Make sure to get UIM (uninsured/ underinsured) if you get hit by someone without insurance or very little insurance you are on your own otherwise.. saying this from experience

I can see Dave on his first date. Lady-How are you Dave-Better than I deserve Lady-Shall we find a seat Dave-What's your household income

I had State Farm. They had become so expensive, and wasn't easy to do auto pay with them.

From the 3 channels on KZfaq that I've seen talk about insurance companies. You've been the one that gives really good information, that I needed to hear, and that helps out us, the consumers. Thanks

Thank you so much for sharing your insurance company on youtube, Dave Ramsey. I found the absolute best rate on full coverage auto insurance through Zander and your insurance agent, Jennifer was super helpful in setting us up today! Thank you, thank you, thank you!

Yet another reason to drive an older car. I drive a 2008 corolla, not worth enough to bother with collision, insurance is $42/month.

Awesome, I had never heard Dave cover this before. Thanks, Dave!

Considering the length of time between accident and court and how most peoples insurance basically tries not to pay for the things you pay them to cover even if a friend was rear ended by another driver who is clearly at fault years later in another state still going to court.... In the same time both sides coulda spent less money and probably had it taken care of within a year and not had to be forced to get the run around by people paid to do a job they try everything not to do.

My insurance agent used to work for American Family and he basically got sick of the BS and started his own company. I couldn't afford to make the switch right away because I was paying monthly and his new plans from 10 or 12 different insurance companies the best deal you get it to pay 1 full year I bought s newer car a 2016 Lincoln MKZ AWD 3.7L V6 American Family who I had been with for decades wanted almost 2 grand I switched and I saved 1200 for car insurance and renters policy to cover property if you're poor like me make sure your home owners or renters policy is replacement cost or they will depreciate the item and give you that much

I have had State Farm since I was 18 and my dad got me my first policy. I am now almost 62. I have never had a problem with State Farm, however I have periodically shopped around to see if someone can beat their premiums. I repeatedly get told that "because you have had the policy for so long, we cannot beat or match that price". That is my experience.

I had to sue Nationwide to get compensated for expenses related to repairing my truck after getting hit by their customer. A nationwide agent not working the claim; "they won't pay their own grandmother."

I have a small insurance agency, every year we have a couple claims that get into the high 100's or even over a million and there is nothing worse than when the insurance company sends a letter saying you are about to max out your policy and walk away . Get an umbrella too even if you don't have a big net worth. If you kill someone or seriously hurt them in a accident and its your fault, these things can get into the millions, and they can and will garnish your pay. An umbrella can be as cheap as $175 a year.

Hi Dave, unfortunately insurance companies punish people who are debt free and have no credit scores. My parents are an example. They always get letters saying "you didn't get the best rates because of your credit score". Liability only insurance with 25/50/25 for them is $800 for 6 months here in WA state. This is insane.

This is good advice. Get the higher limits of liability insurance as it is a good value for what you pay. I have been in the insurance industry thirty years and have seen many hard working people regret not getting enough liability coverage.

Thank you for sharing

My parents in a big city Suburb (Chicago) and myself in small town ND. We have always had State Farm. Not only have they always paid our claims, talking with others our rate are way less expensive than most others places. Loyalty matters. I’ve had them for over 30 years and my parents over 60 years

Great information. Thanks

Met Life is very high. I switched to AAA on my 2015 Kia and saved $50. Just bought a new 21 Ram 1500 Crew Cab and I’m paying $154 a month. I wish I left Met Life in the dust years ago

Shopping around with a few direct companies as well as an independent agent is a good idea, but make sure you know what coverage you're shopping for so you can compare apples to apples.

Dave, my father passed away over 20 years ago. Your like the dad I need advice from right now ❤

I agree with you completely. This is one of the reasons I have chosen to remain an independent insurance agent so I can offer my clients the best insurance coverage for their needs. Got offered a few captive positions in the past and I actually turned them down because I didn't want to limit the insurance I offered.

Dave bringing solid advise 👍🏻💯🔥🤙🏻

I agree, get at least 50k worth of liability! I al recommend a dash cam!

As someone who has years in the PI word, I would recommend that your UM (uninsured or underinsured- to protect yourself) coverage matches your Liability insurance coverage. Here to help if you have any specific questions, cheers.

I had State Farm for 10 years and I switched to Geico and saved 50 bucks a month. I got tired of my insurance going up for no reason and it was because of other people getting into accident's which made my insurance go up. That's BS. I was paying 150 per month now I pay 96 per month with Geico. I saved more than 15% that's for sure ;)

Great Insight, Ramsey. ✌

Well explained, thanks Dave

Metromile is the way to go. I have car insurance through them and currently pay an average of $27/month.

Always have enough liability coverage above your net worth. Reason, if you hurt someone you want them going after your insurance company not you personally. Not saying they won't try.

Wow, I didn’t know about this thank you.

