Most people would agree that auto insurance is the easiest insurance coverage to understand and purchase on their own. Unfortunately, this is not always true. Although bodily injury liability insurance covers medical treatment, rehabilitation for injuries, and/or funeral costs incurred by your passengers, the other driver, their passengers, and even pedestrians in most states, the state minimum requirements are much too low to protect the assets of most motorists. State required minimum property coverage limits are also inadequate; the average cost a new vehicle is $25,000 and the average state minimum property damage limit is only $15,000.

As is the case with homeowner’s insurance, most people do not realize they don’t have adequate protection until they need their insurance and realize it’s not enough, and by then it’s already too late. In addition to ensuring that you are adequately protected in the event of a serious car accident, there are also ways to save money and coverages that you carry but may not actually need – based on the state that you live in, your own assets and income, other insurance coverages you carry, and many other factors. Let one of our knowledgable personal insurance agents go over the specifics with you. We’ll help you maximize your protection while minimizing the cost.

Why do you need auto insurance?

It’s really all about protecting yourself financially.

  • If you’re in an accident or your car is stolen, it costs money, often a lot of money, to fix or replace it.
  • If you or any passengers are injured in an accident, medical costs can be extremely expensive.
  • If you or your car is responsible for damage or injury to others, you may be sued for much more than you’re worth.
  • Not only is having insurance a prudent financial decision, many states require you to have at least some coverage.

Questions to ask your agent

Your Independent Agent is an advocate for finding auto insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:

  • How much can you afford to pay if you get in an accident? (To keep premiums low you may want to have a higher deductible and be willing to pay more for repairs.)
  • What is the insurance company’s level of service and ability to pay claims?
  • What discounts are available? (Ask about good driver, multiple policy and student discounts.)
  • What’s the procedure for filing and settling a claim? (Ask who to call and what happens after you file a claim.)