I think the problem is that although there are lots of insurance brands there are a limited number of underwriters, this means that there are in reality a few companies who provide the insurance.

I'm always amazed how premiums progressively increase while the vehicles real value depreciates. Even agreed values don't correspond to depreciation with a sanitary claim history. Really, the insurance industry is core to a lot of problems we have today, not only with motor vehicles but virtually everything from property building to public events, everything is being persecuted into oblivion by a greedy unregulated insurance industry. The first thing they insure is the perpetuity of their profits.

I bought a Mk7 diesel Transit van a year ago that I use as a day camper van for days out my dog. I was with RAC but did comparison sites & finally took the Lloyd's quote for £179 Inc extra key cover & legal. There are advantages of being a pensioner, living in Devon & having an old vehicle 😊

It does appear that we may be seeing the end of personal transport being affordable for many people. Higher car prices, insurance costs , fuel costs, RFL, potential road pricing ......... the freedom we have had may be restricted by evermore legislation and higher costs. Perhaps we should all go on strike for higher wages so we can afford to get to work.... or has everyone already done that!

I agree it's going up across the board. My ICE car insurance has gone up 27% from last year. Not 50+% but still up significantly more than inflation.

The hire car scam that insurance companies use to push up the cost in a no fault bump is another reason. I had a no fault crunch and Admiral immediately directed me to a 3rd party that wanted to 'rent' me a hire car, which would be billed to the other drivers insurance. Rate was going to be 380 per day. PER DAY! Luckily I had use of another car for the time so told them where to go, but the other option would have been to accept a hire car from the other drivers insurance as they're looking to keep costs down. Shocking behaviour from insurance companies, which in turn is just putting up prices for everyone.

About a decade ago a car magazine priced a Ford Focus built entirely of spare parts. It came out at around £75K, when at the time a new car retailed at roughly £14K. The problem is price gouging on spare parts. You've covered this yourself on a Tesla, £1,300 for a headlight, £2,000 for a starter battery. Elsewhere I've seen £2,500 for a windscreen. I suspect the insurers are basically calling time on this practice and saying to manufacturers that they will make their cars uninsurable unless parts prices fall.

Here in the USA rates can vary greatly and if you use online comparison sites you really don't get a good quote. I have found the best way to get reasonable insurance is to call several local insurance dealers to shop for you. I ended up getting insurance for my Tesla's that cost only $100 more than I was paying for my Ford Escape.

Manufacturers need to build cars which are cheaper to repair, people are going to be taking notice like they haven’t before.

This years renewals are crazy! Totally agree thats there is no real reason for it (other than cartel profit!)

Tesla needs their own insurance company.

Just renewed my EV6 GT Line S (rwd) with LV. The renewal premium for 4 drivers aged 46 to 72 was £420 compared to £280 last year. This appears to be a good price but a ridiculous annual increase.

I have a Cupra Born and oddly enough.. my renewal was cheaper than last year by £27 and my renewal was the cheapst I found through any comparison site so I'm currently paying £483 a year which in the grand scheme of things.. is really good.

I am with Aviva and just put my order in for model Y. I did a quote on their site and they wanted £1600. However through a comparison site it was £600. And if I change my current vehicle to the Tesla it's again only £600

Your channel has just made me very happy! 're insured my work's VW caddy today with Direct Line. It only went up by 26% happy days.Alan

I renewed my M3LR in May. Mid 50s, 10+ years of NCD, 0 points, no incidents, etc. £825 with LV! Was £600 previously. Renewal (Admiral, who I'd been with for years) wouldn't match the £825. Bonkers prices 😀

I just checked what the insurance would be for a new Model Y here in Germany. The best I could get was €930 (around 807 quid). Still expensive!

Insurance costs are crazy at the moment and isn't helped by huge car park fires. These have to be paid for and I am sure that will be part of the reason. Also lack of parts means they arrive slowly and that adds higher storage costs as well as car hire is for a longer period. So costs up , renewals up to keep profits up.

I was paying about £360 for my XF diesel S (272bhp) in 2022 and the renewal quote in August 23 was over £650! I shopped around and renewed with Hastings Direct at £360 - actually £3 less than the year before, so very happy there. This afternoon I bought a just less than one year old I-Pace (400 bhp) for my wife and I was trembling a bit when looking for insurance quotes. Eventually signed up with another Hastings Insurance brand at £663.34, so I was tbh surprised but happy-ish. Took 2-3 hours of searching to find it though.

