Money Matters
SallyAnneS
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
school me on car insurance
My car insurance renews in july and I want to maybe make some changes to make it cheaper monthly but I don't understand anything about insurance. What do I really need as deductibles? I have had the same insurance company and policy for 13 years. My current car is 9 years old and has a trade in value of about $1,800 which makes me think I could buy the same sort of car for about $3000. I don't know if the value of your car has anything to do with insurance though. Right now I pay $131/mth.
TRC since = Feb/09
Dx: Unexplained Infertility
Lap Surgery: July/10, small amount of endo removed
Injectables and IUI #1=bfn
Injectables and IUI #2=bfp!!!!!!
Baby Boy born May 7, 2011 at 37weeks pregnant.
Re: school me on car insurance
The deductible is what you'd be responsible for paying for a covered event (accident, theft) before the insurance company would pay. Usually a higher deductible = lower rates.
You should look at the type of coverage (liability, comprehensive, collision, under/uninsured) that you have, as well as the limits for each type. If you haven't changed your policy in 13 years, you may be underinsured for liability. If you have the money to replace your car if something happens, you can drop collision and comprehensive.
The best place to start is to talk to your insurance agent/company.
If you have collision coverage, that covers if you're at fault in an accident (if the other driver is at fault, their insurance should cover your car - or your uninsured motorist coverage, if they don't have insurance); and your comprehensive coverage, if you have it, would cover theft. Both of these are the current value of the car (you can get a good idea of this on Kelley Blue Book) or the cost of repairs, whichever is less - minus your deductible. For older cars, collision/comprehensive starts making less and less sense - if your car is only worth a couple thousand dollars, it's probably not worth it to insure it against damage you cause. You wouldn't end up getting much, especially if you have a high deductible, so you're better off just planning to buy a new-to-you car if something happens.
A good way to lower your insurance costs is to raise your deductible - if you have the money to cover it should something happen, $1000 is good. I do recommend limits on the higher end for liability. The last thing you want is to hit someone's $300,000 car and be taken to court for damages beyond your limits. If you have a good driving record, this shouldn't cost an unreasonable amount in premiums.
"You know you're in love when you don't want to fall asleep because reality is finally better than your dreams." - Dr. Seuss