But what happens if and when you get into a collision... wouldn't it be more difficult for you to get that smaller insurer to pay out/handle the issue? Just curious but really want to know. I've personally always had Direct Auto

Ramsey provides good info...

very helpful

I have a question should I have full coverage on a 2012 Kia forte or should I just go with State minimum insurance on a 2012 Kia forte I really appreciate some feedback thank you

My indy insurance agent proactively calls me when he can get me a better rate. I don't even have to tell him to shop around. He calls me!

Dave looks like a garden gnome full of wisdom

This is a topic that could use a lot more clarification and understanding. If you aren't staying on top of your auto insurance carefully, you may be getting ripped off, You can have a high credit score, clean driving record, no points or infractions, and 3,4, 5 decades driving. A number of insurance companies out there are playing games.

Dave!!

Can Umbrella Insurance covers the LawSuit that is issued before the Purchase date of the Umbilical Insurance?

I tried to use Zander insurance but even though they beat the price on auto insurance they said they couldn’t find any company that wanted to give me a quote for home insurance because I live in Oklahoma 😏 So we just raised our coverages and our deductible w our original State Farm company. 8:51

I have USAA & I pay $80/month for a 2021 Mazda

I had a run in with one of state farms insured drivers to where he ran me off the road and ditch.. And ended up needing 2 control arms and 2 struts due to the accident.. And ended up needing to go to a chiropractor.. They paid for the chiropractor, but when I took my car to the nissian dealership statefarm used junkyard parts that ended up needing to be replaced and they would not replace them with new items.. 6 months before the accident I spent $1800 to fix all my suspension I even gave them records that it was all new parts on there.. But nope they where no help.. Had to replace it myself again.. I have Usaa insurance and full coverage for 2 cars is $188

what is the best insurance company?

All of it

You heard it from Dave, State Farm fights for its policy holders.

Do people driving around trying to have more children in co signed vehicles or sports cars with switched plates abd tickets that end up on others driving record cost everyone more every time someone with no insurance gets a ticket?

Imagine rear ending someone and it’s Dave Ramsey.

i agree,.......and stay away for state farm

I've never had a problem with State Farm. When my truck was hit, I just turned in my bills and they paid them.

I have state farm house and car. They are a nightmare. After a hurricane (and I live in the mountains) we had tropical winds of 90 or miles an hour 2 years ago and it made huge trees on the back property fall over on my roof in the back of it and popped all the screws of the metal roof. Took down 9 trees. They send an agent and quote 600.00 for getting trees taken off and replace/repair the roof damage. Well the adjuster came out in his dress shoes and clothes and insisted to climb on the roof which had wet leaves on it even though we advised not. He has the ladder on the front of the house on the roof, jumps up and down on a gable roof and he falls off ladder and all damaging the front end. Now the company gives another quote of 3000.00 because they need to replace a fourth of the roof. Was not happy as it looked like a patchwork quilt in red, they resisted to pay, I went to the mortgage company and they agreed they would send a bank adjuster as there is a "line of view" clause in the policy and the entire roof needed replacement. Took 2 months of this back and forth with them and then when I told them the mortgage company was getting involved and sent it to the vice president they call and the claim is 17000.00 for replacing roof and trees. State Farm is very hard to deal with.

All state, super expensive. Aaa is not bad, they are cheaper or Giego

This young man is so sweet. Young drivers

I love how Dave threw shade at state farm, because it's true 😆

You want to make sure you have good uninsured/underinsured motorists coverage. Just in case you get really bad injuries you won’t have to worry what kind of coverage the at fault party has.

Same here with geico. Son’s car hit from behind and they denied claim. Their Driver ticketed and all.

Any independent insurance recommendation?

Based on WHERE I WORK and how much I earn...NOT A LOT... I buy the absolute cheapest and least car insurance i CAN..... Because I don't have a choise!!!! My income only goes so far. And I'm still paying off debt... Or trying to anyway.

State farm rely bad I have been with them many years recently someone without I suran e hit my car and iam fi di g hard time with claim. It seems that they are trying not to pay. think I need to change to different company.

What you really need to be looking at is the insurance companies loss reserves. Doesn’t matter how great of a rate you get if your company can’t afford to pay claims. If you are saving $100/month on auto insurance by switching companies you should really do a hard look at that companies financials. Also on a side note, any time our insured is deemed “at fault” it is going to be scrutinized a lot harder because that is what you pay a big insurance company for. Nobody wants there insurer to rollover and play dead because ultimately that is going to cost our client more money in premium down the road. Do your research and don’t listen to this. Please.

What is premium car insurance State Farm added on extra money on my payment for premium that I never agreed to

Dave Ramsey is correct on his first part but not on the second part. You want your insurance company to fight to not pay for the other car because that goes against your future premiums and the extra cost to you. No one pays more than State Farm and USAA for your actual car when you insure with them. Independent agents also will sell you companies like Hippo, Lemonade, The General and other substandard companies that will likely be cheaper on the front end but they won’t pay for your car when you damage it in an accident or have a comprehensive claim and they won’t pay for your claim if you do anything outside of the norm like lend your car to your sibling or parent who’s not listed on the policy or have your 16 year old have an accident the day they start driving and you haven’t yet added them as a driver to the policy. All insurance companies are not created equal.

