Up the deductibles?

We own a 1997 Rav4 with about 90,000 miles on it. We're thinking of upping
our collision and comprehensive deductibles from $500 to $1000 to lower our
premium.

Does this Rav still have enough value to keep the lower deductibles? Would
it be worth it to fix if $1000 worth of damage occurred?

--
Ray

Remove NO and SPAM to reply

"Ray" <maisanoNO@SPAMmindspring.com> wrote in message
news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...[color=blue]
> We own a 1997 Rav4 with about 90,000 miles on it. We're thinking of
> upping
> our collision and comprehensive deductibles from $500 to $1000 to lower
> our
> premium.
>
> Does this Rav still have enough value to keep the lower deductibles?
> Would
> it be worth it to fix if $1000 worth of damage occurred?
>
> --
> Ray
>[/color]
The difference in liability is $500 if a claim is filed. Figure out the
difference in premiums and how long you will keep the vehicle, and calculate
the likelihood of a claim (based on past experience) to determine the
expected value of each option.

Almost certainly up the deductible and over 3-4 years you'll be ahead unless
you are accident prone or just have a streak of really bad luck. Most people
wouldn't file small claims ANYWAY. I have a $1000 deductible (because that's
the maximum they'll write) and I'd NEVER put in a claim for less than $2000
or even $2500.

"Ray" <maisanoNO@SPAMmindspring.com> wrote in message
news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...[color=blue]
> We own a 1997 Rav4 with about 90,000 miles on it. We're thinking of
> upping
> our collision and comprehensive deductibles from $500 to $1000 to lower
> our
> premium.
>
> Does this Rav still have enough value to keep the lower deductibles?
> Would
> it be worth it to fix if $1000 worth of damage occurred?
>
> --
> Ray
>
> Remove NO and SPAM to reply
>
>[/color]

The car is going to be totalled at about $4000 in damage. If you have no
loan on the car, dump the deductable and if the car sustains more than $1000
in damage, sell it for scrap and buy a new one.

You can look up the value at which the car will be totalled, I pulled four
grand out of my ass to illustrate the point I was making. I think that $4k
is a reasonably close number though. If the car is still worth more than
that, then keep the deductable for a few years then drop it. I would carry
the deductable at $1000. You will save more than $500 in the first year, so
you can easily cover the increased exposure.


"Ray" <maisanoNO@SPAMmindspring.com> wrote in message
news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...[color=blue]
> We own a 1997 Rav4 with about 90,000 miles on it. We're thinking of[/color]
upping[color=blue]
> our collision and comprehensive deductibles from $500 to $1000 to lower[/color]
our[color=blue]
> premium.
>
> Does this Rav still have enough value to keep the lower deductibles?[/color]
Would[color=blue]
> it be worth it to fix if $1000 worth of damage occurred?
>
> --
> Ray
>
> Remove NO and SPAM to reply
>
>[/color]

Who would carry collision coverage on a vehicle worth only 4K or
even 5K? ;)


mike hunt



Jeff Strickland wrote:[color=blue]
>
> The car is going to be totalled at about $4000 in damage. If you have no
> loan on the car, dump the deductable and if the car sustains more than $1000
> in damage, sell it for scrap and buy a new one.
>
> You can look up the value at which the car will be totalled, I pulled four
> grand out of my ass to illustrate the point I was making. I think that $4k
> is a reasonably close number though. If the car is still worth more than
> that, then keep the deductable for a few years then drop it. I would carry
> the deductable at $1000. You will save more than $500 in the first year, so
> you can easily cover the increased exposure.
>
> "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
> news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...[color=green]
> > We own a 1997 Rav4 with about 90,000 miles on it. We're thinking of[/color]
> upping[color=green]
> > our collision and comprehensive deductibles from $500 to $1000 to lower[/color]
> our[color=green]
> > premium.
> >
> > Does this Rav still have enough value to keep the lower deductibles?[/color]
> Would[color=green]
> > it be worth it to fix if $1000 worth of damage occurred?
> >
> > --
> > Ray
> >
> > Remove NO and SPAM to reply
> >
> >[/color][/color]

That's my point. The only reason to carry collision in that instance is
because the car is financed.




