Choosing More Coverage

Posted on: 16 October 2019

Auto insurance coverage is a must if you want to be roadworthy in most states. In fact, only two states in the US, New Hampshire and Virginia, do not require auto insurance in order to drive. The rest of the states have a certain level of minimum coverage that needs to be met in order to drive. While car insurance is a necessity throughout most of the US, it can get pricey. Rates vary depending on your coverage levels, driving history, and the company you use. If you are looking to save on your auto insurance, there are a few things that you can do.

Shop Around

If you have been with the same car insurance provider for a few years, it may be time to look around. Even if you are relatively happy with your current policy, shopping around may lead to much better rates. Looking at more than one company and getting multiple quotes for coverage can help you find the best deal on your insurance policy. It's recommended that you compare policies from at least 3 different companies before making a decision.

Consider Your Vehicle

Another thing that can help you save is by taking a close look at how much coverage you actually need for your vehicle. In order to feel like their vehicles are sufficiently covered, many choose to go with collision or comprehensive coverage. However, the maximum payout for these types of policies can be limited. Typically the maximum payout if your car is stolen or totaled is the value of your vehicle. If your car is older, you may not need a higher level of coverage. In many cases it's better to go with less coverage and save on your premiums.

Bundling

Bundling your auto insurance policy with your homeowners insurance policy or other insurance policies can help you save a lot. Bundling discounts vary from company to company. However, if you already have more than one policy with an insurance company, you could be missing out on significant savings by not bundling. Bundling can also streamline the payment process and can make keeping up with your insurance policies more convenient. Savings when you bundle can range anywhere from 5 to 25 percent for each policy.

Auto insurance is a must for being able to drive throughout much of the country. However, your premiums can really add up. If you are looking to save, there are a few things that you can do. First, shopping around will help you find the right policy at the right price. If you have an older car, you may want to re-evaluate the level of coverage you have. Bundling your auto insurance policy with other policies can also lead to some significant savings.