lost it! I was seeing red after all the hassle and now this. Yelling ensued and I had to get in his face and tell his secretary to shut up. She called the police and after some colorful back and forth I left with my check in full.

[@1redrubberball]

This is a topic that could use a lot more clarification and understanding. If you aren't staying on top of your auto insurance carefully, you may be getting ripped off, You can have a high credit score, clean driving record, no points or infractions, and 3,4, 5 decades driving. A number of insurance companies out there are playing games.

[@MichaelP-ke1tm]

They rip you off more so with home insurance if you don't compare rates every year. They were charging me $1400/year and I said I'm leaving them, then they dropped it to $700

[@TheKhrissss]

but there are also dozens of other factors that go into your rating besides the few things you mentioned....

[@1redrubberball]

@@TheKhrissss Sure! I can imagine a few. Types of vehicles, for instance. Tell me some more.

[@TheKhrissss]

@@1redrubberball types of vehicles and the cost to repair that vehicle, location, age, years of driving experience (with an active license), accident frequency in your area, usage of the vehicle, the coverage you choose...

[@1redrubberball]

@@TheKhrissss Yeah, they'll charge you as the only driver for 2 vehicles, despite the fact that one has liability only and the other has full coverage and is driven far less, and neither can be driven simultaneously, the owner is retired and drives 6-7K miles per year, not 12-15K like in working years.

[@mkzenthusiasts]

My insurance agent used to work for American Family and he basically got sick of the BS and started his own company. I couldn't afford to make the switch right away because I was paying monthly and his new plans from 10 or 12 different insurance companies the best deal you get it to pay 1 full year I bought s newer car a 2016 Lincoln MKZ AWD 3.7L V6 American Family who I had been with for decades wanted almost 2 grand I switched and I saved 1200 for car insurance and renters policy to cover property if you're poor like me make sure your home owners or renters policy is replacement cost or they will depreciate the item and give you that much

[@williamf9023]

This is good advice. Get the higher limits of liability insurance as it is a good value for what you pay. I have been in the insurance industry thirty years and have seen many hard working people regret not getting enough liability coverage.

[@guylo88]

Im an insursnce agent and our rule of thumb is to always take into account your net worth and how much you could lose in the event youre sued in an accident. And as dave says liability is not the most expensive part of your policy. Actually the highest cost in your premium is your deductibles.

[@Roda45Crossfit]

He said liability is the cheapest not the most expensive.

[@jf8188]

@@Roda45Crossfit that’s what he said. Read it again

[@matshagstrom9839]

I have a million dollar liability and uninsured motorist. I don’t have comprehensive. I drive cars I can afford to replace. I have lost one car (worth $5k) due to my fault. I have saved enough to buy several new cars by not covering my cars. I just bought a Tesla. I was quoted $3000/yr for full insurance package. Liability only is $1300/yr. If I skip comprehensive I will save $1700/yr. The car price was $36000. Full coverage might make sense during the next 3-4 years while the car retains some value. Once it has depreciated it will be a waist of money. It will take 21 years of savings to cover the purchase price but the car value will decline with time. I think people do not think enough about concerting to liability coverage only when their car has lost value. Best, MH

[@wtk6069]

My indy insurance agent proactively calls me when he can get me a better rate. I don't even have to tell him to shop around. He calls me!

[@beckysmith8672]

Who do you use?

[@stephenmartin5515]

WHO IS THIS AGENT ? I NEED HIM !

[@emmaleebuzzard1023]

I agree, I would like to know too :)

[@michaellee5399]

@Natty Fatty Powerlifting 🤣

[@chandlerchang5799]

That’s awesome service! I wish more agents did that. I ended up finding my own deal-$25/month with Insurance Panda. Can't beat that!

[@Blazeww]

Considering the length of time between accident and court and how most peoples insurance basically tries not to pay for the things you pay them to cover even if a friend was rear ended by another driver who is clearly at fault years later in another state still going to court.... In the same time both sides coulda spent less money and probably had it taken care of within a year and not had to be forced to get the run around by people paid to do a job they try everything not to do.