<BigJohnson@mailcity.com> wrote in message
news:42724A55.1B3074A7@mailcity.com...[color=blue]
> Who would carry collision coverage on a vehicle worth only 4K or
> even 5K? ;)
>
>
> mike hunt
>
>
>
> Jeff Strickland wrote:[color=green]
> >
> > The car is going to be totalled at about $4000 in damage. If you have no
> > loan on the car, dump the deductable and if the car sustains more than[/color][/color]
$1000[color=blue][color=green]
> > in damage, sell it for scrap and buy a new one.
> >
> > You can look up the value at which the car will be totalled, I pulled[/color][/color]
four[color=blue][color=green]
> > grand out of my ass to illustrate the point I was making. I think that[/color][/color]
$4k[color=blue][color=green]
> > is a reasonably close number though. If the car is still worth more than
> > that, then keep the deductable for a few years then drop it. I would[/color][/color]
carry[color=blue][color=green]
> > the deductable at $1000. You will save more than $500 in the first year,[/color][/color]
so[color=blue][color=green]
> > you can easily cover the increased exposure.
> >
> > "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
> > news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...[color=darkred]
> > > We own a 1997 Rav4 with about 90,000 miles on it. We're thinking of[/color]
> > upping[color=darkred]
> > > our collision and comprehensive deductibles from $500 to $1000 to[/color][/color][/color]
lower[color=blue][color=green]
> > our[color=darkred]
> > > premium.
> > >
> > > Does this Rav still have enough value to keep the lower deductibles?[/color]
> > Would[color=darkred]
> > > it be worth it to fix if $1000 worth of damage occurred?
> > >
> > > --
> > > Ray
> > >
> > > Remove NO and SPAM to reply
> > >
> > >[/color][/color][/color]

Then the discussion of deductible should be moot. I'm amazed
that people opt for an extra high $500 deductible on
comprehensive when zero deductible is only a few more dollars
annually.


mike hunt



Jeff Strickland wrote:[color=blue]
>
> That's my point. The only reason to carry collision in that instance is
> because the car is financed.
>
> <BigJohnson@mailcity.com> wrote in message
> news:42724A55.1B3074A7@mailcity.com...[color=green]
> > Who would carry collision coverage on a vehicle worth only 4K or
> > even 5K? ;)
> >
> >
> > mike hunt
> >
> >
> >
> > Jeff Strickland wrote:[color=darkred]
> > >
> > > The car is going to be totalled at about $4000 in damage. If you have no
> > > loan on the car, dump the deductable and if the car sustains more than[/color][/color]
> $1000[color=green][color=darkred]
> > > in damage, sell it for scrap and buy a new one.
> > >
> > > You can look up the value at which the car will be totalled, I pulled[/color][/color]
> four[color=green][color=darkred]
> > > grand out of my ass to illustrate the point I was making. I think that[/color][/color]
> $4k[color=green][color=darkred]
> > > is a reasonably close number though. If the car is still worth more than
> > > that, then keep the deductable for a few years then drop it. I would[/color][/color]
> carry[color=green][color=darkred]
> > > the deductable at $1000. You will save more than $500 in the first year,[/color][/color]
> so[color=green][color=darkred]
> > > you can easily cover the increased exposure.
> > >
> > > "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
> > > news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...
> > > > We own a 1997 Rav4 with about 90,000 miles on it. We're thinking of
> > > upping
> > > > our collision and comprehensive deductibles from $500 to $1000 to[/color][/color]
> lower[color=green][color=darkred]
> > > our
> > > > premium.
> > > >
> > > > Does this Rav still have enough value to keep the lower deductibles?
> > > Would
> > > > it be worth it to fix if $1000 worth of damage occurred?
> > > >
> > > > --
> > > > Ray
> > > >
> > > > Remove NO and SPAM to reply
> > > >
> > > >[/color][/color][/color]

It's more than "a few dollars annually". Indeed, when one raises the
deductable, he can often save in the premium during the first year enough to
make up toe out of pocket exposure.

Typically, one will by a new car and take the low deductable. Then the years
go by and they realize they have a low deductable on a car that is fully
depriciated and possibly not worth repairing. This is when they might ask if
it makes sense to raise the deductable.

