The truth is that there is no one company or policy that is considered the “best auto insurance.” What is true is that for every individual there is a policy that is the best for you. There are three main types of auto insurance policies available to the average driver; liability coverage, comprehensive coverage, collision coverage.
Generally speaking, liability coverage is the least expensive, followed by comprehensive, then collision being the most expensive. However, there are many more factors that go into the cost of a policy. Age of primary driver, the location of the vehicle to be insured, make and model of vehicle, driving record of primary driver, and even the safety ratings of the vehicle all go into considering the cost of your policy.
By law, every car that us driven in the United States must be insured. The mandatory nature of this can make it tempting to purchase the cheapest policy possible, especially if you are not a rich person. Many people have made that assumption and bought the cheapest possible insurance only to find out after an accident or a theft that the policy they bought didn’t cover anything! The best auto insurance is most likely not the cheapest. Liability coverage does not cover any damage to your car that occurs in an accident, regardless of which driver is at fault. It also doesn’t cover and theft or the vehicle, which could leave you one sorry car-less driver.
Comprehensive coverage will cover a stolen vehicle and is usually only a little bit more expensive than liability coverage. When is comes to auto insurance, it is best to not be a cheapskate because you could end up losing much more in the end. Comprehensive pretty much cover anything other than a collision, such as acts of nature ie. rain or fire.
Collision coverage will give you the most complete coverage and because of this, it is usually quite a bit more than comprehensive coverage, on average 50% more. Collision coverage will cover any damage done to your car from a crash of any kind, whether it be a collision with another car or crashing into a tree. This type of policy will also cover everything that is covered under comprehensive. Although the monthly payments might be pricey they can pay off big time in case of a major accident or any other kind of incident.
Keep in mind that there is always a deductible that needs to be paid when you file a claim. Usually, the higher your deductible, the lower the monthly payments are. One might be tempted to opt for a high deductible to keep their monthly payments down, but this tactic is short-sighted and could bite you in the rear or you ever do need to make a claim.
Hopefully, these tips and pointers have helped you decide on the best auto insurance for you!
Source by Scott Thompson
#Auto #Insurance speaking tree
