29 YO Male – I’m shopping auto insurance in PA and wanted opinions on whether I’m over insured or if this is a reasonable setup. I currently have full tort, 100k/300k/250k liability, uninsured 100k/300k stacked and underinsured motorist coverage at 100k/300k (unstacked), full coverage on a 2025 Camry Hybrid with $1,000 deductibles for both comp and collision, rental reimbursement at $60/day, roadside assistance, and loan/lease payoff coverage. Monthly premium would be about $562/month if paid in full for 2 vehicles in the Philadelphia area. Does this sound excessive, reasonable, or would you change anything?
I do not own anything significant and rent at the moment – no retirement plans, yet. Just my car. Bring home around $4500 a month, $18k in savings. No kids. Single.
Posted by Dairy_Dude
6 Comments
Auto loans or paid in full? 2 cars for a single person?
You mentioned paid in full on 2 vehicles? Would you need the rental coverage of $60/day if you have a 2nd vehicle? Could be a way to save money.
Coverage limits seem reasonable.
$562/month for insurance?! Yikes. Sounds like horrible driving record.
I Just paid $600 total for 6 months for 2 vehicles with 500k combined.
The coverage itself is solid – full tort, 100/300 liability, stacked UM – that’s the right foundation in PA, especially in Philly where uninsured drivers are common and litigation is expensive. No complaints on the structure.
Where I’d push back is on a few line items given your actual asset picture:
Loan/lease payoff coverage – probably drop it. This is essentially GAP insurance. If you own the Camry outright or your loan balance is close to the car’s value, you’re paying for protection you don’t need. Check your payoff amount vs. the car’s current market value. If equity is positive, cut it.
Rental reimbursement at $60/day – check your actual need. $60/day is on the higher end. If you have a second vehicle or other transportation options, drop it or reduce it. If the Camry is your only way to work, keep it.
Roadside assistance – check for overlap. If you have AAA, a credit card with roadside benefits, or manufacturer coverage on a 2025 vehicle, you’re likely paying for this twice.
$562/month for two vehicles in Philly is not outrageous for that coverage level in that market, but those three line items above are worth a call to your agent. You could realistically trim $30-60/month without touching the coverage that actually protects you.
With no significant assets yet, the liability limits you have are actually appropriate – you want to protect future earnings, not just current ones.
$4500/mo is about $54k per year. Realistically, the odds of an attorney pursuing a BI case against a 29 year old with no property and $54k income is low. They’d retire before they recovered their billables. You’re in the camp I’d consider fairly safe with lower liability limits.
The liability limits are solid and full tort is the right call in PA, but loan/lease payoff coverage is worth dropping if you have gap insurance through the dealer already since you’d be paying for the same protection twice 🙂