You are required to carry some sort of insurance coverage in nearly every state. So, if you have a vehicle, you will need to purchase a policy. There are a few things you can do to find the right coverage for your needs. An auto insurance checklist can help you make sure you have your bases covered.
Understand Coverage Choices
There are three main components to an auto insurance policy: liability, collision and comprehensive coverage. Make sure you know what each one covers and whether or not you need to have it.
Liability will pay for damages or injuries you cause to others or their property in an accident. Collision will pay for repairs to your vehicle that result from an accident. Comprehensive covers other damage to your auto, such as form hitting an animal, a tree falling on it or a broken windshield.
Pick a Deductible You Are Comfortable With
The deductible is the amount you have to pay before your insurance coverage kicks in. A higher deductible will have a lower cost every month, but it will also mean more money out of your pocket if you have to file a claim. Decide what you are comfortable paying in the event of an accident.
Protect Your Assets
The right auto insurance policy will protect your assets in the event of an accident or injury involving your vehicle. When you are shopping around for coverage, it pays to talk to an experienced and knowledgeable agent who can explain your options.