Saving on auto insurance is on the minds of many Americans – who wouldn’t want to have more money to spend each month? While there are many ways to reduce auto insurance premiums, nothing is more straightforward than simply reducing the number of coverage options in your auto insurance policy. For example: do you really need a car rental insurance coverage if you already have your own vehicle? (Hint: you don’t) These are things you need to think about.
Reducing the number of useless coverage plans in your policy is the easy part; deciding whether a particular coverage is essential or not is the trouble most people face. “Bare minimum auto insurance” is the ideal insurance state for anybody (and the cheapest), but how do you know where to draw the line at?
Minimum Coverage Auto Insurance – Standing On The Right Side Of The Law
Although it’s tempting to simply remove collision coverage from your insurance policy, doing that will guarantee you a ticket or even a court summon; you aren’t minimally insured according to the law! There are 3 components you’ll have to take note of: bodily injury liability for each person injured in an auto accident, the maximum bodily injury liability in an accident and property damage liability. Of course, your insurer will never allow you to be under-insured, but insurers do make mistakes. If you’re really out of cash, these state-dictated limits are your best estimates of bare minimum auto insurance.
Cheap Bare Minimum Auto Insurance – Do I Need Any Other Coverage?
This question is a complicated one; what is deemed as “minimum” has a different definition from person to person. If you already have a long-running health insurance coverage running, you might want to consider dropping the comprehensive coverage that comes with your auto insurance. Are you in an area with high car density? If so, you might want to consider getting car collision coverage.
However, there are other factors to take note of, such as deductibles (the set cost of repairs you must bear yourself). If your collision coverage’s deductible is set at an amount that you can’t even afford to pay, what’s the point of even have that particular coverage, then?
Look Long Term
Minimum coverage insurance isn’t just about reducing the coverage of your policy. Often, there are auxiliary benefits for you, such as free towing service and roadside assistance in the event of a vehicle breakdown. They often come at a price, but if you’re going to be commuting for long hours each day, it’ll be wonderful to have such a handy benefit by your side! Judge for yourself on a case-by-case basis; you may find yourself saving in the long run if you were to pay a higher premium for these services.
Some Insurances Are More Equal Than Others
All in all, it’ll be foolish to just stick to the very first insurer on your list; you aren’t giving the other insurers a chance! Often, the first insurer you go to isn’t giving you the best quotes in the market. Even if you are just looking at cheap minimum coverage auto insurances, different insurers often quote you differing rates.
There’s only one thing to do, then: start using an auto insurance quote generator! At forautoinsurancequotes.com, our quote generator will help you get the cheapest auto insurance quotes. You’ll just need to key in your zip code, and we’ll get started right away on bringing those auto insurance quotes to bear!