Insurance for Teslas in the US was getting outrageous but when Tesla offered insurance that went away, What makes insurance hard to compare here is that you get a discount for having multiple cars and your home insured with the same company. I live in Anaheim Ca and my Model Y comes to $110 per month, fully comprehensive, and $0 deductible with State Farm. The 10-year-old Ford Escape I traded in was $70 a month so I thought that to be reasonable for a car that does 0 to 60 in under 5 seconds.

Crazy insurance this year. My M3 LR has gone from £485 to £889 and that was the renewal rather than a comparison site, best I could get on there was over £1000! I actually was surprised by the renewal as I did have a claim this year that was 100% my fault - I went in to the back of a bus in a queue. I had to find out the cost of the claim for the comparison site - £2270 for in effect replacing the front bumper of my car and sticking a numberplate on the bus (yes that's all the damage there was). In my view it's the ridiculous repair costs that are causing the prices to rocket.

I always thought you guys in the UK had way cheaper insurance than us in Ireland. But it's reversed by a long way. I've just renewed with Aviva for €355. Age 51 with my wife also as a driver. That's almost same as last year. Just a €6 increase. They asked a but more but we haggled down to there. Very happy with that.

Watching this page from New Zealand. About five years ago I had a 4.0l six cylinder Ford Falcon. Comprehensive insurance for a 40ish driver plus any driver over 25 was just under $460. At the time conversion would be about £220. Moving back to the UK soon. Cannot comprehend why they charge so much. Guessing they have shareholders to keep happy and a boss who wants a new BMW

This guy is quite entertaining. I have a 2023 model Y performance which has only 1200 kms in the 6 months I have owned it. I lost my license for 6 months because of excessive speeding 😖

The insurance for my ID3 doubled this year with Direct Line. Was unable to find a cheaper quote anywhere else.

had the same with model 3 few moths ago. Was with admiral for 8 years. Last year paid 600 this year they wanted 1200. Went on to compare websites found some of the companies wanted more for insurance when you chose high voluntary excess. Sheela wheels with 300 pounds voluntary excess cost me 400 pounds for the year

My brother was working in insurance and he said you can do the same damage if you hit a rolls royce with an old car. Fixing the rolls will cost many times more than a decade ago.

Tesla model s - 25 years no claim / no accidents / 55 years old / my insurance went from £700 to almost £1900 - no rhyme no reason, i do live in london, just unbelievable

My Tesla was £850 despite being 51 and doing 7k miles per year. The renewal for my old land rover from last year went up by £250 on comparison websites. It’s all cars. According to news sources it’s the cost of labour on car repairs has gone through the roof And always do your quotes 30 days before renewal or you get fleeced

It will be interesting to see how much profits these insurance companies will declare?

I renewed my insurance in October 23 for a top of the range Merc EQC and it came down £12 to £408. I was getting quotes off the usual compare sights of between £700-800. FNCB.

I do always do 50k a year so when I switched to the Tesla model Y 3months ago it shot up! But found a company called Keith Michael’s and they have a policy which covers my car as a the sole vehicle in my business. So after findings prices of over 2K I got it down to £1266. Knew it would be high with my high annual mileage but so much better than any of the high street or online insurance companies.

The Cloned Reg plates in The UK has gone stupid, I heard the police are finding them all over the country, they need to bring in some better security plates, I mean how hard can it be ?

Also, be careful on comparison sites. If you put in too many quotes and adjust your details too much, you will blacklisted or suspended from some insurance company results for a period of time. This happened to me with Admiral on all the comparison sites!

I bought my truck in 2008 and still drive it. 320HP, V8, loads of rooms for backseat passengers, 4WD, and I have effectively max coverage - hundreds of thousands in liability, uninsured, underinsured, collision, no-fault, roadside assistance, rental coverage, etc. Roughly $500 a year to cover and I probably spend about $1,200 a year in gas. So, I can insure and fuel my large ICE for less than one can insure a Tesla. So putting aside all of the other costs of purchasing (taxes, etc) there is no way I could buy a Tesla and save money.

Driving an electric car is like having diarrhea...you're happy every time you make it home without mishaps 🙂

The truth is because of the greedy insurance people, more and more people will simply not get insurance at all. The cost of not having insurance if caught by the police is in many cases a lot less than the actual insurance.