[@daviddaniel2198]

Met Life is very high. I switched to AAA on my 2015 Kia and saved $50. Just bought a new 21 Ram 1500 Crew Cab and I’m paying $154 a month. I wish I left Met Life in the dust years ago

[@ProSkillGuides]

Dave looks like a garden gnome full of wisdom

[@IamtheGL]

@Natty Fatty Powerlifting $84

[@ProSkillGuides]

G L 😂

[@ProSkillGuides]

deadend 😂😂

[@adfmo2195]

Oh my word yes lol

[@ProSkillGuides]

ADF MO2 😂

[@TimothyFish]

I've never had a problem with State Farm. When my truck was hit, I just turned in my bills and they paid them.

[@zachmorris8475]

Same here and it’s the cheapest that I’ve priced.

[@josuecalderon5796]

My dad got hit in his own drive way and it’s been two weeks and haven’t heard anything from them.

[@j____prado]

I agree, get at least 50k worth of liability! I al recommend a dash cam!

[@chandlerchang5799]

Sounds like Dan is getting some good advice! Independent agents can really save you money, and that tip about high liability coverage is smart. It’s true-liability is one of the cheaper parts of the policy. Plus, like Dave said, those big-name commercials aren't free, and that cost trickles down to your premiums. I've found similar savings myself-ended up going with Insurance Panda for just $25/month, which has been a great deal without all the extra costs!

[@jennifereilts3668]

My parents in a big city Suburb (Chicago) and myself in small town ND. We have always had State Farm. Not only have they always paid our claims, talking with others our rate are way less expensive than most others places. Loyalty matters. I’ve had them for over 30 years and my parents over 60 years

[@nicholasleimgruber1675]

I agree with you completely. This is one of the reasons I have chosen to remain an independent insurance agent so I can offer my clients the best insurance coverage for their needs. Got offered a few captive positions in the past and I actually turned them down because I didn't want to limit the insurance I offered.

[@jenniferrashell]

Im looking for an agent. Do you work in CA?

[@nicholasleimgruber1675]

@@jenniferrashell. No I am not licensed in California unfortunately. Usually an agent will disclose if they are independent or captive though. Sorry i didn't see your comment before. If your looking for car insurance though goosehead insurance is a firm that tried recruiting me at one point. They work with about 80-100 different carriers so they can shop around for you.

[@LydiaSantiago]

You want to make sure you have good uninsured/underinsured motorists coverage. Just in case you get really bad injuries you won’t have to worry what kind of coverage the at fault party has.

[@jisson57]

If you have collision then you don't need uninsured/underinsured coverage. Uninsured motorist pays for damage to your car in an accident with an uninsured/underinsured driver; collision coverage pays for damage to your car when it's in an accident no matter who is at fault. :)

[@LydiaSantiago]

Jane uninsured motorist and underinsured motorist cover your injuries. It doesn’t have anything to do with property damage. Some people buy Uninsured motorist for the car which isn’t necessary if you have collision like you said. However if your car is worth less than $3500 it’s cheaper to get Uninsured motorist for property damage than paying for collision coverage.

[@calgary2800]

Yes indeed I have 500k CSL. Hospital costs can easily reach that.

[@mariogarcia4807]

Imagine rear ending someone and it’s Dave Ramsey.

[@yemialemu9902]

🤣🤣🤣🤣

[@airzillarocks]

State Farm since i was 15, now 64 - They've received a ton of our money over so many years, lol - Zero issues, various claims were always well addressed - bundled policy - After shopping around once in awhile, no one can ever match or beat their pricing for us... \m/

[@GenExDividendInvestor]

Awesome, I had never heard Dave cover this before. Thanks, Dave!

[@LydiaSantiago]

GenExDividendInvestor cool seeing you here!

[@successwithstacee9290]

Shopping around with a few direct companies as well as an independent agent is a good idea, but make sure you know what coverage you're shopping for so you can compare apples to apples.

[@raquel7040]

Dave, my father passed away over 20 years ago. Your like the dad I need advice from right now ❤

[@cmac2295]

I love how Dave threw shade at state farm, because it's true 😆

[@LifeIsTrulyMagic]

I love how you are the perfect case to prove "operator error" lol

[@ShyRage1]

My GEICO insurance renewal increases by 25% (about $250). No accidents or changes during the previous term. I called the agent, and he said there were more accidents occurred in this area. I understand if it is a 5% increase, but 25% seems ridiculous. I want to know whether anyone experienced the same, and how about other carriers. I also would like to know if anyone knows of a good website that compares local rates.

