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jettison the car & insurance?

What if you opt out of car ownership and insurance in favor of a very infrequent car rental... can rental car insurance alone really cover the max costs that a predatory lawyer might target you for? Would you more likely be targeted for a number exceeding your rental car insurance coverage? I am only concerned about an armageddon type liability claim, but umbrella insurance isn't available without regular car insurance.
Also what about renting out the vacated covered parking space... are there any weird liabilities to anticipate or inability to get a deadbeat out? Maybe could solve both problems by asking payment by sole means of a chauffered drive on an errand once a month. Thanks for comments on frugal options
Reply to
dumbstruck
Alternatively, you might look in to renting out your car. I just read about this on CNN/Money:
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It's basically a peer-to-peer car rental service. I'd never heard of such a thing until today.
--Bill
Reply to
Bill Woessner
Thanks, although that is probably similaral to the car insurance any frugal person has, with no coverage for your own scrap metal and only covering scrap metal and medical of the other party. It's quite inexpensive, but maybe an occasional car rental offering optional liability coverage can do the trick for less.
Actually the costs that bug me are new annual registration fees (nondeductable) that exceed the annual cost of insurance. Also the car in question has to at least be idled at length twice a month or special circumstances can trigger a $600 repair... a lot of babysitting or a lot of money.
this on CNN/Money:
thing until today.
Good idea, although I'd rather save the risk and hassle and just be a customer. I earlier heard their stock went down because Hertz or someone was planning to somehow address that market of hourly rentals available at neighborhood localities.
Reply to
dumbstruck
Could you be more specific? The only things I can think of that might fit your description would be a car battery that can't hold a charge for extended time periods, or a fuel system that is very susceptible to fuel deterioration.
The battery problem can be addressed by installing a "battery tender", such as
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The fuel aging problem can be addressed by using a fuel stabilizer, such as
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Reply to
bo peep
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many frugal person or a normal person also think about that how much expense he will need to pay for maintenance after than buy a car, and that is also in their mind, car insurance is a expensive process, you have posted here useful information for this kind of person, thanks for sharing this information.
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stevenricherd
Reply to
stevenricherd
description would be a car battery that can't hold a charge for extended time periods, or a fuel system that is very susceptible to fuel deterioration.
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Great idea for fuel stabilizer! Battery tender would be a problem since many extension cords are needed across public walkways. I have done this in middle of night in emergencies, but if you can't recharge regularly the battery sulfates up and dies. Can't use a solar charger, because sunlight is far too.
Can't get a dead battery out, because it takes some foreign tool not sold to the public. The oddball battery is only sold by one dealer who charges $hundreds because their manual claims they have to reset all kinds of electronics (not true, I have found). Another factor is salt air environment seems to eat up electronics of idle cars.
After many dead batteries and one dead elec system, I think instead of a regular idle I will go back to tempting fate and be ready to replace battery with brute force methods. Bash the old out destructively if needed, then don't sweat an exact replacement. Anything smaller should fit. Then maybe I can carry it to a charger too.
Reply to
dumbstruck
There are other ideas to save on car insurance besides canceling the part for loss or damage to your own car. For one thing check closely for discounts for affiliations - it can be as simple as having an account in a certain bank.
In my area, most accidents are caused by the underinsured or illegally uninsured. Your insurance may be jacked up for their inability to cover medical claims of you and your passengers. In my area this is very costly because they insist on matching the limits of your regular liability. With a lot of paperwork, I could waive this coverage because I figure I won't carry passengers except for medically insured family who won't sue. Big savings, but not for everyone.
Reply to
dumbstruck
You might want to purchase a "power station". I bought one at Costco last year for about $70. Exactly the same model as this one from Amazon for a higher price:
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Its essentially a car battery and charging circuits in a box. It can jump start your car when your battery is low. It also contains an air compressor for your tires. Since it has a 12 volt outlet, it might be able to power a battery tender intermittently, although I haven't tried that.
Reply to
bo peep
I've noticed that a lot of people seem to have little or no ability to find stuff like this on the internet, even if it is actually available out there. If you will post *specific* information about your car and it's battery tool, it is highly likely that something is available.
An old mechanic's trick is to smear a thin coat of vaseline petroleum jelly over the electrical connections. It keeps the air away to prevent corrosion.
Reply to
bo peep
Ahh, I wish I had a car advisor when I needed one. I'll make a last post with requested gory details.
for about $70. Exactly the same model as this one from Amazon for a higher price:
Yeah, when my battery died I bought one and injured my back walking it home. It wouldn't start the car, so I called a service truck... who pulled out a similar device! I guess they worry about jumping their actual vehicle, but of course it didn't work until I suggested we attach mine in parallel - viola.
stuff like this on the internet, >even if it is actually available out there. If you will post *specific* information about your car and it's >battery tool, it is highly likely that something is available.
It seems to need a very long key to unlock base of battery, but I can't see into the gloom what it engages. The dealer refused to show or sell one to me. I spent all my favors pleading with them to replace the battery without the expensive electronics reset. Maybe I can make a flashlight and mirror identify it... I found no clue on the internet. I'd rather not reveal my model, but it was briefly made during a doomed flirtation of a foreign with domestic manufacturer, and the rare parts cost the earth.
over the electrical connections. It keeps the air away to prevent corrosion.
I meant the overall electrical system, which seemed to kill the previous car (which had an easy battery replacement). Salt air even deeply pits nearby aluminum window frames, and I think it's corroding open contacts of cars that don't get exercised. Other unused electrical things seem to suffer as well.
Reply to
dumbstruck
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You may want the best for your car. This is common idea and you must want something that can protect your car. Have a car is not easy and cheap enough because we should concern about the repair and maintenance.
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stevenricherd
Reply to
stevenricherd

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