Insurance coverage

How Much Car Insurance Do Drivers Really Need – New Article

LOS ANGELES, February 1, 2022 /PRNewswire-PRWeb/ — Compare-autoinsurance.org has launched a new blog post that features a guide that can help drivers get the most out of car insurance policy.

For more information and free auto insurance quotes, visit https://compare-autoinsurance.org/how-much-car-insurance-do-you-really-need/

Drivers who have moved to a new state or recently purchased a new vehicle are likely looking for an auto insurance policy. Every driver has different coverage needs, budgets and options. To understand the level of coverage they need, drivers need to analyze their current situation, weigh their options, and then make an informed decision.

Before getting an insurance quote, drivers should complete the following steps:

  • List the coverage they have, want and need. Knowing what is already insured will help the driver in the process of obtaining new insurance. Without going through this step, drivers might be tempted to choose the cheapest offer, possibly wasting a lot of money.
  • Ask about coverage limits. When purchasing liability coverage, drivers may see these listed as 100/300/50. This is one of the most common auto insurance policy structures and is also the limit that most insurers currently recommend for liability coverage. The first two digits represent bodily injury liability coverage and the third represents property damage liability coverage. This means that the insurance policy of a driver involved in an at-fault accident will pay up to $100,000 injuries per person, $300,000 accidental injuries, and $50,000 in material damage by accident.
  • Consider removing coverage from older vehicles. Drivers of newer vehicles should not have more coverage on their older vehicles. Older vehicles are more likely to break down, have fewer safety features, cost more to repair, and are easier to steal. They’re also worth less, and in many cases keeping collision coverage just doesn’t make sense. However, to protect their vehicle against theft, some owners purchase comprehensive coverage.
  • Consider adding family members to the policy. Anyone who lives under the same roof as the insured can be part of the family plan. When covering an entire family under one policy, the policyholder is entitled to several discounts. Also, if there is more than one vehicle in the household, the policyholder can get a discount for insuring multiple cars. In addition, the car insurance policy can be combined with other policies such as home insurance, health insurance, boat insurance, etc.
  • Consider deductible limits. The deductible is the amount that policyholders must pay before the insurance takes effect. When purchasing an insurance policy, drivers need to determine how much they can pay for the deductible. To keep car insurance costs to a minimum, drivers can choose the highest deductible. Premiums decrease as the deductible increases.

For more information, money saving tips and free auto insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health and auto insurance quotes. This website is unique because it does not simply stick to one type of insurance provider, but provides customers with the best deals from many different online insurers. This way, customers have access to offers from multiple carriers in one place: this website. On this site, customers have access to insurance plan quotes from various agencies, such as local or national agencies, brand name insurance companies, etc.

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SOURCE Compare-autoinsurance.org