And, $500 is a low deducatable, not a high one and certainly not "extra
high."




<MajorDomo@mailcity.com> wrote in message
news:427299BD.FB056D29@mailcity.com...[color=blue]
> Then the discussion of deductible should be moot. I'm amazed
> that people opt for an extra high $500 deductible on
> comprehensive when zero deductible is only a few more dollars
> annually.
>
>
> mike hunt
>
>
>
> Jeff Strickland wrote:[color=green]
> >
> > That's my point. The only reason to carry collision in that instance is
> > because the car is financed.
> >
> > <BigJohnson@mailcity.com> wrote in message
> > news:42724A55.1B3074A7@mailcity.com...[color=darkred]
> > > Who would carry collision coverage on a vehicle worth only 4K or
> > > even 5K? ;)
> > >
> > >
> > > mike hunt
> > >
> > >
> > >
> > > Jeff Strickland wrote:
> > > >
> > > > The car is going to be totalled at about $4000 in damage. If you[/color][/color][/color]
have no[color=blue][color=green][color=darkred]
> > > > loan on the car, dump the deductable and if the car sustains more[/color][/color][/color]
than[color=blue][color=green]
> > $1000[color=darkred]
> > > > in damage, sell it for scrap and buy a new one.
> > > >
> > > > You can look up the value at which the car will be totalled, I[/color][/color][/color]
pulled[color=blue][color=green]
> > four[color=darkred]
> > > > grand out of my ass to illustrate the point I was making. I think[/color][/color][/color]
that[color=blue][color=green]
> > $4k[color=darkred]
> > > > is a reasonably close number though. If the car is still worth more[/color][/color][/color]
than[color=blue][color=green][color=darkred]
> > > > that, then keep the deductable for a few years then drop it. I would[/color]
> > carry[color=darkred]
> > > > the deductable at $1000. You will save more than $500 in the first[/color][/color][/color]
year,[color=blue][color=green]
> > so[color=darkred]
> > > > you can easily cover the increased exposure.
> > > >
> > > > "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
> > > > news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...
> > > > > We own a 1997 Rav4 with about 90,000 miles on it. We're thinking[/color][/color][/color]
of[color=blue][color=green][color=darkred]
> > > > upping
> > > > > our collision and comprehensive deductibles from $500 to $1000 to[/color]
> > lower[color=darkred]
> > > > our
> > > > > premium.
> > > > >
> > > > > Does this Rav still have enough value to keep the lower[/color][/color][/color]
deductibles?[color=blue][color=green][color=darkred]
> > > > Would
> > > > > it be worth it to fix if $1000 worth of damage occurred?
> > > > >
> > > > > --
> > > > > Ray
> > > > >
> > > > > Remove NO and SPAM to reply
> > > > >
> > > > >[/color][/color][/color]

On Fri, 29 Apr 2005 14:35:34 -0700, "Jeff Strickland"
<spamcatcher@yahoo.net> wrote:
[color=blue]
>It's more than "a few dollars annually". Indeed, when one raises the
>deductable, he can often save in the premium during the first year enough to
>make up toe out of pocket exposure.
>
>Typically, one will by a new car and take the low deductable. Then the years
>go by and they realize they have a low deductable on a car that is fully
>depriciated and possibly not worth repairing. This is when they might ask if
>it makes sense to raise the deductable.
>
>And, $500 is a low deducatable, not a high one and certainly not "extra
>high."[/color]

Same for health insurance.

--
Scott in Florida

The is true in the case of collision coverage, but not
comprehensive coverage. For six moths coverage my zero
deductible comprehensive premium is $213. $100 deductible would
cost $197, $250 is $157, $500 os $138. Hardly worth the cost of
a broken windshield.


