Auto Insurance Discounts

[EllisonCal]

Forget homeowners and car insurance. The one that is killing me is long term care insurance. The premium is close to nine grand a year but I can't chance ending up in some rat hole nursing home one day. The coverage is generous so I just keep biting the bullet.

I know what you mean about the cost of getting old. Years ago I bought a Variable Life Insurance policy and put the premiums into the S&P 500. It has worked well for about 30 years. Now with the market selloff combined with the insurance premiums going up like a rocket, it may be time to increase my annual premium payment. The death benefit is still 3 times what I've invested so far but I can't let it collapse either. Just like you with your LT care policy. I need a strong market or I will probably have to double what I'm currently paying each year.

[BLACK BEAUTY]

Grundy beat NCM by $100...value set at 14K..no deductibles..no mileage $277!!!!!!! I believe that Spence and DavidA have Grundy too

[Frank Dreano]

Grundy beat NCM by $100...value set at 14K..no deductibles..no mileage $277!!!!!!! I believe that Spence and DavidA have Grundy too

That's a good deal... I have more than one car with NCM so I get a "collector" discount and I've had a very large claim with NCM that was handled superbly - in the end that is what matters most to me..

As to LTC insurance, wife and I (both retired Federal gov't pukes) bought it when the Feds first offered it to employees...the architects of the policy didn't realize what a screaming deal it was at the time and a year or two later the premiums went up and the coverage reduced but we are grandfathered in..

We both have 20 year term that expires when we're 70 (two years away for me) after which point we'll be self-insured..

[Frank Dreano]

I have USAA insurance as many other veterans in TBN, but it was Mike Flynn's story about them that sold me on switching from State Farm. In the process of changing I found out their homeowner's fixed deductible made a lot more sense than State Farm's method. With State Farm as your home increases in value, your deductible increases as a percentage of the new insured value. In a named Hurricane my deductible would be $30,000 based on a $300,000 insured value on my structure. With USAA, $10,000. !

State Farm is unethical and greedy; they left Florida policyholders high and dry after the spate of hurricanes hit central Florida a few years back and then set up an offshore company to skirt the state regulations; I wouldn't insure a bird house with those clowns:

https://www.heraldtribune.com/articl.../605227014/SH/

[EllisonCal]

That's a good deal... I have more than one car with NCM so I get a "collector" discount and I've had a very large claim with NCM that was handled superbly - in the end that is what matters most to me..

As to LTC insurance, wife and I (both retired Federal gov't pukes) bought it when the Feds first offered it to employees...the architects of the policy didn't realize what a screaming deal it was at the time and a year or two later the premiums went up and the coverage reduced but we are grandfathered in..

We both have 20 year term that expires when we're 70 (two years away for me) after which point we'll be self-insured..

By self-insured you mean if you need to go to an assisted living place, you will have to pay the monthly cost. The other policy only covered you from the date you retired until age 70?

[BLACK BEAUTY]

I reset my value with Grundy at 15,000. Cost went up to $288! No deductibles, and no mileage requirement!! $500 added for spare parts (like my extra set of wheels)

[11TH GEN]

I reset my value with Grundy at 15,000. Cost went up to $288! No deductibles, and no mileage requirement!! $500 added for spare parts (like my extra set of wheels)

Be sure to let us know when you tweak it again.

[007Cruiser]

By self-insured you mean if you need to go to an assisted living place, you will have to pay the monthly cost. The other policy only covered you from the date you retired until age 70?

He must be talking about 20 year term life insurance. I too signed up for the group LTC coverage when it was first offered to federal employees. While the premium is high (as it always is for LTC) is does cover both of us for $750K in expenses.

[BLACK BEAUTY]

I'm going with NCM primarily because the offer a 'stacked option'. In Central Florida 1 in 3 motorists have no insurance...

[Lakebum]

lots of Latinos

Grab your ears with both hands,when you hear a LOUD POP ....WELL YOU KNOW THE REST I ASSUME!!

[11TH GEN]

I'm going with NCM primarily because the offer a 'stacked option'. In Central Florida 1 in 3 motorists have no insurance...lots of Latinos

5 states with the most uninsured motorists

• Oklahoma: 25.9%
• Florida: 23.8%
• Mississippi: 22.9%
• New Mexico: 21.6%
• Michigan: 21.0%

Don't know if that's the reason or not but frightful to know that one in four cars is uninsured. Another reason to enforce the law to the limit.

[BLACK BEAUTY]

the laws can't deal with people who say buy a months worth of insurance and then no more...

[Frank Dreano]

By self-insured you mean if you need to go to an assisted living place, you will have to pay the monthly cost. The other policy only covered you from the date you retired until age 70?

Self-insured was term LIFE insurance, I have a separate (wife and I) LTC policy through the Federal gov't (inflation adjusted) that makes very nice payouts for up to two years for either of us, between that and Federal pensions we'll be well provided for...

Thanks for the advice in the private message though, I'll look into it...

[11TH GEN]

the laws can't deal with people who say buy a months worth of insurance and then no more...

Uhhh, yeah they can. That can be tracked several ways. Also if they happen to get stopped for any reason and there is no insurance the car could be impounded, DL license, if they have one, suspended etc: True, there are repeat and habitual offenders but there need to be some examples to set a precedence.

[Lakebum]

the laws can't deal with people who say buy a months worth of insurance and then no more...

When I was a kid in Boston they damn sure dealt with it. I went to go somewhere with my running buddy one day and his plates were gone and sure enough his father had let the insurance lapse, company notified the State as required and the Registry pulled the plates..

Been living in South Texas on and off since the 60's and uninsured vehicles are all over "hell and creation", I believe the law calls for what Ric pointed out but after a month of San Antonio PD impounding cars and snatching what few dl's they found the "powers to be" put a halt to it as they wanted to get reelected! High $$ coverage is the way of life for those of us that live here and has been for many moons..