Just moved from a Jaguar F-Pace with fully comp insurance costing me £294 per year, to a 6-month old Tesla Model Y LR and the insurance went up to £747 per year 🙄 I had to take out a complete new policy with Admiral, as the insurers who I had been with for 8 years, including 4 years with the F-Pace, wouldn't insure the Tesla 😱 Needs to be an investigation into the insurance industry and whether they are penalising EV cars and drivers. Hope you're well Ian.

It’s probably easier to say what isn’t actually going through the roof right now in the UK. Virtually everything has gone ridiculous - for the most part - because they can. Market sectors like energy , insurance, food etc - in some instances have put their prices up for the sake of it. Look at Nestle products - you now got less for a whole lot more. I know energy costs etc have gone up, but there are many business who are operating on pure greed right now and there is little we can do but don’t buy those products. My Audi A6 insurance has gone up £80 this year - full no claims, no claims or accidents. For the first time ever I’ve actually stayed with the same insurer as they were the cheapest! That never happens.

Renewal for my Fiesta up 78% since last year. 20+yrs NCB. Lovely. Will be hitting the comparison sites tomorrow

You should read the Thatcham report into EVs which the government sponsored. EV insurance has gone through the roof and to calm the market a little insurers are raising all insurance so not to put off people buying EVs. EV's are routinely written off after an accident if they are one year old.

Apparently you can take out a seperate policy to cover the excess. I'll be looking into this next year when I get my leg lifted by these grifters.

Got my insurance coming next month, should be fun. I've always opted for no voluntary excess and found that it made not difference to the quote, but will after see at the end of december.

For anyone getting insurance quotes, I've just insured a PHEV and I put down the normal 10k a year mileage, the quote was just under £600 with a telemetry box, as it's only a second car (zero NCB 55yo) , I checked my Mot's for the last few years and realised the mileage was too high, so I did the quote with only 6k miles per year, the quote dropped to £450 and no telemetry box required, same company! My current insurance companies quoted £1,150. & £1,400.

There are many reasons for EV insurance going up, including the cost of repairs, there is more claims data out now for them, if they get involved in an accident then they become a bigger risk, so it doesn't matter if it was non-fault your vehicle now becomes a higher risk because there is no way of telling if there was damage to the batteries. Plus the possibility of causing damage to other cars is increased with an EV.

My worry is if the renewals are astronomical more folks may be tempted to not bother insuring and run the risk. Then you have the added problem for those that do insure their vehicles at crazy prices find that they may have an increased chance of colliding with an uninsured motorist. Then we’re in bigger problems

I'm in the UK and in my 60's. I have a newish soft hybrid. Last two years with LV with little change in price. Renewal almost doubled in price. Like you went to the meercats and got quotes for about 15% more than i paid last year from 5* defaqto insurer. (A lot less than the year before.) LV did not offer to requote and have not confirmed cancelation by email. Left scratching my head but happy to have a reasonable price.

It's very much the same thing here in Australia Ian. I have a 2012 V8 Holden Ute, which had a premium of around £ 220/$ 420 AUD but jumped to £ 515/ $985 pa. I shopped around and initially my old insurer was the most competitive, but 6 months later i checked again when my wife's vehicle was due and found an online deal with one of the top 5 companies for the Ute and got a £ 250 refund! I also noted that the declarations on most online quotes now asks if you've had a claim regardless of who was in the wrong! The answer being pushed world-wide is either use public transport or buy a pushbike.

Entire companies are refusing to insure Electric vehicles.

The optimum date to get a renewal quote is 17 days before expiry, my insurance (Tesla Model S) actually went down this year (marginally) from £599 to £580 (from a renewal quote of £800). But you need to shop around. Only difference was that I added my wife as an extra driver and increased my annual mileage to 18k. MARTIN LEWIS has great advice on his website and podcast and that is what I followed.

I've said this before, but is worth repeating... Instead of paying your renewal, log on to your OWN insurer, and get a NEW QUOTE. Invariably they will give a 'new quote discount' and you will probably pay MUCH LESS than your renewal quote. I have done this many times with different insurers over the years.

My insurance has gone up 58% for my MG ZS EV gen1 and I am 75 and drive less that 4,000 a year but I am now feeling lucky as it’s only £447 for the year...