mike hunt



Jeff Strickland wrote:[color=blue]
>
> It's more than "a few dollars annually". Indeed, when one raises the
> deductable, he can often save in the premium during the first year enough to
> make up toe out of pocket exposure.
>
> Typically, one will by a new car and take the low deductable. Then the years
> go by and they realize they have a low deductable on a car that is fully
> depriciated and possibly not worth repairing. This is when they might ask if
> it makes sense to raise the deductable.
>
> And, $500 is a low deducatable, not a high one and certainly not "extra
> high."
>
> <MajorDomo@mailcity.com> wrote in message
> news:427299BD.FB056D29@mailcity.com...[color=green]
> > Then the discussion of deductible should be moot. I'm amazed
> > that people opt for an extra high $500 deductible on
> > comprehensive when zero deductible is only a few more dollars
> > annually.
> >
> >
> > mike hunt
> >
> >
> >
> > Jeff Strickland wrote:[color=darkred]
> > >
> > > That's my point. The only reason to carry collision in that instance is
> > > because the car is financed.
> > >
> > > <BigJohnson@mailcity.com> wrote in message
> > > news:42724A55.1B3074A7@mailcity.com...
> > > > Who would carry collision coverage on a vehicle worth only 4K or
> > > > even 5K? ;)
> > > >
> > > >
> > > > mike hunt
> > > >
> > > >
> > > >
> > > > Jeff Strickland wrote:
> > > > >
> > > > > The car is going to be totalled at about $4000 in damage. If you[/color][/color]
> have no[color=green][color=darkred]
> > > > > loan on the car, dump the deductable and if the car sustains more[/color][/color]
> than[color=green][color=darkred]
> > > $1000
> > > > > in damage, sell it for scrap and buy a new one.
> > > > >
> > > > > You can look up the value at which the car will be totalled, I[/color][/color]
> pulled[color=green][color=darkred]
> > > four
> > > > > grand out of my ass to illustrate the point I was making. I think[/color][/color]
> that[color=green][color=darkred]
> > > $4k
> > > > > is a reasonably close number though. If the car is still worth more[/color][/color]
> than[color=green][color=darkred]
> > > > > that, then keep the deductable for a few years then drop it. I would
> > > carry
> > > > > the deductable at $1000. You will save more than $500 in the first[/color][/color]
> year,[color=green][color=darkred]
> > > so
> > > > > you can easily cover the increased exposure.
> > > > >
> > > > > "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
> > > > > news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...
> > > > > > We own a 1997 Rav4 with about 90,000 miles on it. We're thinking[/color][/color]
> of[color=green][color=darkred]
> > > > > upping
> > > > > > our collision and comprehensive deductibles from $500 to $1000 to
> > > lower
> > > > > our
> > > > > > premium.
> > > > > >
> > > > > > Does this Rav still have enough value to keep the lower[/color][/color]
> deductibles?[color=green][color=darkred]
> > > > > Would
> > > > > > it be worth it to fix if $1000 worth of damage occurred?
> > > > > >
> > > > > > --
> > > > > > Ray
> > > > > >
> > > > > > Remove NO and SPAM to reply
> > > > > >
> > > > > >[/color][/color][/color]

You are joking. Out here, Farmers does not even offer a zero deductable
option. Even going below $1000 deductable ramps up the premim considerably.

[email]MajorDomo@mailcity.com[/email] wrote:[color=blue]
> Then the discussion of deductible should be moot. I'm amazed
> that people opt for an extra high $500 deductible on
> comprehensive when zero deductible is only a few more dollars
> annually.
>
>
> mike hunt
>
>
>
> Jeff Strickland wrote:[color=green]
>>
>> That's my point. The only reason to carry collision in that instance
>> is because the car is financed.
>>
>> <BigJohnson@mailcity.com> wrote in message
>> news:42724A55.1B3074A7@mailcity.com...[color=darkred]
>>> Who would carry collision coverage on a vehicle worth only 4K or
>>> even 5K? ;)
>>>
>>>
>>> mike hunt
>>>
>>>
>>>
>>> Jeff Strickland wrote:
>>>>
>>>> The car is going to be totalled at about $4000 in damage. If you
>>>> have no loan on the car, dump the deductable and if the car
>>>> sustains more than $1000 in damage, sell it for scrap and buy a
>>>> new one.
>>>>
>>>> You can look up the value at which the car will be totalled, I
>>>> pulled four grand out of my ass to illustrate the point I was
>>>> making. I think that $4k is a reasonably close number though. If
>>>> the car is still worth more than that, then keep the deductable
>>>> for a few years then drop it. I would carry the deductable at
>>>> $1000. You will save more than $500 in the first year, so you can
>>>> easily cover the increased exposure.
>>>>
>>>> "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
>>>> news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...
>>>>> We own a 1997 Rav4 with about 90,000 miles on it. We're thinking
>>>>> of upping our collision and comprehensive deductibles from $500
>>>>> to $1000 to lower our premium.
>>>>>
>>>>> Does this Rav still have enough value to keep the lower
>>>>> deductibles? Would it be worth it to fix if $1000 worth of damage
>>>>> occurred?
>>>>>
>>>>> --
>>>>> Ray
>>>>>
>>>>> Remove NO and SPAM to reply[/color][/color][/color]

