Choosing More Coverage

Posted on: 26 July 2018

If you're moving to a new state, you'll probably have to purchase new insurance coverage. However, you'll probably find that different states have different insurance rates and levels of coverage at certain price points. This can either work in your favor or require you to dig deeper in your pockets.

Unfortunately, car insurance is one of those things that you just can't live without. However, if you're looking to save as much money as possible while still getting an adequate level of coverage, there are certain steps you can take.

What Are the Minimum Requirements Set by the State?

Your car can be impounded, and you may also be prosecuted if your car is underinsured. Each state has a certain minimum level of coverage for:

• Bodily injury or death to an individual

• Bodily injury or death of several people

• Property damage

Other states may have additional requirements. These minimums are what your auto insurance should be able to cover in case there's an accident for which you're at fault. However, many people would rather pay for a higher level of coverage than the state minimums, and there's a good reason for this. If the medical costs or property damage suffered by the other driver exceeds your limits, they could sue you.

How Much Insurance Will You Need?

After an accident, it's not just the other driver that you'll need to think about. You may suffer injuries, and your car may also suffer extensive damage. Although your injuries may be adequately covered by your health insurance, the damage to your car won't be. It's a good idea to ensure that you're able to have your car repaired in case it suffers serious damage. Although you can handle minor repairs on your own, some repairs may require thousands of dollars.

What Risks Do You Face?

In some states, your main problem might be other motorists. In other states, they have to worry about natural calamities, such as hurricanes and floods. If you live in certain neighborhoods, security might be a major concern. Depending on your driving habits, e.g. if you're a fast driver, you may also face a greater risk of a collision.

Comprehensive insurance coverage might be a better choice if there is a chance your car might be stolen or damaged in events that aren't accidents. If you have extreme driving habits, you may want to consider collision coverage as well.

For more information, reach out to a company in your new state that offers car insurance policy services.