I’m paying £385pa on my one week old Tesla moving from an ID.3. Like you I couldn’t believe the quotes, one went up from £685 to £1258 as I was completing the form. In desperation I rang my existing insurers, Privilege, and they gave me the quote that I’m now paying. I’m bracing myself for next year though as insurers are without doubt the biggest cowboys in town.

Mark my words, insurance is the tool that will be used to get you out of your internal combustion vehicles, by hugely increasing the insurance costs or refusing to insure it 😮

Well said. My LV insurance doubled £250 to £500, and it was £150 in 2022 - long trouble free and low mileage on an innocent little Dacia.

I dented another cars bumper,bunged them £250 cash,its really the only way round in small collisions to protect yourself from these vultures.

Two factors are the ludicrous cost of replacing a bumper which can include a lot of technology; smart led lamps, distance sensing cameras and safety sensing points, that parts and labour are astronomical compared to only a few years ago and secondly, the incremental number of EV total losses because of the potential hazard of a damaged lithium-ion cell and thermal runaway consequences both contribute to much more expensive payouts by insurance companies and it seems - occasionally - that these costs are needing to be offset by everyone’s premiums. I have been fortunate in having two good brokers who have managed to keep my premium increases to a minimal - and acceptable - level this year.

My insurance went up by 90% for the same car ,managed to get it down to 40% increase by shopping around , i have no points and no accidents on my record

As you’ve mentioned, it’s not just Tesla drivers affected by this. I had a renewal quote for a 7 yr old A7, up from £280 to £930 - a hike of 232%!!! Shopping around got it down to £605, but that’s still a 116% increase! And that’s on 9 yrs no claims.

I am from the Netherlands. For my 20 years experienced Berlingo I pay 46,- monthly for all-risk with the max. 75% discount. I am thinking of buying a model Y, the insurance will be around 120 to 145 a month.

We are suffering because of the lack of car parts increasing time to repair. Teslas where especially bad for this, the impact was to increase the length people where in hire cars. The increased value of cars also has an impact as the opportunity to cause more damage especially to BEVs increases the cost of claims.

It may help others but over 55s I recommend Saga model Y rwd renewal with admiral plus £500, to £1,386, with Saga less than half price of renewal at £602

Reminds me of the good old bad old days in the late 80s trying to get insurance on a GTi. More often than not, as soon as you said the magic letters GTi, or GTE, or Cosworth, the line would usually go dead. No insurance company would touch you. My father got a quote on an Escort Cosworth in the early 90s of £21,000, when the car was actually worth around £18,000. Crazy.

It's because of ev's , costs to repair after small bump are causing costs to rise for everyone

Yeah the premiums have gone absolutely CRaZy for eVeryOne, lol. Just got my renewal quote for my 2L turbo Saab 93 Aero. It was £169 last year, now they want £208, the greedy bastards.

My Tesla model 3 standard is insured by company called By Miles , fix cost of £137 after that it’s 14p a mile . No black box you just use their app which tracks your mileage only . Worth a try 😊

I got my 310ps Cupra insured fully comp for £389 with over 10 years NC and i am an advanced driver as well

This is why people drive around with no insurance. When it goes to Court, the fine will be about £200+

Admiral for us was over £1k less than the next lowest. We only got our car last month but was getting very anxious at the cost of things leading up.

An important factor for insurance company risk engines is the number of days til your insurance is due. How many days in advance are you looking? Iirc the ideal is 22 days beforehand to get a quote...

I live in Idaho and have a 2022 Subaru Outback and a 25 year old car. We pay yearly less than you pay quarterly.

I drive a 30 year old defender 110 Diesel, insurance is around £500 p/a (or there abouts), 11+ years no claims bonus, no points on licence, the problem with insurance now is, back 10-15 years ago most vehicles on the road were old cars costing under £2k, ICE vehicles were easy to repair even after significant damage due to an accident, if the vehicle was written off it's much easier to replace with a similar ICE vehicle, fast forward to the same 15 years, government are pushing EV's down our necks, new vehicle prices have gone through the roof (compared to say 15 years ago) even minor damage to an EV can cause a catastrophic fire engulfing multiple vehicles and properties due to the possibility of self oxidising fuel contained in the batteries as well as the inability to fully extinguish the resulting fire, and even after fully extinguishing the fire there is always the possibility of re-igniting possibly causing even more damage to nearby vehicles or properties. Comparison between 20 year old ICE cars and new EV's vehicle damage, as stated above older vehicles were easier to repair with bolted on bits bought from Motor Factors or Aftermarket suppliers this alone added much competition to the auto parts industry, compare that to EV's of today?, if you need a front wing for a Telsa how many outlets hold these spare parts in stock?, just Tesla, and then theres the EV Bstteries, expensive to produce, replace, hard to recycle, even slight damage to the battery casing can result in the battery self igniting weeks after the incident. And people wonder why Insuring EV's is so expensive. With my vehicle i do repairs, servicing and maintenance my self costs pennies in comparison to modern day vehicles.