[@jenniferannfox2316]

I have state farm house and car. They are a nightmare. After a hurricane (and I live in the mountains) we had tropical winds of 90 or miles an hour 2 years ago and it made huge trees on the back property fall over on my roof in the back of it and popped all the screws of the metal roof. Took down 9 trees. They send an agent and quote 600.00 for getting trees taken off and replace/repair the roof damage. Well the adjuster came out in his dress shoes and clothes and insisted to climb on the roof which had wet leaves on it even though we advised not. He has the ladder on the front of the house on the roof, jumps up and down on a gable roof and he falls off ladder and all damaging the front end. Now the company gives another quote of 3000.00 because they need to replace a fourth of the roof. Was not happy as it looked like a patchwork quilt in red, they resisted to pay, I went to the mortgage company and they agreed they would send a bank adjuster as there is a "line of view" clause in the policy and the entire roof needed replacement. Took 2 months of this back and forth with them and then when I told them the mortgage company was getting involved and sent it to the vice president they call and the claim is 17000.00 for replacing roof and trees. State Farm is very hard to deal with.

[@mbgrocott7115]

Sounds like you live where I do too by the description of the storm and trees falling down all over the place.

[@Scottieboi5]

What you really need to be looking at is the insurance companies loss reserves. Doesn’t matter how great of a rate you get if your company can’t afford to pay claims. If you are saving $100/month on auto insurance by switching companies you should really do a hard look at that companies financials. Also on a side note, any time our insured is deemed “at fault” it is going to be scrutinized a lot harder because that is what you pay a big insurance company for. Nobody wants there insurer to rollover and play dead because ultimately that is going to cost our client more money in premium down the road. Do your research and don’t listen to this. Please.

[@Lastwartipsandtricks]

Dave Ramsey is correct on his first part but not on the second part. You want your insurance company to fight to not pay for the other car because that goes against your future premiums and the extra cost to you. No one pays more than State Farm and USAA for your actual car when you insure with them. Independent agents also will sell you companies like Hippo, Lemonade, The General and other substandard companies that will likely be cheaper on the front end but they won’t pay for your car when you damage it in an accident or have a comprehensive claim and they won’t pay for your claim if you do anything outside of the norm like lend your car to your sibling or parent who’s not listed on the policy or have your 16 year old have an accident the day they start driving and you haven’t yet added them as a driver to the policy. All insurance companies are not created equal.

[@army96261]

I have usaa and I'm currently researching what the best policy for me would be. The rates are increasing but when I called they said it was the entire state. I also had an accident where the other guy only carried 15k policy and I recieved the full amount but it's not enough. Luckily I had uim with usaa but even that isn't high enough. I saw someone mention that uim should be as high as your liability coverage. I want to increase mine because if another accident happens and they don't have good insurance that'll suck.

[@lovesocal9189]

Thank you so much for sharing your insurance company on youtube, Dave Ramsey. I found the absolute best rate on full coverage auto insurance through Zander and your insurance agent, Jennifer was super helpful in setting us up today! Thank you, thank you, thank you!

[@akui88]

Yea state farm isn’t the best, i have them and they always send letters telling me to NEVER claim responsibility, in-fact they tell me to just call the cops and let them figure it out.

[@retiredmanager510]

If you say you were responsible. Then the claim counts as your fault. They can’t defend you. A lot of people set up insurance scams. I was at the store and two older women were toward the back of my car. I saw them on my back up camera. They were waiting for me to back up. I saw them getting ready to fall backward. I rolled down my window and said I see you back there. They were startled and took off in the opposite direction very quickly.

[@Mklpz000]

There is nothing wrong with working with a captive or independent agent. You can't go to Toyota and buy a brand new Ford. you will find that many independent agents have very poor customer service and quote you with horrible companies like first Chicago.

