When shopping for auto insurance, there are a number of different factors that go into “building” a complete policy. Because of this, you have a fair amount of control over how much your policy’s premium will be – provided that you have a good understanding of some of the tactics for shopping for auto insurance.
While there are some criteria that are state related requirements, others are completely up to the policy holder. Therefore, it is important to pick and choose the auto insurance policy options that work the best for you and your specific needs.
Don’t Under- or Over-insure
One of the most important aspects of auto insurance is the actual coverage itself. Here, you will want to make sure that you have enough coverage in case you are in an accident and you incur damage to your and / or someone else’s vehicle, as well as if you incur any liability.
Because your state may mandate that you carry a minimum amount of insurance, it may be helpful to make a list of the required amount of coverage. This can usually be found on your state’s Department of Insurance website. Doing this will give you a good starting point. Next, you can then begin to look into any other coverage that you would like to add on to the policy.
For example, you may want to consider adding additional liability coverage in order to protect other assets that you own in the event that you are at fault in an accident and are sued by another individual. You may also want to consider carrying uninsured / underinsured motorist coverage in case you are involved in an accident with someone who has no insurance at all or not enough coverage.
If you happen to travel frequently and often rent vehicles in other cities, you may also want to consider obtaining rental car insurance. This coverage will pay for damages to a vehicle that you have rented if you are in an accident while operating that vehicle. For those who may be driving in unfamiliar areas of the country, this could be a wise option.
On the other hand, while having these coverages is a good idea, you will also want to find that fine line between having enough insurance and not having too much. Therefore, be sure to have a good understanding of how much is too much, as you don’t want to be paying out too much in unnecessary auto insurance premiums.
Choosing the Right Deductible
Another important factor when shopping for auto insurance is choosing the right deductible amount. The deductible is the amount of money that you will be required to pay out of pocket before the auto insurance policy will start to pay. In this case, the higher the amount of your deductible, the lower the amount of premium you will have on your policy – all other things being equal.
Auto insurance deductibles will typically vary from state to state. They will range in amounts of $100, $250, $500, and even $1,000. This means that if you were in an accident and you had $2,000 worth of damage to your vehicle and a policy with a $250 deductible, you would need to pay $250 first, and your auto insurance policy would pay the remaining $1,750 for the repairs. In most cases, you will be required to pay your deductible for each incident that you are involved in, provided that you are at fault – and even sometimes if you are not.
How and Where to Find the Best Rates on Auto Insurance Coverage
When shopping for the best rates on auto insurance, it is always a good idea to shop through a company that has access to more than just one carrier. This way, you can directly compare policies, benefits, and rates side by side in an unbiased manner and determine which will work the best for you and your particular situation and needs. When doing so, we can help.
At Longevity Brokers, we work with many of the top rated auto insurance companies in the Denver area, and we can get you the information that you need quickly, easily, and conveniently – right from your computer – within seconds, without the need to ever meet in person with an insurance agent. When you’re ready to take a look at the policies that could work best for you, just fill out the form on this page.
If you have any questions at all regarding auto insurance plans, or about how to obtain a premium quote on auto insurance coverage, please feel free to contact us directly. We can be reached by calling (720) 209-4598. Our auto insurance experts are here to help with answering any of the questions or concerns that you may have as you make your coverage decision. So, contact us today. We’ll get you on the road to better auto insurance today.
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