You must have a horrendous record.


mike hunt


Philip wrote:[color=blue]
>
> You are joking. Out here, Farmers does not even offer a zero deductable
> option. Even going below $1000 deductable ramps up the premim considerably.
>
> [email]MajorDomo@mailcity.com[/email] wrote:[color=green]
> > Then the discussion of deductible should be moot. I'm amazed
> > that people opt for an extra high $500 deductible on
> > comprehensive when zero deductible is only a few more dollars
> > annually.
> >
> >
> > mike hunt
> >
> >
> >
> > Jeff Strickland wrote:[color=darkred]
> >>
> >> That's my point. The only reason to carry collision in that instance
> >> is because the car is financed.
> >>
> >> <BigJohnson@mailcity.com> wrote in message
> >> news:42724A55.1B3074A7@mailcity.com...
> >>> Who would carry collision coverage on a vehicle worth only 4K or
> >>> even 5K? ;)
> >>>
> >>>
> >>> mike hunt
> >>>
> >>>
> >>>
> >>> Jeff Strickland wrote:
> >>>>
> >>>> The car is going to be totalled at about $4000 in damage. If you
> >>>> have no loan on the car, dump the deductable and if the car
> >>>> sustains more than $1000 in damage, sell it for scrap and buy a
> >>>> new one.
> >>>>
> >>>> You can look up the value at which the car will be totalled, I
> >>>> pulled four grand out of my ass to illustrate the point I was
> >>>> making. I think that $4k is a reasonably close number though. If
> >>>> the car is still worth more than that, then keep the deductable
> >>>> for a few years then drop it. I would carry the deductable at
> >>>> $1000. You will save more than $500 in the first year, so you can
> >>>> easily cover the increased exposure.
> >>>>
> >>>> "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
> >>>> news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...
> >>>>> We own a 1997 Rav4 with about 90,000 miles on it. We're thinking
> >>>>> of upping our collision and comprehensive deductibles from $500
> >>>>> to $1000 to lower our premium.
> >>>>>
> >>>>> Does this Rav still have enough value to keep the lower
> >>>>> deductibles? Would it be worth it to fix if $1000 worth of damage
> >>>>> occurred?
> >>>>>
> >>>>> --
> >>>>> Ray
> >>>>>
> >>>>> Remove NO and SPAM to reply[/color][/color][/color]

<MajorDomo@mailcity.com> wrote in message
news:42738EA6.DE83F19D@mailcity.com...[color=blue]
> You must have a horrendous record.
>
>
> mike hunt
>[/color]
Philip's experience matches mine in the Chicago area. I have a clean
record.

