Author Topic: full tort versus limtied tort auto insurance  (Read 1074 times)

BTTG

  • 5 O'Clock Shadow
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full tort versus limtied tort auto insurance
« on: November 19, 2014, 01:04:26 PM »
New to the forums and just sprouting my whiskers. Actually have been semi-unknowingly sprouting whiskers for a while based on my lifelong frugal nature.

I am reviewing my insurance policies and trying to align them more in line with the MMM ways. I am switching to the high deductible health insurance option at work come January 2015 (will save me $350/ month for my family!) and am moving on to my other policies...

I live in PA, which requires you to decide on either limited or full tort coverage on auto policies. Limited tort can reduce premiums by about 1/3rd. Basically from the sounds of what I have read (which if you search comes from very biased sources who stand to make $$ off FULL tort policies) FULL tort is the only way to go... However, as one who hates to give up his $$'s to insurers it would seem that limited tort is not as terrifying prospect as it is discussed to be... You retain the ability to pursue legal action if injuries are "significant."

anyone know of any unbiased discussion of limited tort advantages?... from a MMM standpoint it would seem that limited tort is a way to look based on the low probability of things happening.