Re: amount of coverage....
SandyC_01 said:
Pennsylvania
I know...My husband and i have 3 times that amount of coverage. Our Insurance agent said that was enough coverage for her age , He said that the premium would be thru the roof if we rasied the amount of coverage on her all because of her age. She is a very good driver and has never had an accident or ticket of any kind. He told us that her premium would go down a bit when she turns 19 but not much, ...When shes 24 it will drop a good deal. I just hate that she is being punished dollarwise because of her age. She has had her own insurance policy since she was 16 1/2 and i think she should be rewarded for a good driving record instead of being charged so much money for others having accidents when they were young.
Thanks so much for responding to my question
[email protected]
My response:
Listen, my purpose is not to argue the point with you. However, you're making very little, and in my opinion, foolish sense. Let me explain.
You said - -
"She is a very good driver and has never had an accident or ticket of any kind."
Never had an accident? Never had a ticket? The reality, and the fact is, according to you, and using simple mathematics, she's only been driving for 1.5 years. Not a terrific amount of experience. She has no idea what to do in an emergency situation. She doesn't have the experience to know - - unless she's a student of the Bob Bondurant school of driving. Ergo, she's an accident waiting to happen - - from a statistical standpoint.
You further said - -
"Our Insurance agent said that was enough coverage for her age."
Coverage for her age? Either your agent is a complete idiot, or you misunderstood his actual statement to you. Please, tell me what "age" has to do with wiping out the entire Sanchez family in an intersection. Remember, Mr. Sanchez is the wage-earner of the family, grossing $140,000.00 per year, and a mortgage that would choke a horse. Your daughter kills Mr. Sanchez, and puts Mrs. Sanchez and the 3 children into ICU for 3 months.
What do you think $100,000.00 would do for the Sanchez family?
Nothing.
However, not only would the Sanchez family get the $100,000.00, but they would get a judgment against your daughter that would place her in her own little slice of hell for years, and years, and years, to come.
Not the type of monkey you would want on your daughter's back. Hopefully, and with your own imagination, you could come up with your own, and better, "worst case scenario" - - and none of them are very pretty. This is what insurance is for - - the "worst case scenario".
Oh, and here's something else for you to ponder while you're dialing your agent to get more insurance. The average accident occurs within a 5 mile radius of a driver's home, and a person's first accident occurs within 3 years of obtaining their license.
Statistically speaking, your daughter only has up to another 1.5 years left before she's involved in a lolapallooza of an accident. Remember, that's "up to" 1.5 years. Theoretically, it could happen tomorrow.
Have a nice evening.
IAAL