.

[intrepid27]

Just my opinion but if you can afford that much insurance ....... you probably don't need that much insurance.

I carry just enough to cover major events and go with high deductibles. If you file a claim your rates will go up even if you switch. Filing a claim less than $3-4k will usually cost you in the long run. Use the savings to increase net worth.

 

[ruxCYtable]

Just my opinion but if you can afford that much insurance ....... you probably don't need that much insurance.

I carry just enough to cover major events and go with high deductibles. If you file a claim your rates will go up even if you switch. Filing a claim less than $3-4k will usually cost you in the long run. Use the savings to increase net worth.

Yep. We have people who carry $0 deductibles and file claims for every little door ding. They're also the same people who constantly complain about their rates.

 

[CycloneErik]

If the policies are actually as cheap as what people here are saying I don't think it'd be the worst thing to do. I just assumed it was gimmicky and the insurance agents used scare tactics and emotions to get you to buy something you don't need.

Very fair point. Since this is the Internet, let me also add "big dummy."

 

[GoCubsGo]

In Iowa, membership can be tied to property-casualty policies, but NOT to life policies. So if you cancel your membership, you will be able to keep your existing life policies, but would need to find new coverage for home and auto.