I do sales and service for an insurance agency. Our agency recommends a minimum of 100/300/100 for liability coverage. If you like in an area where luxury cars are regularly around you and dense population, definitely do it. As far as deductibles, for collision ask yourself “how much out of pocket cost can I cover before it becomes a burden”. For cars over 10-15 years old the savings in dropping collision coverage is typically higher than having collision coverage on the vehicle. If your glass coverage is included in your comprehensive coverage, select a deductible of $50. Glass repairs are typically $200-$375, I’ve never seen a glass claim over $550.
KifferKen t1_je7fniv wrote
Reply to How do you determine you coverage limits for home or auto insurance? What is your system for determining them? by joecarst
I do sales and service for an insurance agency. Our agency recommends a minimum of 100/300/100 for liability coverage. If you like in an area where luxury cars are regularly around you and dense population, definitely do it. As far as deductibles, for collision ask yourself “how much out of pocket cost can I cover before it becomes a burden”. For cars over 10-15 years old the savings in dropping collision coverage is typically higher than having collision coverage on the vehicle. If your glass coverage is included in your comprehensive coverage, select a deductible of $50. Glass repairs are typically $200-$375, I’ve never seen a glass claim over $550.