[@Sihkster]

I had a run in with one of state farms insured drivers to where he ran me off the road and ditch.. And ended up needing 2 control arms and 2 struts due to the accident.. And ended up needing to go to a chiropractor.. They paid for the chiropractor, but when I took my car to the nissian dealership statefarm used junkyard parts that ended up needing to be replaced and they would not replace them with new items.. 6 months before the accident I spent $1800 to fix all my suspension I even gave them records that it was all new parts on there.. But nope they where no help.. Had to replace it myself again.. I have Usaa insurance and full coverage for 2 cars is $188

[@MichaelP-ke1tm]

Did you hire a lawyer?? When you hire a lawyer and have sufficient evidence with a police report or footage, the insurance company will submit to you

[@SanAntonioNewHomesForSale]

I hate insurence 😡 im 20 and have to pay over 200$ for my 1994 Nissan, I had to put my car under my dad's name so the insurence would go down to 25$ M

[@arcticdeveloping4146]

Who is ur insurance that ur getting 25 a month with?

[@SanAntonioNewHomesForSale]

@@arcticdeveloping4146 state farm

[@tired_mom]

Once you’re 25 the insurance will go down big time. If you’re driving a 94, I’d recommend having really low collision and comprehensive. Just make sure to have good liability like Dave says. That’s really the most important part of the insurance. It covers you when you’re at fault and protects against any law suits

[@bmaiceman]

Based on WHERE I WORK and how much I earn...NOT A LOT... I buy the absolute cheapest and least car insurance i CAN..... Because I don't have a choise!!!! My income only goes so far. And I'm still paying off debt... Or trying to anyway.

[@user-fc8rf7qc7x]

Same here with geico. Son’s car hit from behind and they denied claim. Their Driver ticketed and all.

[@basic_char4434]

As someone who has years in the PI word, I would recommend that your UM (uninsured or underinsured- to protect yourself) coverage matches your Liability insurance coverage. Here to help if you have any specific questions, cheers.

[@army96261]

Yes I wish I knew this before. I was in a really bad motorcycle accident years ago and the guy only had 15k coverage. They paid the full policy but that's nothing. I'm currently researching how to structure my insurance and what's the best rates to pick. I luckily had 25k uim coverage on my truck and that helps a little but still my initial treatment was almost 50k! And that was for a few hours in the hospital.

[@cindypatrick785]

I tried to use Zander insurance but even though they beat the price on auto insurance they said they couldn’t find any company that wanted to give me a quote for home insurance because I live in Oklahoma 😏 So we just raised our coverages and our deductible w our original State Farm company. 8:51

[@stevetucker5851]

Metromile is the way to go. I have car insurance through them and currently pay an average of $27/month.

[@matthewcage4550]

I'm staying with my Mother and driving her van. It was my understanding that it's the vehicle that's insured. Well, Allstate calls her up, out of the blue, and asked about me and whether I'm driving her vehicle. My Mother asked for my DL to give to Allstate, which I did ASSuming she was the one that called them. [she mentioned later how it was strange that they were the ones that called her, which clued me in] I made sure the number was from Allstate, by checking her I-phone. It's pretty disturbing to have a big corporation call about something they shouldn't even have known about in the first place. Has ANYONE ever had this happen to them?

[@matthewcage4550]

And, they didn't even charge her extra for putting me on her policy. [guess they just wanted the information; maybe to sell]

[@Iamanicajean]

lol I know this is a year later but, this happened to me as well. my dad has progressive, and they sent letter addressed to him, but they were referring to me and wanted to know if I was driving a car and that I should get insured and etc., it weird.

[@ramz1455]

P.I. maybe?

[@mawasaki8911]

That is sooo creepy… how do you think they would know??? Traffic cameras? And if so, who is analyzing this information? Very disturbing. 😳

[@brandie6652]

Here in BC Canada min liability is 200,000. Can purchase up to 5 mill.

[@nightfly1985]

Nice Ontario get shaft up the bum.

[@Jfresh55]

So what are some independent insurance names?

[@jisson57]

Zander

[@dominicankid1001]

just get liability its to depend where u live. when I was trying to move from Indiana to NJ they were charging me 1000 dollar months because i was newbie driving.

