Insurance: A Guide for the Masses

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How to Choose Auto Insurance for Your Needs

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Are you looking for car insurance? There are a lot of different factors that go into choosing the best car insurance policy. You'll want to make sure it's affordable, covers your needs, and has good customer service. But how do you know what is right for you?

Here are some tips on how to find the auto insurance policy that meets your needs. 

Ask About Car Insurance Discounts Offered

Understanding how to save money on car insurance will go a long way towards helping car owners find the best deals. Talk to your insurer about obtaining discounts when they arise. Many insurers offer the same bundle or package discounts for all types of coverage. So be sure to ask about these.

Also, check out any new deals presently advertised by providers. You may also be eligible for pensioner discounts if you're over 65 and still working.

Ask How Much Each Deductible Will Cost You

The deductible on your policy will depend on many factors. This includes figuring out what your needs are. Do you have a family with kids? How old are they? What kind of driving record do you have? All these factors will determine how much your deductible should be and the cost of your premium.

Also, these three factors may help you to consider what deductible is best for you:

  • The size of your monthly premium
  • The amount of money you have available if something bad happens
  • Your tolerance for financial risk.

A higher deductible means a lower monthly premium. However, it can be expensive if something happens until you have saved up enough money to pay for it yourself. Do some math and estimate risks based on your car's age, your driving record, and more — then decide whether to choose a high or low deductible.

Consider the Kind of Coverage You Need

The coverage you need will depend on your car insurance costs. This is to ensure you are adequately protected. You may consider these three types of insurance coverages:

Liability Only: This type of insurance is for those who have more than enough assets to cover the costs of an accident. However, they may not need an uninsured person's protection. If anyone other than yourself might drive your car, you should add liability to collision and comprehensive coverage.

Uninsured/Underinsured Motorist: This type will cover expenses for an injured driver who does not have sufficient insurance or has non-owners liability limits. 

Collision + Comprehensive (Co+C): This type covers damage from an accident, as well as theft or vandalism while your car is parked. Always purchase this pair together since they cover different things.

To learn more about auto insurance coverage, contact an agent today.