How Much Auto Insurance Coverage Do You Need?

How Much Auto Insurance Coverage Do You Need?

How much auto insurance do I need? How much should I have to pay? Every car owner wants answers for these two questions. You don’t have to spend hours and hours on the telephone or going from agency to agency to get answers. If you compare auto insurance quotes online you can have all of the information you need fast.

Insurance companies look at a variety of information when they provide an insurance quote. Your age, driving record, marital status and even where you live are all factors that affect the quote you receive. If you contact each individual insurance company separately you will have to provide the same information over and over. Using the internet to compare auto insurance quotes saves you time. All you need to do is provide your zip code to begin saving money on your car insurance.

There are a few things you need to consider before you buy insurance. You may, for instance, have heard your friends or family talk about minimum coverage. Minimum coverage means that the insurance you are purchasing meets your state’s minimum liability coverage for bodily injury and property damage. If you are involved in an accident and you are at fault, your liability coverage will pay for the injuries to the other party or parties and for the damage to their property. For example, if you see auto coverage listed as 25/50/25, it means that the policy offers $25,000 of bodily injury coverage for one person, $50,000 of bodily injury coverage for all persons in the accident, and $25,000 of property damage coverage.

You should be aware that if you are at fault in an accident and the other party or parties injury related expenses exceed your minimum coverage, they may pursue legal action to collect from your personal assets.

You may also need collision and comprehensive coverage. Collision coverage will fix your car if you have an accident. Comprehensive coverage pays if your car is stolen, catches fire, is hit by a falling object or in other unususal situations. If you are buying or leasing your car or your drive an expensive car you need collision and comprehensive. Other options such uninsured or underinsured motorists coverage, personal injury payments and towing assistance are available.

The quickest, easiest way to determine what coverage you need and the best price for your coverage is to compare auto insurance quotes online. Just provide your zip code and start saving money today!