This is what I pay for insurance...

Not that simple, doofus. What happens if someone nails you in a
parking lot, then drives-off? That's right, you're out the
deductible.

 

Nice top post, "Larry". Ever consider a blank line between what you
write and the post that follows? Sheesh.

 

You have a great deal. I'd be proud to pay so little for so much.
(me: '90 Integra, liability only = $700 a year. No one under 25 can drive the
car either.)

Just hope the ins co will be there if/when you need them.

Who is your carrier?

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Yeah I know. I don't know if there are any other no-fault states, but I know MI is.

 

Can you afford to go without a car or any money to go towards a replacement
car if the Si were wiped out in a solo crash tomorrow?

If the Si is your only car, I'd keep collision on it. If it's an 'extra'
car, or a winter beater that doesn't have a lot of value left in it, you
could consider going without.

I just did a check on my '92 Mazda MX-3 GS, which is an 'extra' car to me
with 142,000 miles so there's not a lot of resale value left in it.
Collision coverage on a six-month policy ranges from a premium of $87 with
a $1000 deductible to $173 with a $50 deductible.

Doing a quick check on Progressive's site shows that for a random '02 Civic
Si that's paid for, collision coverage ranges from $150 with $1000
deductible to $301 with a $50 deductible.

I'm a cheapskate, so I'm willing to keep $87 to $173 in my pocket every six
months and if I do something stupid and kill the Mazda, it's gone and I'm
going to get nothing from the insurance company to compensate for my loss. I
figure right now it's probably a $2000 car, so to get $1950 back from the
insurance company I'd have to spend _at least_ $173, and every six months I
go without trashing the car it continues to cost me more, and the likelyhood
of my getting the full $2000 back goes down as the car continues to lose
value with age and mileage.

Doing another quick check of AutoTrader.com shows that your 2000 Civic Si
probably still has anywhere from $10000 to $14000 in resale value still in
it. To me, that's way too much money to risk losing without any compensation
if you wreck it in an at-fault accident tomorrow.

But since you've already considered going without collision coverage
entirely, you're probably OK with going with a maximum deductible on
collision so you're paying the minimum amount of money for that coverage.
With as much money as you still have tied up in that car, I'd make sure that
if the car went away tomorrow, I'd still get something out of the insurance
company for it so I could recoup some of that investment towards replacing
it.

But that's just me, and I'm only offering advice cause I got out of the
business of telling other people what to do a long time ago.

 

This is not the case though. I pay $70.00 per month for FULL coverage and a
250 deductible on my 2002 Civic ex. My monthly payments car are $300.00.

 

My carrier is Liberty Mutual. I have been with them for about 20 years now.

 

know MI is.

NY is a no-fault state, but it doesn't apply as you state it.

If I'm in an accident that is the other persons fault...

-If I put the claim into my insurance company, they withhold the deductible.
-If they collect the full amount from the other persons insurance company, I
get re-imbursed.
-If I go after the other persons insurance company, I collect in full.

Every accident I (or my wife) has been in, I notify my insurance company of
the accident (in case I have trouble collecting), and then go after the
other persons insurance directly. There is no deductible on liability (the
portion of the other persons insurance that pays my damages) and I collect
in full.

 

Dude-Keep that rate. I have 1 ticket on my record and pay $210 for a 98
Civic EX. True I am 22-single and don't have the discounts you do but
still. My deductable is 500. Keep your low deductable cause like the guy
said above-it could take 3 years to save the money to be ahead. Doesn't
sound like you have a problem paying it.

As for the guy with the Si- If you live around the great Pacific Northwest
you are absolutely crazy not to at lease have Comp. I don't know anybody
here with a GSR, Si, Type R that hasn't had at least a little damage from a
break in if not had the car stolen completely. Make sure you know how bad
your area is cause you may be out $14000 if it gets jacked! Even though the
key is chipped a good theif can get your car started in less than 45 seconds
with a screwdriver.

Ryan