Tips on Personal Automobile Insurance
- Nearly every state requires an automobile owner to carry auto insurance to protect themselves, and others.
- It’s recommended you check your state’s minimum insurance requirements. Have a broker compare this to what you could really need.
- Try to make sure you’re covered for the total value of your assets, otherwise your assets could be up for grabs if your insurance doesn’t have a high enough limit.
- To keep your premium payments low, purchase collision coverage with a high deductible and take care of your car with your own money.
Coverage to Consider
- Liability Coverage – for when you’re at fault in an accident
- Bodily Injury Liability – for medical expense of people injured in a crash in which you’re at fault
- Property Damage Liability – for damage done to anothers’ vehicle when you’re at fault in an accident
- Personal Injury Protection – for you and your passengers’ medical expense after an accident
- Uninsured/Underinsured Motorist Coverage – for the accidents where you are hit by someone without insurance or with minimal coverage
- Collision – for repairs to your vehicle
- Comprehensive – for incidents unrelated to an accident such as theft