tag:blogger.com,1999:blog-7171307653508307040.post9153636683958594357..comments2024-03-16T20:29:10.881-04:00Comments on Travel with Kevin and Ruth: Want to save on car insurance?Kevin Readhttp://www.blogger.com/profile/05795747155781311686noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7171307653508307040.post-81082350711785724812012-09-28T05:02:24.628-04:002012-09-28T05:02:24.628-04:00I think you definitely have the right idea there C...I think you definitely have the right idea there CAE.Kevin Readhttps://www.blogger.com/profile/05795747155781311686noreply@blogger.comtag:blogger.com,1999:blog-7171307653508307040.post-30098105653202945932012-09-27T13:00:17.810-04:002012-09-27T13:00:17.810-04:00Get the cheapest car you're comfortable with, ...Get the cheapest car you're comfortable with, then the highest deductible and the minimum liability. I went from $1200/year to $380. <br />A guy backed into my car last year and caused $2000 in damage. I pulled the dent out myself and kept the 2 grand. If you drive slowly and carefully, odds are very good you'll never be the one at fault.CAEhttps://www.blogger.com/profile/04965649460596033617noreply@blogger.comtag:blogger.com,1999:blog-7171307653508307040.post-82611862418820232012012-09-27T11:58:23.206-04:002012-09-27T11:58:23.206-04:00We didn't have collision on our truck either t...We didn't have collision on our truck either to keep costs down. We're not so sure about the van though since it is the only vehicle we have now plus our only home. Great info - thanks.Teresa Johannesma Woodhttps://www.blogger.com/profile/04452415576469118219noreply@blogger.comtag:blogger.com,1999:blog-7171307653508307040.post-79579833992432858902012-09-27T11:35:06.202-04:002012-09-27T11:35:06.202-04:00We just went through our insurance, we do it every...We just went through our insurance, we do it every year when the bill is due, to make sure we aren't paying for something we don't need and that the deductibles are sufficiently high enough. Good job on you car.Anonymoushttps://www.blogger.com/profile/17263191567454481794noreply@blogger.comtag:blogger.com,1999:blog-7171307653508307040.post-80981716995965589942012-09-27T09:58:51.596-04:002012-09-27T09:58:51.596-04:00Good comments Mike, thanks for your input!Good comments Mike, thanks for your input!Kevin Readhttps://www.blogger.com/profile/05795747155781311686noreply@blogger.comtag:blogger.com,1999:blog-7171307653508307040.post-51622865029199107262012-09-27T09:57:44.381-04:002012-09-27T09:57:44.381-04:00Hi Bill and Bonnie! Our motorhome insurance while ...Hi Bill and Bonnie! Our motorhome insurance while in Mexico was with ACE Seguros. They were the ones who specifically said that we did not need to have Canadian coverage in place while insured with them in Mexico. I would assume it would be the same with a car.<br /><br />Hope to see you as well. Man, can't believe we've only just missed each other the last few winters! We'll probably be about two weeks ahead of you, heading for the mountains south of Guadalajara.Kevin Readhttps://www.blogger.com/profile/05795747155781311686noreply@blogger.comtag:blogger.com,1999:blog-7171307653508307040.post-3900671021278387712012-09-27T09:39:25.845-04:002012-09-27T09:39:25.845-04:00Your right, insurance is gambling. The key is how...Your right, insurance is gambling. The key is how much you want to risk and how much you want an insurance company to help share the risk. As your examples show, it is easiest to see the equation with collision and comprehensive coverages. The maximum value at risk is your car. (Wouldn't you know it though after i switched to a $1000 comprehensive deductible on my Miata toad, I hit a West Texas hailstorm with softball size hail; I lost that bet). <br /><br />Liability coverages are different. In this case, what you are gambling are your other assets. In the States, if I injure a person with my car and cause him 2 million in injury and he is now a paraplegic, and my insurance is only $300K, the other party can come after me for the difference of $1.7 million. Not a big deal if my 1999 22 foot class c motorhome is about the extent of my assets as there is nothing to take. Now, if I own a bunch of Bain Capital Stock, I am more concerned and more interested in having a higher limit. <br /><br />This does vary by country based on a number of things. I was at first surprised at the size of the recommendations you got in Canada, but then I remembered up there the "loser pays" the other side's lawyer bil, hence a reason for more cover. But with universal health care, that aspect of the damages should go down I would think. And Mexico is lower because of the low cost of health care and vehicle repair.<br /><br />I know I will be dropping my US coverage on the RV when I get to Mexico this year. But I can't find a US company to just sell me storage on the Miata in the US.<br /><br />Wandering Mikehttps://www.blogger.com/profile/06189837920805924625noreply@blogger.comtag:blogger.com,1999:blog-7171307653508307040.post-67853676460862703662012-09-27T09:22:55.531-04:002012-09-27T09:22:55.531-04:00Hi Kevin, our Mex ins says we must have ins in the...Hi Kevin, our Mex ins says we must have ins in the US to get Mx ins. Who do you go through for MX ins? Hope to see you this year in MX. We will probley be crossing the border abou the 2nd week of nov. Going down the east coast and to Progreso, Yuc. Going to look for a place to park the MH and then can ride the scooter out from there. Have a good trip back to Canada. Bill and Bonnie Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7171307653508307040.post-30575684152299186352012-09-27T04:52:33.718-04:002012-09-27T04:52:33.718-04:00Can't play along today. Maybe in a few months...Can't play along today. Maybe in a few months. Haven't had a pink slip in my possession since we parted company with the RV in May of 2010 (*sad*)<br />It's an odd thing to not *own* a vehicle, as I/we have always had one or more since about 1977.<br />Seems vehicle ownership is part of our North American culture. The ex-pat gig means the company ponies up the dough for all things automotive. I find that to be the very best way to save on insurance too. *snort*<br />Bobhttps://www.blogger.com/profile/03523653271715366168noreply@blogger.com