[@TheKhrissss]

If you're a newbie driver you're (statistically speaking) more of a risk because of the lack of driving experience with an active license

[@TheKhrissss]

Natty Fatty Powerlifting well for one thing each state has different coverage requirements and some coverages exist in some states and not in others (Personal Injury Protection). Just like the cost of living and food is different from state to state, insurance is no exception. So if you move from a state where less coverage is required and the state minimums are lower to a state where more coverage is required (AND top that off with moving to an area where accidents are more frequent in the area and statistically speaking you are more at risk) then it’s not exactly surprising how much your rates can go up quite a bit. But they can also go down quite a bit too depending on where you go.

[@dominicankid1001]

@Natty Fatty Powerlifting yes my car was finance and i need to get full coverage no matter what.

[@dominicankid1001]

@@TheKhrissss very true brother

[@TheKhrissss]

Christian Ovalle I know sis 😉

[@NainaBasu]

Beautiful post, thank you for sharing

[@michaelweyenberg6238]

Be your own independent agent. With the internet, it's quite simple.

[@BlakeC341]

Underrated comment.

[@GiancarlosHernandez]

But what happens if and when you get into a collision... wouldn't it be more difficult for you to get that smaller insurer to pay out/handle the issue? Just curious but really want to know. I've personally always had Direct Auto

[@DiorChoi]

Not really. Just kind of depends on the company and their ways of claims. Claims is such a cloud of grey area unless there is someone definitely at fault with evidence to provide. Generally claims are hard because most of the time, people don't want to listen to claims department when they ask for things like pictures, police report, damages, receipts in order to realistically play for an accurate payout for the claim.

[@calebg.9662]

On 2 occasions I had claims on state farm. I was astonished on how fast I got my money. It was less than 2 weeks both times. They even let me drive to the office to pickup the check instead of waiting for the normal mail delivery. Dave's experience is unfortunate but he shouldn't blanket his opinion on the whole company. Also, one of my claims was with a friend driver and that didn't slow down the process. Yes the big companies can be more expensive but they do provide excellent service, at least in my case. Maybe Dave was at fault and so they gave him a hard time 😅😅

[@flyingdutchman1352]

They tried to F me

[@michovaltrades8444]

state fatm is very fradulent

[@Freezetyle]

I agree, Statefarm has always been a pleasure to work with in my experience

[@BeerMeTV]

Any insurance companies goal is going to be to protect their insured. If you’re a claimant, it is almost always going to be a fight unless the companies insured outright tells the company “hey I did this it was my fault. Use my policy to pay for the damages.” Even if you do so, your company still has the right to an investigation to determine lability. Claims are a case by case basis thing; and one poor experience does not a poor company make. The general public in this industry is so quick to have one bad experience and then claim for the rest of their lives that “COMPANY A IS AWFUL THEY DIDNT PAY ME” I’ve done claims. I’ve sold insurance for a variety of companies. Have been on both the front and back end, I can assure you, regardless of whatever company you’re with, they WANT to pay your claim. If you’re there insured. Regardless of that, they still have a job to do, and they won’t be as quick to hand out money to someone who has no affiliation to their company. If they’re paying for it, they’re going to make sure beyond a shadow of a doubt that the money is owed.

[@gmailuser5461]

I have heard numerous horrible things about state farm both online and people I know personally. There's a viral video of an agent trying to screw a homeowner out of a new roof.

[@jmcnallyua]

I have a question should I have full coverage on a 2012 Kia forte or should I just go with State minimum insurance on a 2012 Kia forte I really appreciate some feedback thank you

[@Inmate533]

So I went through Zander for some quotes and they came back with quotes only from Progressive and Safeco. I refuse to do business with Progressive and I've never heard of Safeco. I ended up getting quotes from the big guys anyway.

[@LifeIsTrulyMagic]

progressive is the worst at paying anything, you sound smart.

[@markg999]

If you have a low limits policy or none and your at fault and someone is injured and have a good amount in savings you put your own savings at risk.

[@MichaelP-ke1tm]

Transfer the savings to someone elses account. People in America are so scared to be sued lol.

[@markg999]

@@MichaelP-ke1tm Dumb...seriously dont think that wouldn't be caught with a simple subpoena of bank records or savings accounts. America is sue happy why we have way to many lawyers. I'm taking people with real money not a little 100k or something

[@markg999]

@Natty Fatty Powerlifting But its not just bank accounts all financial accounts can become discoverable In a suit not easy to hide for typical person.

