Two Tips for Buying Auto Insurance

Insurance Blog

Many people assume that they have full coverage auto insurance but do not realize there are gaps in their insurance until they get into an accident. Here is what you need to know about the insurance that you need to have and how much you need to make sure you're protected.

Know The Minimum Coverage

Every state has its own laws regarding the minimum amount of auto coverage that you need to have in order to drive a vehicle.  It's important to be familiar with how much that minimum coverage must be before you start shopping around.  If you are only getting quotes from the minimum amount of coverage, know that you are getting the bare minimum necessary and that it may not be enough to fully cover an accident. 

It gets even more confusing when some states have different requirements for the minimum types of coverage. You may or may not be required to hold uninsured or underinsured motorist coverage, and if your state doesn't require it, you may not be getting quotes where it is factored in unless you ask for it.

Know How Much Insurance You Need

Everyone has their own risk levels for how much insurance they should actually have in order to ensure they are protected. That's because insurance is the maximum amount that an insurance company will cover if you are involved in an accident, and you are held responsible for the rest.

Liability coverage is something that is necessary to cover the medical bills for passengers in another vehicle that you hit. Consider getting a policy that has coverage for $100,000 per person and $300,000 per accident, which should make sure that you are more than covered if you get into a major accident with multiple people in the other car.

Collision coverage is what helps pay for your own vehicle's damage if you are in an accident that you cause. A good rule to follow regarding collision coverage is to buy coverage to cover the cost of your own vehicle. If you are driving a very expensive car, you will need a lot more collision coverage than someone that has a used sedan with only a couple thousand dollars. 

Med-Pay or PIP coverage is an additional deal you can add to your car insurance policy, which gives you cash upfront to cover your health insurance bills after an accident. If you do not have an emergency fund, this coverage can help ensure that you have the money you need to pay for deductibles and hospital bills. 

Contact a local insurance agency near you to get a quote today.

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16 August 2021

Understanding Insurance Rates

About a year ago, I started thinking more seriously about choosing different insurance. I was focusing on all of the different aspects of insurance, and it was really interesting to me to see how much I could save by switching services. It was a lot to process, but before I knew it, I was able to completely overhaul my insurance coverage, and it made a tremendous amount of difference for me. This blog is here to help other people to know what to look for in insurance coverage so that they can enjoy a happier tomorrow. Check out this blog for more information.