Auto Insurance: The Great, the Okay and the Ugly

December 17, 2017 · Posted in General Articles on Car Insurance 

When it comes to car insurance, you have your choice of hundreds of companies which will provide coverage for your most important possession.

It can be difficult to find a company that offers both excellent coverage and affordable prices. Too often, we have to choose from high rates and superior coverage or low rates and substandard coverage.

In order to obtain optimal coverage, you must know the aspects of car insurance coverage that you cannot do without. Compose a list of situations and areas under which you feel your car should be insured.

Discuss these expectations with a car insurance agent to see if any of their policies offer that type of coverage. Make sure to investigate how the policies cover the other drivers of your car.

The next step in your quest to find good car insurance is to consider your budgetary constraints and find a policy that you can afford.

Car insurance is essential, but you should not be paying exorbitant amounts of money for it. Make sure that the policy fits into your budget and doesn’t leave you wanting for cash. With the price of commodities and energy rising, it is more important than ever not to overextend yourself.

It is not uncommon to pay $70.00 to $100.00 with today’s larger SUV’s for a full tank of gas, and if your gas mileage is poor and your commute is long, this absolutely needs to be factored into your budget.

Also important to consider is the amount you are paying for your car’s lease or loan.

If you have a sizeable loan, this, combined with the cost of fuel, can be quite high even before you factor in car insurance. It can be very costly to maintain a car.

Failing to do the math beforehand and understand the realities of the economy that surrounds you can bring a harsh reality check about the limitations of your wallet.

If despite this warning you are still considering insurance that is out of your price range, make sure that in the event that you do get into a serious accident, the amounts payable are palatable for you.

The deductible you choose for bodily injury is set when you purchase your policy. Make sure it is sufficient to meet your needs while not being too high.

Minimal health insurance may make this policy element hold more importance to you. Property damage values are important in case of a serious accident.

These can fluctuate greatly and are negotiable. You are the customer, and you have the right to ask questions and bargain to get the best possible policy to suit your needs.

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