Inusrance upgrades

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Nov 25, 2006 | 01:56 AM

ProjektH3

Thread Starter

Joined: Sep 2006

Posts: 32

Inusrance upgrades

Did anyone have to up there coverages? I had the California required 30,000/60,000 and now I got a letter from GM finance saying in order for me to keep the loan through GMAC I need to up it to 100,000/300,000 worth of coverage. That seams like BS to me. My insurance bill is going to sky rocket. If thats the case im getting rid of the H3

Nov 25, 2006 | 04:04 AM

SedonaBoundH3

Senior Member

Joined: Aug 2006

Posts: 143

From:

RE: Inusrance upgrades

Quote:

ORIGINAL: ProjektH3

Did anyone have to up there coverages? I had the California required 30,000/60,000 and now I got a letter from GM finance saying in order for me to keep the loan through GMAC I need to up it to 100,000/300,000 worth of coverage. That seams like BS to me. My insurance bill is going to sky rocket. If thats the case im getting rid of the H3

30/60 coverage is almost no coverage at all. If you have an accident and are held liable, you might be working for the other guy for a long time. 100/300 coverage is barely marginal.

Nov 25, 2006 | 02:49 PM

jen813

Joined: Apr 2006

Posts: 70

RE: Inusrance upgrades

I am in Ohio and I have 100/300 coverage and I pay $71 a month. I have never had a vehichle that the coverage was less than that on it. In fact my insurance only went up $2.00 a month when I got the H3 compaired to the Kia Sorento I was driving before.

Nov 25, 2006 | 03:02 PM

cnynctry

Member

Joined: Aug 2006

Posts: 76

From: Prescott Valley, AZ

RE: Inusrance upgrades

Did you lease the truck? If so most times it's part of requirements for a lease.

Nov 26, 2006 | 02:08 PM

ProjektH3

Thread Starter

Joined: Sep 2006

Posts: 32

RE: Inusrance upgrades

I spoke with my Insurance Agent. She says that common for higher end vehicles when fianancing through GMAC as opposed to smaller banks. The upgrage only cost about 10 bucks more a month. (And thats adding a little more coverage to my wrangler too. So its all good.

Nov 26, 2006 | 03:18 PM

dilo2001gt

Joined: Sep 2005

Posts: 4,300

From:

RE: Inusrance upgrades

All insurance companies if you lease or have a loan want a certain coverage so they do not lose.
If you own it you can pick any coverage you want but the lower you go you lose.