How to get cheap car insurance rates and low cost car insurance quotes
Uninsured and Under Insured Motorist: You or another member of your family are covered if they are driving a car or struck by a hit-and-run driver or injured by a driver with no or insufficient insurance. If the other driver is at-fault your insurance company will pay you for losses related to the accident.
Recommended Amount of Coverage
Because an accident for which you are found at-fault can have disastrous economic effects many insurers and consumer organizations recommend you carry enough bodily injury coverage to protect all of your assets. Almost every state has a minimum dollar amount a driver must carry. However, because it is impossible to predict the extent of liability connected to any one accident, minimum coverage is not always enough to protect policyholders.
A common amount of liability coverage is $120,000 per person and $300,000 per accident. If your net worth is more than $300,000 then it is often considered a wise investment to purchase more insurance. You may buy an umbrella policy that covers damages and loss once your primary policy coverage has been exhausted. For one million dollars of protection you'll pay between $200 and $300 a year.
Collision and comprehensive insurance cover your vehicle. The amount of coverage you buy is determined by the market value of your vehicle. You can save money on auto insurance by raising your deductible. Choosing a high deductible, say $1,000, over a low deductible, $250, will save you money; however if your vehicle sustains, as an example, $2,000 in damage you'll pay 50% of the repair costs rather than 12.5% with the lower deductible.
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