12 Auto Insurance Coverage Recommendations

The reason you buy an automobile policy is the same as any other; it’s a way of smoothing out the costs of catastrophic accidents or financial distress caused by them. Adding more coverage may only cost few dollars per month. Yet without these protections, even a moderate crash could force you to pay thousands or even tens of thousands of dollars out of pocket. A sufficient arrangement will safeguard your financial health properly; it’s that simple. You can achieve this by getting the best cheap vehicle insurance that may even wipe out above mentioned extra spending.

It is always best to know what you need and want and search to find a way to get them as cheap as possible. Here are 12 recommended car insurance coverage options. There is a high chance most US auto policies will include a few of these depending on how comprehensive they are, who issued it and what the state regulations are.

  1. Increase Liability Limits

Most people do not realize that often state minimums cannot even compensate minor accidents. If you only buy the basic required, you will have to pay out of pocket in case of moderate to severe incidents you cause. For Liabilities, recommended limits are at least 100/300/100. This is maximum $100,000 if you injure one person, $300,000 for multiple persons and $100,000 for other people’s property damages.

  1. Get Comprehensive

As mentioned above, liability only pays for others’ property and not your own. Comprehensive Coverage protects your car against theft, fraud, vandalism, accidental and weather related losses. It is not difficult to see why you would want to include this especially if you have a valuable vehicle.

  1. Add Collision

You caused an accident and luckily your auto liability will pay the claim of others. Yet, the damage to your vehicle is still in the thousands of dollars. Collision Coverage ensures that its repairs are taken care of after a collision even when you are at fault. Comprehensive and Collision are the most popular policy components.

  1. Minus the GAP

Did you purchase a car and finance the payments in the last three years? If you do not have Guaranteed Auto Protection and you lost the vehicle in a crash or theft, you may owe the financing company money after any claim settlement. The newer the vehicle is the higher this gap could be. That is why GAP is one of those handy solutions for people with automobile loan.

  1. Avoid Cheap Drivers

You got hit and paid $30,000 in medical expenses and repairs. However, the policy of the person at fault has a $10,000 limit. How do you recoup the other $20k? Underinsured Motorist can solve this and that is why it is one of the key vehicle insurance coverage recommendations. If this is not automatically added onto the policy you can ask it to be included. Some states require it.

  1. Take Poor Drivers Out of the Equation

As many as 25% of drivers in certain regions DO NOT have insurance. If they hit you, there will be no compensation for you from them. If they do not have it, it’s a good chance they cannot afford to pay anything. Uninsured Motorist is a great solution to this problem. Then, your carrier will step in and meet the costs.

  1. Not-OEM Coverage

Hot-rodding a car with racing parts that are not to the original manufacturer specifications can get very expensive in an accident. Almost all companies do not include these extra modifications. Insuring these parts is highly advised if you want to protect the investment made. It is safer to spend few bucks more every month than feeling sorry after a claim.

  1. Address Mobility Issues

Rental car reimbursement and mobility coverage ensures that if the automobile is down due to an incident you can still get to work. It provides for rental car or expenses for other modes of transportation. This is one of the essential suggestions seen but it may not be one of the most valuable, especially if there are limitations. Companies usually limit the rental pay per day and how long it will be paid. It is best to check its price and then decide what to do.

  1. Ensure Medical Bills are Paid

Medical bills are the most expensive in any auto accident. If you do not have a health plan, or it will not pay for all the bills, Medical Payments can provide the difference.

  1. Increase Personal Injury Protection

In no fault states, PIP policy will deal with your injury, yet a state minimum may not meet all the costs. Ask about increasing this just like you did for liability. At least get a price for much larger limits. Remember, state minimums are usually the basic that is enforced on even the poorest vehicle owner and therefore cannot be over strenuous.

  1. Insure Valuable Extras

Did you install an amazing sound system? Do you carry specialized and expensive equipment for personal or business use? These are not included under a typical policy. They need to be specifically endorsed on the schedule. So, make sure they are known and written down in there.

  1. Get Towed for Free

Towing and labor for getting roadside assistance can often run into the hundreds of dollars. For a couple dollars a month, never worry about this expense again, no matter where you are.

Getting the perfect package means most eventualities are dealt with. As soon as you leave out any of the above recommended automobile insurance coverage, you could be forced to make a large one-time payment that can cause undue hardship. Why not make sure you get protected properly since you have to buy something for any vehicle you own anyway. Think about them and see which ones appeal to you and see if they are affordable.

Get new quotes for these extras right here. Our quick and easy quote comparison platform can help motorists find the best deals in no time. Usually, it doesn’t matter where you live or how difficult the case is. You are bound to find a company who will be happy to do a deal. You just have to make sure that you haven’t left any stone unturned until you find that perfect package.