Been going back and forth on this one...my current policy feels kinda basic, and I keep wondering if I'm underinsured. I mean, yeah, saving money is nice, but I don't wanna be stuck paying outta pocket if something serious happens. How do you guys figure out exactly how much coverage makes sense without wasting cash on stuff you won't ever really use? Curious how everyone else approaches this.
I struggled with this too for a while. Here's what I did: first, I checked what my state minimums were—those are usually way too low imo. Then I looked at my actual assets and figured out how much I could realistically afford to pay if something serious happened. Ended up bumping my liability coverage quite a bit just for peace of mind. Yeah, it costs a bit more each month, but honestly, I sleep better knowing I'm not one accident away from financial ruin...
I get where you're coming from, but honestly, bumping up liability isn't always the best choice for everyone. When I was younger and barely scraping by, even a small premium increase was tough to manage each month. Sometimes it makes sense to stick closer to the state minimums—especially if your car's older or your assets aren't much. Sure, peace of mind is great, but there's also peace in not stressing every month about bills...just something else to consider.
Totally get your point about the premiums. I'm just starting out with insurance myself, and honestly, looking at all these coverage options feels like trying to decode some ancient language—anyone else feel like they need a translator for this stuff? 😂
But seriously, I think you're onto something with the older car thing. My ride is basically held together by duct tape and hope at this point, so paying extra for higher coverage seems kinda pointless. Like, if someone hits me, would I even notice another dent? Probably not.
Still, I wonder if sticking to minimums could bite me later if something major happens. Is it worth the gamble to save a few bucks now? Or am I just overthinking this whole insurance thing (wouldn't be the first time)? Either way, it's nice knowing I'm not the only one stressing about balancing coverage and cost...
