Insurance is a load of sh#t!

Not a fan of the whole idea. Bought a truck, its sitting covered for the next 6 months, canceled my insurance. Turns out its against florida law and my license will be suspended!!!!! So I have to pay money and a fine for a truck to sit under a cover???? And this is the reason I left the states 12 years ago.

Just out of curiosity, honestly how much do you guys pay total a month for insurance?? Car, motorcycle, boat, atv, heatlh, life, flood, homeowners, rental, pet, the list keeps going. I swear if you add it up a middle class American pays more in insurance than an average person makes in a lifetime

 

If there is a lien holder on the truck then yes, you have to carry full insurance. If you have title in hand that is a different story.

 

If you're not going to need to use the truck for an extended time, you can turn in the tag and registration and the insurance requirement goes away. I just mentioned that because I know how you travel around. It may save you a few bucks.

 

if you don't have a lien, park it, put fire and theft (comprehensive only). should be enough, unless Florida has some goofy laws. Ski

 

I hear you, always have paid cash for every bike I owned since I bought a brand new gsxr 600 at 17 years old and locked every one up like a bicycle. . The bank does technically own the truck, just sucks to pay a made up fee for nothing.

 

My insurance has an option to remove the vehicle from use which I think still carries comprehensive coverage but is much cheaper.

 

Not to be a dick, but it isn't for nothing if the bank has a lein. You're maintaining protection of their asset, and you agreed to it when you signed the loan docs.

The fine from FL and having your license suspended are different issues.

 

having comprehensive-only insurance on my vehicles that dont get driven much adds around $20 to my annual insurance cost IIRC.

any vehicle that doesnt get driven on the street for the whole year is non-op'd and has no insurance.

 

Have a lein, basically to gain credit to prove to a girl that I wouldn't leave. That lasted 2 weeks

 

Most States, if the vehicle is registered, it must have liability insurance. You will otherwise be fined, and could possibly have to file an SR22...your rates could triple for up to three years if they slam you with one of those.

 

Welcome to adulting.

 

Not to be a dick but if the truck caught on fire or blew away in a hurricane tomorrow I have the cash to pay it off no problem. Just trying to build my American credit and possibly get in debt so I can fit in with the normal folk

 

This ain't the Dungeon so little can be said about insurance.
I'll leave it at this...in the future Republic of Fred, there is no insurance. Accept your own risks.

 

Isn't there better ways to build credit? You're paying insurance you don't need on top of interest too. I agree the bank always requires insurance, if you don't they'll likely force place their own insurance and make you pay that. Btw- the bank has no idea you can pay the truck off, or even would if it did blow up tomorrow, they deal with enough dead beats to not trust you. Hell they even have a whole department that deals with this issue of people that cant seem to stick to their word.

 

37 and still haven't grasped the concept. Chillin on a dirt road, turning off of real life driving

 

So you're mad because you did something stupid for 'tang.....oh well.

 

NY is the same way. You have to turn the plates in if you take it off the road, otherwise they assume you're driving it with no insurance. It's dmv / traffic law, nothing to do with a bank or lien.

 

no, was just in Panama, will, be in Cuba for the next month, Dominican Republic and the St, Maartan. It's always there if you want to pay for it. This girl is special

 

Yeah, we know.

 

hint if you dont renew your FL tag... the State wont care about that status of your insurance! Now your lender could add supplemental coverage at a premium