The car insurance market is not as straightforward as it may appear. There are a lot of factors to consider when looking for car insurance and some of them can be complicated. In this article, we will discuss the types of car insurance available, what you should look for in an auto policy, and how to find the best car insurance rates!
The type of car insurance you need.
– Liability car insurance, which covers damage to another person’s car or injuries if you’re deemed at fault.
– Comprehensive insurance, which pays for damages like fire and theft as well as car accidents that are not your responsibility (“vs.”).
– Collision automobile insurance, a no brainer if you can afford the higher monthly car payments.
– Uninsured motorist insurance, which covers damages from a car accident caused by an uninsured or under insured motorist, and at least in California is compulsory for all drivers.
How much insurance coverage you should buy?
– In most auto insurance states, the minimum amount of liability car insurance required is $25K per person/$50K for all people injured in an accident.
– The more you pay, the higher your coverage amounts are. Typically, car payments increase to match this added cost but that doesn’t have to be true with every insurer so ask.
– If automobile insurance is compulsory in your state, you are required to have at least the minimum car liability car insurance coverage. When shopping for auto insurance remember that costs can vary from company to company. Some companies may offer a low monthly premium but require high deductibles or only cover damages not caused by an accident themselves (*i.e. car damages caused by car accidents are not covered).
– The level of your insurance coverage is a personal decision and should take into consideration what you can afford, how much risk you’re willing to accept, and the amount of money you expect will be needed if your car is ever totaled.
What is the auto insurance deductible and what does it cover?
– The insurance deductible is the amount of money you must pay before your car insurance company will start paying for damages. For example, if your car has a $500 deductible and it’s damaged in an accident that cost more than $1000 to repair then you would pay $500 out of pocket plus any other car premiums.
– Some insurers offer lower deductibles, but they’re usually accompanied by higher monthly premiums. So, when it comes to a deductible the decision is mostly personal preference and how much money you can afford.
– The auto liability insurance deductible for your policy will cover damages that are not caused by an accident. For example, car damages from a car accident are not covered but car damages caused by vandalism or theft will be covered because they’re outside of your control.
– A higher auto liability insurance deductible lowers the monthly premiums, and vice versa with a lower car casualty car insurance deductible being accompanied by an increase in monthly car payments.
What are some tips for saving money on auto insurance?
– Remember that automobile insurance is a personal decision.
– Take the time to research and compare insurance rates from different companies and see which company offers you the best coverage for your budget, as not every insurer will offer what you’re looking for in terms of price or exclusions (e.g., only cover damages due to accidents).
– Consider insurance quotes that are bundled with other types of automobile insurance coverage. Bundled rates may be cheaper as the company is saving on marketing costs by having to market only one type of insurance instead of many different packages.
If you would to like to discuss your options for auto insurance, please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!