[@youngtimer964]

Mark G not too sure about “sue happy”. Maybe in some parts of US. I’m 66, never been sued, don’t know a single person who has been sued or sued someone else. Insurance companies use this as a scare tactic to extort money from folks.

[@markg999]

@@youngtimer964 2010 Harvard report 5800 suits per 100k people UK and England second at 3,600....Australia and Canda 1,500. So no not every person is sued in this country.

[@markbtw7987]

3:40 Isn't that a good thing in a way? By putting up a fight to pay out that keeps their cost down and thus premiums down. Not good if you need them to pay out but for the 99% of us we get lower rates.

[@aimstures16]

I have USAA & I pay $80/month for a 2021 Mazda

[@Desertbiker617]

I had a bad experience with Progressive. I had a clean driving record. Once I was cut off by a 18 wheeler and my driver side mirror got smacked off by an orange construction cone on the highway in AZ. They took 5 weeks to replace my mirror and jacked my annual premium by $2000 a year! I dropped them immediately. 😐

[@ashiaspradley1099]

Dave i have State Farm now and dealing with a fight now because of an uninsured motorist im just lost at what to do. We have full coverage but just now finding out we do not have uninsured motorist assuming it was part of full coverage

[@sendit3251]

What was the end result? I recently added that coverage

[@ashiaspradley1099]

​@@sendit3251 ended up paying our full deductible instead of half if we had that feature.

[@alexkerhulas8595]

Hi Everyone, I am a licensed Insurance agent and if anyone has any questions please feel free to reach out regarding any insurance needs. Great video as always Dave and keep up the great work!

[@victormanuel6159]

Maybe I will buy more than vehicle insuring If The prices right

[@KP-uz3nk]

Is collision coverage worth it if we are debt free with a fully funded emergency fund?

[@justice8563]

I have a 19 year old car with really low mileage. I was wondering if you could tell what kind of coverage would be best and what I don’t need? I’m tired of the policy always going up. If there is something I don’t need then I rather not have it, but I’m not sure what that would be.

[@singersitagurung]

State farm rely bad I have been with them many years recently someone without I suran e hit my car and iam fi di g hard time with claim. It seems that they are trying not to pay. think I need to change to different company.

[@kingwei1838]

what is the best insurance company?

[@CaseyBurnsInvesting]

Unrelated PSA: Beware of those robocalls that offer full coverage. Got scammed 🤦🏾‍♂️

[@Fullrusher]

Casey Burns Investing yo

[@CaseyBurnsInvesting]

What’s up rush man. Stay moving around the map my friend 🙏🏾

[@nicolegwynn2462]

This young man is so sweet. Young drivers

[@kjwworldwide]

Your price is determined by statistics. If your learn how companies rate you then you can make better choices. Switching every year eventually puts you in the defector pool and most companies will charge you more because your a bad investment. You need enough insurance to prevent losing your assets.

[@HH-CA]

i agree,.......and stay away for state farm

[@hyerdgusa1029]

Thank you for sharing

[@cherahsBroll]

Wow, I didn’t know about this thank you.

[@buckybarnes3803]

Same thing I got hit by a State farm driver and in spite of two witnesses to my benefit State farm wanted to split the cost instead of taking responsibility

[@MichaelP-ke1tm]

That's why you need a police report. I had police reports both times I got hit and state farm paid me right away. They can't dispute a police report and a dash camera and I have both. My dash camera was $30 from Amazon and is beautiful.

[@turt1231]

Which one you got?

[@buckybarnes3803]

@@turt1231 AAA

[@zeyedim]

Where can I find an independent agent?

[@oscarcantu206]

What is premium car insurance State Farm added on extra money on my payment for premium that I never agreed to

[@eze2190]

Been with State Farm since I bought my first car. I’ve shopped around and never found anyone who beats them. Never had a claim, so can’t speak to that.

[@s3np411]

You heard it from Dave, State Farm fights for its policy holders.

[@richardmahoney4531]

modern vehicles are now over $100 K ( escalade , pickup trucks ) - easy to hit policy limits

[@Floof_Factory]

How do I find an independent insurance agent

[@justinpetrash1005]

Type into Independent Insurance Agency in ___________ (your town you live in)

[@fedrikSembo]

very helpful

[@andrewnavarro559]

How do I find an independent auto insurance agent?