--
Ray O
correct the return address punctuation to reply
[color=blue]
>
> Philip wrote:[color=green]
>>
>> You are joking. Out here, Farmers does not even offer a zero deductable
>> option. Even going below $1000 deductable ramps up the premim
>> considerably.
>>
>> [email]MajorDomo@mailcity.com[/email] wrote:[color=darkred]
>> > Then the discussion of deductible should be moot. I'm amazed
>> > that people opt for an extra high $500 deductible on
>> > comprehensive when zero deductible is only a few more dollars
>> > annually.
>> >
>> >
>> > mike hunt
>> >
>> >
>> >
>> > Jeff Strickland wrote:
>> >>
>> >> That's my point. The only reason to carry collision in that instance
>> >> is because the car is financed.
>> >>
>> >> <BigJohnson@mailcity.com> wrote in message
>> >> news:42724A55.1B3074A7@mailcity.com...
>> >>> Who would carry collision coverage on a vehicle worth only 4K or
>> >>> even 5K? ;)
>> >>>
>> >>>
>> >>> mike hunt
>> >>>
>> >>>
>> >>>
>> >>> Jeff Strickland wrote:
>> >>>>
>> >>>> The car is going to be totalled at about $4000 in damage. If you
>> >>>> have no loan on the car, dump the deductable and if the car
>> >>>> sustains more than $1000 in damage, sell it for scrap and buy a
>> >>>> new one.
>> >>>>
>> >>>> You can look up the value at which the car will be totalled, I
>> >>>> pulled four grand out of my ass to illustrate the point I was
>> >>>> making. I think that $4k is a reasonably close number though. If
>> >>>> the car is still worth more than that, then keep the deductable
>> >>>> for a few years then drop it. I would carry the deductable at
>> >>>> $1000. You will save more than $500 in the first year, so you can
>> >>>> easily cover the increased exposure.
>> >>>>
>> >>>> "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
>> >>>> news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...
>> >>>>> We own a 1997 Rav4 with about 90,000 miles on it. We're thinking
>> >>>>> of upping our collision and comprehensive deductibles from $500
>> >>>>> to $1000 to lower our premium.
>> >>>>>
>> >>>>> Does this Rav still have enough value to keep the lower
>> >>>>> deductibles? Would it be worth it to fix if $1000 worth of damage
>> >>>>> occurred?
>> >>>>>
>> >>>>> --
>> >>>>> Ray
>> >>>>>
>> >>>>> Remove NO and SPAM to reply[/color][/color][/color]

Me thinks you guys are confusing the difference between premiums
with higher deductibles for collision coverage and comprehensive
coverage. Indeed higher deductibles on collision coverage have a
marked effect on the premiums but comprehensive coverage
premiums are no where near as high as the premiums for collision
coverage. Many insurance companies bundle them together but one
can elect to separate them and chose a much lower deductible,
even zero deductible for a relative few dollars a year. My one
grand daughter who is 29 had such a policy. She struck a dear
and because she had $500 deductible bundled on C/C coverage she
had top pay $500. I suggest she change the coverage to
UNBUNDLED. Her company did not offer zero only $50. Her premium
went up less than $100 annually. She also changed he collision
deductible to $2,500, up from $500, and the premium dropped
$1,200 annually on a half million dollar policy.. I would peak
to my agent, if I were you.


mike hunt



Ray O wrote:[color=blue]
>
> <MajorDomo@mailcity.com> wrote in message
> news:42738EA6.DE83F19D@mailcity.com...[color=green]
> > You must have a horrendous record.
> >
> >
> > mike hunt
> >[/color]
> Philip's experience matches mine in the Chicago area. I have a clean
> record.
>
> --
> Ray O
> correct the return address punctuation to reply
>[color=green]
> >
> > Philip wrote:[color=darkred]
> >>
> >> You are joking. Out here, Farmers does not even offer a zero deductable
> >> option. Even going below $1000 deductable ramps up the premim
> >> considerably.
> >>
> >> [email]MajorDomo@mailcity.com[/email] wrote:
> >> > Then the discussion of deductible should be moot. I'm amazed
> >> > that people opt for an extra high $500 deductible on
> >> > comprehensive when zero deductible is only a few more dollars
> >> > annually.
> >> >
> >> >
> >> > mike hunt
> >> >
> >> >
> >> >
> >> > Jeff Strickland wrote:
> >> >>
> >> >> That's my point. The only reason to carry collision in that instance
> >> >> is because the car is financed.
> >> >>
> >> >> <BigJohnson@mailcity.com> wrote in message
> >> >> news:42724A55.1B3074A7@mailcity.com...
> >> >>> Who would carry collision coverage on a vehicle worth only 4K or
> >> >>> even 5K? ;)
> >> >>>
> >> >>>
> >> >>> mike hunt
> >> >>>
> >> >>>
> >> >>>
> >> >>> Jeff Strickland wrote:
> >> >>>>
> >> >>>> The car is going to be totalled at about $4000 in damage. If you
> >> >>>> have no loan on the car, dump the deductable and if the car
> >> >>>> sustains more than $1000 in damage, sell it for scrap and buy a
> >> >>>> new one.
> >> >>>>
> >> >>>> You can look up the value at which the car will be totalled, I
> >> >>>> pulled four grand out of my ass to illustrate the point I was
> >> >>>> making. I think that $4k is a reasonably close number though. If
> >> >>>> the car is still worth more than that, then keep the deductable
> >> >>>> for a few years then drop it. I would carry the deductable at
> >> >>>> $1000. You will save more than $500 in the first year, so you can
> >> >>>> easily cover the increased exposure.
> >> >>>>
> >> >>>> "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
> >> >>>> news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...
> >> >>>>> We own a 1997 Rav4 with about 90,000 miles on it. We're thinking
> >> >>>>> of upping our collision and comprehensive deductibles from $500
> >> >>>>> to $1000 to lower our premium.
> >> >>>>>
> >> >>>>> Does this Rav still have enough value to keep the lower
> >> >>>>> deductibles? Would it be worth it to fix if $1000 worth of damage
> >> >>>>> occurred?
> >> >>>>>
> >> >>>>> --
> >> >>>>> Ray
> >> >>>>>
> >> >>>>> Remove NO and SPAM to reply[/color][/color][/color]

