Have you ever really thought about Auto Insurance and why it is so important to have the proper coverage?
Of course, by law, everyone is supposed to carry at least liability insurance on their vehicles. Most people do have this coverage plus more, but there are those that don’t have it at all, which creates a whole new issue whenever they are in an accident.
Let’s talk a little bit about some of the different types of auto insurance.
Liability insurance typically can be the most expensive coverage. The most common coverage limits can mean your insurance carrier is on the hook for hundreds of thousands of dollars for any damage you do. A lot of factors can work into getting a quote for this insurance, such as the ages of the drivers, type of car covered, etc. along with whether or not you have other insurance policies with the company or not, the driver’s safety record, prior history of any accidents and much more.
While collision, which pays to repair your car if you are at fault, can be pricey, other optional coverages such as gap coverage, roadside assistance, rental reimbursement, uninsured/underinsured motorist coverage, and comprehensive coverage can provide a lot of protection for a little price increase. Again, there are other factors as stated above.
Comprehensive coverage will normally be the most expensive of these other optional coverages.
However, it’s usually about only half the price of collision coverage and a third the price of liability coverage. It’s worth the cost of comprehensive to cover your car for things such as theft fire and vandalism.
Uninsured Vehicle Coverage is especially important, considering the benefits it offers and the number of uninsured drivers on the road. Take a look at your coverage options. Paying a little more now may save you a lot in the future.
Some so-called “experts” often tell you to buy as much car insurance as you can afford. That’s probably not helpful unless you know the basics of how auto insurance works — and which coverages you can’t skimp on.
Need Insurance Help?
Let the experts at Citywide sit down with you and explain each of our coverages to you and which one will best suit your financial situation and your automobile needs.
We are local people helping local people.
Give us a call at 1-888-548-447 or reach out online.