It goes against the grain to defend insurance companies but that premium wouldn’t buy a new headlight or rear cluster on a modern car. The parts are both delicate and expensive and often hard to get so the car is off road and there are rental costs.

I’m glad you can laugh about it. I think it’s criminal. I live in Southern California. Don’t have an electric vehicle. We have to pay for the people who do!

You got me worried so I just got some quotes and my premiums only went up by 15 pounds, a little less than inflation so it's not doom and gloom for everyone.

We have a 2019 KIA Sportage. For any driver, and I mean any driver, including breakdown recovery any where in Europe and green card, no excesses to pay, the renewal this autumn was €800, around 700GBP at the current exchange rate. Yes, we are living in Europe and there was an increase since 2022, but not eywateringly so. My daughter uses the car to take school children from her village to the school bus stop and collect them just after lunch. It is an official job paid by the Slovene government. If we were in the UK the insurance would be horrendous for this addition. I am 78 and would rate the cover given as very similar to what I got from SAGA in 2010 but they became quite expensive even for us old dodderers and there were things not covered that are all inclusive here. The difference here is that you go to the insurance agent´s office and they do the whole package, house and medical so you get an additional family discount. Car tax and MOT are considerably cheaper too, both dealt with in the test center in about 15 to 20 minutes of "While you wait" service.

Hi, just updated my insurance for a diesel car. Price with the old company went from 356 quid to 540 quid compulsory 100 quid and 200 excess. Ended up with 440 quid with 150 quid excess total. Edit I am 70 no accidents for 10yrs. Protected no claims for ever.

The problem is that to replace batteries which no one wants to deal with as they tend to be unstable and f-ing dangerous. Plus they cost as much as another vehicle to replace. It is cheaper to just write them off, which in itself is a huge cost. Insurers are going to pass the cost on in higher premiums. If you don't want to pay it, don't buy an EV. A hybrid still has a battery pack.

My 2016 Jaguar XE 20i Prestige was abut £430 last year, now £790 this time with Swinton. I have been driving 60 years, two claims in that time, last at least 20 years ago. Low milage now as retired, maybe 7000 miles per year. Everybody else quoted over £1000. Car is low milage and value about £14000 at the moment.

Mine went down. Diesel For the record I would like a Citroen Ame Things to plan for, when, not if, they tax by weight and ban the use of the screen whilst driving. Plus, black boxes for everyone. No harsh acceleration and speed limits linked to the sat nav so you can't speed. Werrrrre dooooomed

I was considering buying Tesla recently but after receiving quote of over 1800£ nad to give up my dream and that is with me being over 40 with 14 years of no claims discount and no points on license. Just crazy and no resemblance with reality

Malaysia, 7+ years old hilux, insured value £14500 and my insurance costed the same as few years before at £171, comprehensive + 55% NCD + personal accident coverage. The other cars that I have, the insurance costed around the same as the past few years too.

😮😮😮😮I’m insured by Aviva and I got hit last year and right now the person who hit my side is trying to go 50/50 responsibility which I am refusing😢

I'm in Brisbane, Australia. My car and house insurance (renewals) have also gone up by 50-60% this year. But I have found 'discount' insurance quotes for much less, and still wondering if I should change.

I have just gone from a Jaguar Sport Brake 3 litre diesel to a low mileage second-hand model 3 2020. My insurance has gone from £350 to £1020 with double the excess. As you said prices have gone up ridiculously but there is also a prejudice against electric cars I am sure!! So much for saving the planet! 🤬

Yep! Due to owner negligence knowing full well there was a recall for that fault in those models.

