Inusrance upgrades

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11-25-2006, 01:56 AM

ProjektH3

Thread Starter

Join Date: 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

11-25-2006, 04:04 AM

SedonaBoundH3

Senior Member

Join Date: Aug 2006

Location:

Posts: 143

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.

11-25-2006, 02:49 PM

jen813

Join Date: 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.

11-25-2006, 03:02 PM

cnynctry

Member

Join Date: Aug 2006

Location: Prescott Valley, AZ

Posts: 76

RE: Inusrance upgrades

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

11-26-2006, 02:08 PM

ProjektH3

Thread Starter

Join Date: 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.

11-26-2006, 03:18 PM

dilo2001gt

Join Date: Sep 2005

Location:

Posts: 4,300

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.