It used to be that when you were shopping for car insurance, you were stuck with whatever local provider you could find, and they’d usually charge you through the nose for your premiums.
These days, it’s never been easier to compare provider rates right online to make sure you’re getting the best possible deal. But do you know what you’re signing on for?
Here is a easy guide car insurance quotes.
Your coverage is the primary determining factor when it comes to the bottom line of your insurance rates. The total coverage is the amount your car insurance provider will pay out in case of an accident.
Often, the coverage has limits where your insurance provider will cover only up to a certain amount. There are several basic types of car insurance to choose from
Liability coverage is usually the minimum insurance policy that’s required by law in nearly every state. This type of policy will pay for any damages you cause in an accident, either to other vehicles or to property.
Liability policies will even pay for the medical expenses of other passengers, drivers or pedestrians if they’re injured in the accident as well. However, liability coverage will not pay for damages that you incur to your own vehicle.
Collision coverage is often available to be purchased as an add-on policy in addition to basic liability, and covers damages to your own vehicle in case of an accident, even when you’re the one at fault.
In accidents in which you are not at fault, the other driver’s insurance will usually pay for any repairs or medical expenses. However, if the other driver is operating illegally without insurance, you could find yourself faced with some intimidating bills without the right insurance coverage.
Comprehensive coverage addresses almost everything else that could happen to your car that is not a traffic accident. Examples include damages from natural disasters, serious storms, floods or fires, as well as theft or vandalism.
Some comprehensive coverage policies will even cover the cost of a rental car while you’re waiting for repairs to be completed on your own car. Roadside assistance is also sometimes included with a comprehensive policy.
Choosing Your Coverage
So which type of coverage is best for you? That all depends on what combination of coverage and cost is going to work best for you and your family.
Basic liability coverage will definitely deliver the lowest car insurance quotes, but does it really offer enough protection to keep you comfortable? And comprehensive coverage may give you more expensive car insurance quotes, but you won’t ever have to worry about getting stuck with a huge bill because you opted for too little coverage.
In the end, it’s best to find the right level of cost for your family’s budget, as well as a level of coverage that doesn’t make you uncomfortable on the road. Remember, there are always a lot of ways you can get discounts to bring down your car insurance quotes, even on more expensive policies.