For comparison, I have a 2015 Toyota Highlander that I pay $980/year for insurance in a "big" city in the U.S.A. rural wild west. We do get a low mileage discount for less than 7500 miles per year but in the States our rates are definitely a function of the size and risk factor of our city and the Zip code of our residence, and whether we have teenage drivers in our household, which we do not. This year my rates went up about 9.6%. Definitely not as bad as your increase, but overall, we are paying a quite similar auto insurance rate.

Hi there, I'm a retired lorry driver living in Aberdeenshire, i have an 18 plate Ford Kuga and a 17 plate Motorhome. The quotes i was getting were a bit hefty so i stayed with the existing insurers, after a haggle my car went up £30 to £307 and the Motorhome came down £20 to £371 so it seems i got lucky. PS they were different insurers.

I'm only paying $432 a year to insure my 2007 Mercury Grand Marquis. My house is also insured by the same company. I'm 64 with a perfect record. I also ride a motorcycle, and it costs just over $500 a year to insure my 2006 Harley, with a different company. I'm in Phoenix, Arizona U.S. I only drive older cars, you couldn't give me a new car, of any kind, if I had to drive it. I wouldn't even get close to it. It would be spying on me.

I'm 58, I drive a 2014 Vx Insignia 2.0 Diesel. I don't pay road fund tax as its exempt. I renewed in September with Adrian Flux (I used to drive a modified Vectra 2.0Turbo), and my premium for 23-24 is just under £300 fully comp, with voluntary excess of £200. I also receive the usual breakdown cover and windscreen stuff. I've not made a claim in over 20yrs.

this one help help you but it makes a good KZfaq update - One trick to test your existing quoted insurance renewal price is to enter your details to a comparison site with your birthday out by 1 day. Your existing insurer will then quote with the rest and you can see what your current insurer us quoting to NEW customers exactly like you

My car insurance has gone up 150% since last year. 35 year old driving a regular hatchback Seat Ibiza

You apparently don't understand the insurance actuarial tables, EV's are more likely to experience greater probability of being totaled when involved in an accident. In order for insurance companies need to cover the potential claims, everyone must share the burden regardless of what moves your vehicle. Thanks a lot for increasing everyone's premiums!

Should get a diesel Discovery....under £500 for 2023 renewal.... With NFU Mutual for the past 25 years with full no claims and loyalty discount. Some companies look after their customers.

Out of curiosity I decided to run my details through various websites to get an insurance quote for a mid-spec £15k Nissan LEAF. The premium for my recently insured ICE car, which is equivalent to a LEAF in other respects, is £360 including home assist, breakdown cover and protected no claims. The cheapest deal I could find for a LEAF was £657 not including breakdown cover but many quotes were much higher than that, I then ran my details against a more expensive (£22K) ICE car and the premium was £200 less than for the LEAF. It is obvious why this is the case : higher costs for spares and their lack of availability, the risk that a fairly minor collision might result in a car being written off because the battery is, or may be, dangerously damaged, a shortage of trained technicians and finally the huge potential costs if a battery catches fire and the fire spreads to other vehicles or even buildings. Add to this that governments will need to shift more taxes on to EVs to off set the loss of revenue from ICE vehicles and the cost of EV ownership is going to rise significantly.

I have a big heavy diesel SUV, my insurance went up 51% this year. Same insurance provider and no changes to cover. Not great but I still only pay £279 a year.

Hi I bought a 2021 Kia E-Niro 4+ in October and fully comprehensive cover was £500. My only claim was for a windscreen 2 years ago. Mine of course does not fly down the road like your Tesla.

2007 Jeep Grand cherokee.3.0crd,diesel. I am 56 years of age. Scottish Highlands. Went up by about £1, renewed 2 weeks ago, to £227 fully comp.£350 excess.

Minor dents on the battery compartment, insurance company would rather write off the car, that would surely push the cost of insurance. Sooner home insurance will include additional cost if you homecharging your EV and park it near your home!

Two things: 1) If you don't drive that much get your insurance pro-rated under a limited annual mileage driven cap (really lessens the cost); 2) One mistake many people make is just going for the cheapest insurance and if they have an accident that results in going to court that exceeds what their insurance covers a lot of times the insurance company will just settle for their coverage and leave you holding the bag to cover the remaining cost. A way to mitigate that is to have an umbrella policy that doesn't add to much cost but covers your ass for liability. Sure it adds to the cost but if you cause an accident or get sued you will guaranteed the insurance would be less likely to settle and use better lawyers (if it comes to court) because a lot more money on their side is at risk.