My agent says it's the price we Californians pay for (a) having a high
percentage of prestige cars whose owners claim a new windshield every year
and get door dings repaired, (b) the relatively high number of uninsured,
asset-less drivers and (c) the theft rate.

[email]MajorDomo@mailcity.com[/email] wrote:[color=blue]
> You must have a horrendous record.
>
>
> mike hunt
>
>
> Philip wrote:[color=green]
>>
>> You are joking. Out here, Farmers does not even offer a zero
>> deductable option. Even going below $1000 deductable ramps up the
>> premim considerably.
>>
>> [email]MajorDomo@mailcity.com[/email] wrote:[color=darkred]
>>> Then the discussion of deductible should be moot. I'm amazed
>>> that people opt for an extra high $500 deductible on
>>> comprehensive when zero deductible is only a few more dollars
>>> annually.
>>>
>>>
>>> mike hunt
>>>
>>>
>>>
>>> Jeff Strickland wrote:
>>>>
>>>> That's my point. The only reason to carry collision in that
>>>> instance
>>>> is because the car is financed.
>>>>
>>>> <BigJohnson@mailcity.com> wrote in message
>>>> news:42724A55.1B3074A7@mailcity.com...
>>>>> Who would carry collision coverage on a vehicle worth only 4K or
>>>>> even 5K? ;)
>>>>>
>>>>>
>>>>> mike hunt
>>>>>
>>>>>
>>>>>
>>>>> Jeff Strickland wrote:
>>>>>>
>>>>>> The car is going to be totalled at about $4000 in damage. If you
>>>>>> have no loan on the car, dump the deductable and if the car
>>>>>> sustains more than $1000 in damage, sell it for scrap and buy a
>>>>>> new one.
>>>>>>
>>>>>> You can look up the value at which the car will be totalled, I
>>>>>> pulled four grand out of my ass to illustrate the point I was
>>>>>> making. I think that $4k is a reasonably close number though. If
>>>>>> the car is still worth more than that, then keep the deductable
>>>>>> for a few years then drop it. I would carry the deductable at
>>>>>> $1000. You will save more than $500 in the first year, so you can
>>>>>> easily cover the increased exposure.
>>>>>>
>>>>>> "Ray" <maisanoNO@SPAMmindspring.com> wrote in message
>>>>>> news:AbVbe.461$pe3.164@newsread3.news.atl.earthlink.net...
>>>>>>> We own a 1997 Rav4 with about 90,000 miles on it. We're
>>>>>>> thinking
>>>>>>> of upping our collision and comprehensive deductibles from $500
>>>>>>> to $1000 to lower our premium.
>>>>>>>
>>>>>>> Does this Rav still have enough value to keep the lower
>>>>>>> deductibles? Would it be worth it to fix if $1000 worth of
>>>>>>> damage occurred?
>>>>>>>
>>>>>>> --
>>>>>>> Ray
>>>>>>>
>>>>>>> Remove NO and SPAM to reply[/color][/color][/color]