[@mightydeathlash2867]

I wanna know this too 👍

[@richardm5540]

My car insurance goes up 20% in 6 months. Gouging is running rampant!

[@deciembre2012]

So liability is better than full coverage?

[@CooksArt]

4 years ago it was $200.00, now it's over $400.00 a year.

[@SeanBaker]

Yup. Saved a good chunk of money by going with an independent agent for home and auto.

[@iluvrachellef]

I need to look into that.

[@kokuz0512]

He missed talking about medpay. I’m I and umpd. And deductibles. So at the end of the day, he only advised on 10% of the policy coverages. So not really a good advice. He did cover liability and that was correct.

[@jonathoncardwell6786]

Do people driving around trying to have more children in co signed vehicles or sports cars with switched plates abd tickets that end up on others driving record cost everyone more every time someone with no insurance gets a ticket?

[@sappermade6012]

The liability part of the policy is the least expensive which state are you talking about dude?

[@uwood83]

State Farm is a gr8 company. I've never had any issue with them and they are cheaper than 90% of companies I looked at.

[@jenniferannfox2316]

thats good to know because I have State Farm and its high and thought about comparing others prices.

[@multistack1502]

Geico is a joke. I had them for years. Mercury is what I have now and is cheap.

[@ChrisMFlorida]

I've had state farm and they are very high compared to progressive and geico.

[@uwood83]

@@ChrisMFlorida state farm was cheaper for me.

[@retiredmanager510]

Chris Vandernaald I have a friend who was driving his girlfriends car. She has geico. They don’t allow permissive use. He was in an accident driving her car they refused to cover it. In. california insurance stays with the car. It doesn’t follow the driver, so his insurance wouldn’t cover on a non-owned auto either. They had to pay out of their own pocket for the repairs.

[@g-dub5272]

“For 1 thing there’s no expensive football players on their commercials” lol ain’t that the truth

[@eddierobles2137]

Great information. Thanks

[@devolution5040]

SMH I’m about to switch from state farm. SMH I’m paying 400$ for two cars. Never had an accident, clean record, newer vehicles are newer, and no break smh.

[@robitaill3]

It’s not possible to justify collision insurance if your car costed less than the deductible

[@calgary2800]

Lol, does the car even have a motor in it?

[@mrbriceno3949]

Mercury never paid me when an old man that was with them side swiped me i kept ot old school n didnt really care bcus i have a 98 honda and he messed up his new VW felt bad for the old dude.

[@sudakara2388]

Can Umbrella Insurance covers the LawSuit that is issued before the Purchase date of the Umbilical Insurance?

[@teacherdavid--eatplaylearn5013]

USAA is only available to U.S. military members, their immediate families, and veterans 😭😅

[@jacobshaw2991]

David KinderTeacher I’ve got USAA and have none of that, my mom worked there 😉

[@BlakeC341]

Love USAA.

[@KaiM-t6s]

I'm 19 have bare minimum liability and I own nothing so nobody would try to sue me if my insurance doesn't pay them out enough (unless your lawyer is stupid) I also buy cheap cars and my husband fixes them up so I can easily replace them.

[@mountshine13]

Great Insight, Ramsey. ✌

[@paddy9449]

Car insurance is a HUGE ripp-off

[@kevinl9269]

All state, super expensive. Aaa is not bad, they are cheaper or Giego

[@cameronclark3927]

So Dave is dead wrong I work at a State Farm office and I AM NOT A STATE FARM EMPLOYEE. I work for the agent that has his name on the building. We are captive yes but I do not get paid unless I sell. All State Farm office’s are independently owned and operated

[@AndyFahey]

Yet another messed up way Americans do things versus the rest of the world.

[@blackworldtraveler3711]

Andy Fahey You are apparently on KZbin....an American company.

[@Blackafternoon]

@@blackworldtraveler3711 yeah and Id say its pretty messed up.

[@blackworldtraveler3711]

@@Blackafternoon Yet you are here with the rest of the world when you have a choice not to be here. Should have bought shares of Google years ago in Roth 401k and taxable brokerage account like I did. Heck I hate McDonald's but still own the stock since buying it at $2 a share.

[@mythicalghost1769]

What deductible should i get my vechicle is paid off