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RJolly87 wrote:Around here, state minimum liability is $10,000. Most smart people around here run $25,000. I recently upped mine to $50,000, with $25k/$50k bodily injury liability, and uninsured motorist with a $250 deductible. I also added Comprehensive ($100 deductible), Collision ($1,000 deductible), Towing/roadside, and rental coverage ($30/30).

$1,000,000 is unheard of in these parts, and pretty rare on the national level as well.

Oh, and adding full coverage, premiums jumped from $150, to $270 for 6 months. But now I ain't gotta worry about nothing.

LeSabre in Buffalo wrote:

RJolly87 wrote:Around here, state minimum liability is $10,000. Most smart people around here run $25,000. I recently upped mine to $50,000, with $25k/$50k bodily injury liability, and uninsured motorist with a $250 deductible. I also added Comprehensive ($100 deductible), Collision ($1,000 deductible), Towing/roadside, and rental coverage ($30/30).

$1,000,000 is unheard of in these parts, and pretty rare on the national level as well.

Oh, and adding full coverage, premiums jumped from $150, to $270 for 6 months. But now I ain't gotta worry about nothing.

NY minimum is $25k liability. I have more since farm stuff costs a lot of money, and a lot of common cars/SUV's cost more than $25k with a few options.

repinS wrote:ANY car costs that much to insure for any male under 25. In fact, if I had a car under my ownership and policy right at age 18, I would be looking at MINIMUM $5-6k per year to insure it, liability only. It works out to about $3500 at this point (age 23-24), and as soon as I turn 25 it'll drop below $3000. I think my brother pays $2700 for his 04 Lexus IS300, at age 25. Remember my old 1991 Civic? Yeah I wasn't about to pay $5k to insure that one. We did creative things between registering my parents cars and my car between them and my uncle. Has made for some interesting questioning when I cross borders

Private insurance is highway robbery in this province, and especially in Toronto proper. Places like Quebec and British Columbia have government, public-run insurance that isn't out to gouge you, and holy hell, they're cheaper. I have full coverage, no loan. Dropping collision - to be done in the next year or so - maybe takes a hundred or two off, the BIG bulk is mandatory $1,000,000 liability coverage. What are liability levels in the states where you guys are?

Another thing about Toronto... *shoot* is inflated. $100,000 combined family income barely scrapes you into the middle class because any reasonable sized home in a not so great area is still going to start around $300,000. Average price home in this city approaches $450,000. Heck Andrew, your house in little town MN might fetch $500,000 if it were in the right spot of the city here, especially if it's fully renovated.

repinS wrote:I should clarify Ontario's numbers:

$50,000 minimum liability for non-catastrauphic. I believe this was reduced from $100,000 last year.
$1,000,000 for catastrauphic (loss of limbs, paraplegia, etc)

Fine is $5,000 for running without insurance (one could also potentially get arrested), which may not sound like a lot, but if you get caught, premiums could potentially hit 5 figures. You could also break 10k/year premiums with license suspensions, many at-fault accidents, DUI's on your record, etc.