Choosing More Coverage

Posted on: 4 July 2018

These days, it only takes a few minutes of your time to receive an online quote from most auto insurance carriers. When comparing quotes, however, it's important to look beyond the total premium amount or monthly payment provided. In order to make sure you're truly getting the best coverage for your money, there are a few other things you should be looking for when scrutinizing an auto insurance quote.

1. The Deductible Amount

Start by finding out exactly what type of deductible is included with your quote, as this is a factor that can have a huge impact on your monthly payment. The higher your deductible (the amount you'll pay-out-of-pocket before coverage kicks in), the lower your monthly payment and total premium will be -- and vice versa. If you see a low rate that looks too good to be true, there's a good chance you have a high deductible hiding in your quote somewhere. Make sure the deductible you end up with is one you're comfortable with paying.

2. Specific Coverage Amounts

In addition to your deductible, be sure to carefully scrutinize the specific coverage types and amounts included in your quote. For example, if your quote seems very low, it's possible that you're only being quoted for state minimum coverage. If your car is currently being financed or leased, then state minimum coverage isn't going to cut it because you'll also need comprehensive and collision insurance. Make sure the coverage you're being quoted lines up with your specific needs and vehicle.

3. Rental Car Reimbursement

Another type of coverage that you'll probably want to make sure is included with your quote is rental care reimbursement, which means your auto insurance company will pay for (or reimburse you for) the cost of renting a car any time your personal vehicle is in the shop. This coverage shouldn't add a lot of cost to your quote but is nice to have.

4. Included Discounts

Finally, check for any discounts that may have been applied to your quote and make sure you're taking advantage of all that is available to you. Likewise, if you see a "new member" or similar discount applied to your quote, understand that those discounts are typically only good for the first year (or less) of your policy -- and your cost could increase after that.

With these considerations in mind, you'll be on your way to selecting the right auto insurance policy in no time. For more information, check out a website like https://www.coastcompins.com.