How to find an insurance agent ?

So liability is better than full coverage?

“For 1 thing there’s no expensive football players on their commercials” lol ain’t that the truth

Where can I find an independent agent?

Me to thank you👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼

What is the best company for Umbrella Insurance for 1Million

Yea state farm isn’t the best, i have them and they always send letters telling me to NEVER claim responsibility, in-fact they tell me to just call the cops and let them figure it out.

So what are some independent insurance names?

Mercury never paid me when an old man that was with them side swiped me i kept ot old school n didnt really care bcus i have a 98 honda and he messed up his new VW felt bad for the old dude.

Your price is determined by statistics. If your learn how companies rate you then you can make better choices. Switching every year eventually puts you in the defector pool and most companies will charge you more because your a bad investment. You need enough insurance to prevent losing your assets.

He missed talking about medpay. I’m I and umpd. And deductibles. So at the end of the day, he only advised on 10% of the policy coverages. So not really a good advice. He did cover liability and that was correct.

$500k combined single limit.

just get liability its to depend where u live. when I was trying to move from Indiana to NJ they were charging me 1000 dollar months because i was newbie driving.

Im an insursnce agent and our rule of thumb is to always take into account your net worth and how much you could lose in the event youre sued in an accident. And as dave says liability is not the most expensive part of your policy. Actually the highest cost in your premium is your deductibles.

What deductible should i get my vechicle is paid off

Dave i have State Farm now and dealing with a fight now because of an uninsured motorist im just lost at what to do. We have full coverage but just now finding out we do not have uninsured motorist assuming it was part of full coverage

I have gone through one blog on Auto insurance - insurancehumanity. It has informative articles on various topics related to Auto Insurance. I have found following topics helpful: What is the Mandatory Minimum for Auto Insurance in Your State? How auto insurance premiums are calculated

There is nothing wrong with working with a captive or independent agent. You can't go to Toyota and buy a brand new Ford. you will find that many independent agents have very poor customer service and quote you with horrible companies like first Chicago.

4 years ago it was $200.00, now it's over $400.00 a year.

Good

Been with State Farm since I bought my first car. I’ve shopped around and never found anyone who beats them. Never had a claim, so can’t speak to that.

How do I find an independent insurance agent

State Farm since i was 15, now 64 - They've received a ton of our money over so many years, lol - Zero issues, various claims were always well addressed - bundled policy - After shopping around once in awhile, no one can ever match or beat their pricing for us... \m/

Yup. Saved a good chunk of money by going with an independent agent for home and auto.

How about limited tort vs full tort

Question - why is a quote for a 24 year old male who drives a Corolla less than 5000 miles a year over $1200 for 6 months? I have found ZERO offers lower than $1000, but I see plenty of people talking about these prices for a 12 month policy. Any ideas?

modern vehicles are now over $100 K ( escalade , pickup trucks ) - easy to hit policy limits

My car insurance goes up 20% in 6 months. Gouging is running rampant!

Be your own independent agent. With the internet, it's quite simple.

On 2 occasions I had claims on state farm. I was astonished on how fast I got my money. It was less than 2 weeks both times. They even let me drive to the office to pickup the check instead of waiting for the normal mail delivery. Dave's experience is unfortunate but he shouldn't blanket his opinion on the whole company. Also, one of my claims was with a friend driver and that didn't slow down the process. Yes the big companies can be more expensive but they do provide excellent service, at least in my case. Maybe Dave was at fault and so they gave him a hard time 😅😅

I hate insurence 😡 im 20 and have to pay over 200$ for my 1994 Nissan, I had to put my car under my dad's name so the insurence would go down to 25$ M

Hi Everyone, I am a licensed Insurance agent and if anyone has any questions please feel free to reach out regarding any insurance needs. Great video as always Dave and keep up the great work!

The liability part of the policy is the least expensive which state are you talking about dude?

How do I find an independent auto insurance agent?

Same thing I got hit by a State farm driver and in spite of two witnesses to my benefit State farm wanted to split the cost instead of taking responsibility

None, just hammer down!

I'm staying with my Mother and driving her van. It was my understanding that it's the vehicle that's insured. Well, Allstate calls her up, out of the blue, and asked about me and whether I'm driving her vehicle. My Mother asked for my DL to give to Allstate, which I did ASSuming she was the one that called them. [she mentioned later how it was strange that they were the ones that called her, which clued me in] I made sure the number was from Allstate, by checking her I-phone. It's pretty disturbing to have a big corporation call about something they shouldn't even have known about in the first place. Has ANYONE ever had this happen to them?

*I don't know how much exactly but it's probably less than what they're going to offer you* 💪🌚

Honestly I don’t know what insurance to choose and use that’s cheapest with a car I own