Auto Insurance
If you drive a car, you need auto insurance. Automobile liability insurance is required in all fifty states of the USA. Although each state sets their own limits on how much insurance is needed, these are only minimum limits and in most cases additional coverage is needed if you don't want to have to pay additional expenses out of pocket in the event of an accident. If you have a lease or loan on your car you are usually required by the lender to have comprehensive and collision coverage in addition to the state required liability coverage. So why not try and get the best price? The Internet has a number of sites that can give you competing auto insurance quotes so you can make the best buying decision.
It is generally accepted among insurance agents that the state minimum policy limits are not enough. Most insurance professionals would agree for the average driver the best liability limits to have are 100/300/100. This means:
- 100,000 per person for bodily injury
- 300,000 per accident for bodily injury
- 100,000 per accident for property damage
Since in most areas medical treatment is in fairly the same range, the last limit, per accident for property damage, is the one you may want to take into account if you are not the average driver. If you live in an area where you feel that if there was an accident, that was your fault, and property damage may exceed 100,000, you may want to consider higher limits.
Collision & Comprehensive Coverage
Collision coverage is when you have a collision with something like another car.
Comprehensive coverage is when it is anything else other than a collision such as fire or theft.
Most people would have both coverage's when using the car on a regular basis.
Sometimes when one is just storing a car they may only keep comprehensive coverage since they are not using
it on the road therefore, it is unlikely to be in a collision.
There are many ways to save on your auto insurance. If you take the time to compare auto insurance companies you may be able to cut your car insurance rates dramatically. Additionally, these techniques can sometimes help you get a discount on your auto insurance rates:
- Some states provide discounts for using an anti-theft device, much to the disdain of locksmiths.
- Sometimes insuring two cars can be the same price as insuring one.
- Choosing a yearly policy can extend your savings.
- Many companies offer a discount for being affiliated with certain organizations.
- You can lower your basic coverage's: comprehensive and collision are probably the first to look at lowering by increasing your deductibles.
- Some companies give considerable discounts for attending defensive driving courses.
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