One of the biggest rules of the road is to never travel uninsured. However, in today's world with the ability of purchasing auto insurance online, is it possible that you have TOO much insurance? We have a few pointers for saving on your current auto insurance.
Items to Consider When It Comes to Buying Auto Insurance
Every state except New Hampshire requires drivers to have Liability coverage. However the amount per state varies. So you may be paying a lot more in this area than needed. But keep in mind that if you cause an accident and you exceed your coverage, lawyers can target any assets you have (e.g.: home, salary, etc.).
- Personal Injury Protection (PIP):
Another area in your insurance policy that you may be losing money on is your PIP. This is often because of redundancies caused by health, life, and even disability policies. Also if you a member of the American Automobile Association (AAA) or similar groups, you may also be paying for the same coverages and benefits more than once.
- Collision and Comprehensive Coverage:
If you drive a newer vehicle, these are great coverages to help repair any mishaps that may happen while your car is still in high value. However, for older vehicles, you'll only receive what the current value is on your vehicle. In which case, you may be paying for more coverage than your vehicle is valued for.
The best person to contact and ask about your current coverage is your personal insurance company or agent. They can go over your policy and help you adjust it to fit your needs and budget. Keep in mind that it's better to be over-insured than under-insured or uninsured altogether.
As We See It
Driving around without the proper insurance coverage can cause as much trouble as bad credit. That's why here at Auto Credit Express, we partner up with some of the best auto dealers in the US and Canada. They'll be able to happily help you find a vehicle for your needs and finance you without all the extra hassle. Don't wait any longer, apply today!