From Fur Babies to Fire Hydrants: Your Home Insurance Premiums

When I got my kids a dog, I had no idea that it could affect my homeowners insurance. I happened to run into my insurance agent in the store when I was buying dog food and he asked me what kind of dog we had. When I told him, he said I should stop in the office the next day. I had no idea that things like this could affect premiums, so I started asking what else could do it as well. I created this site to help others understand some of the finer points of homeowners insurance and what they should think about to manage their rates.

3 Factors To Consider When Choosing An Auto Insurance Policy

Insurance Blog

Purchasing an auto insurance policy is an essential and legal requirement to drive any vehicle. Failure to have the right insurance coverage can be devastating in the event of a serious accident on the road. You need the ideal liability amounts to ensure that you are protected and compensated for damages, medical bills, or lost wages. To choose the best auto insurance plan, it's important to keep the following three factors at the top of your mind as you make your decision.

1) Type of coverage options

When you are picking the right auto insurance policy, one of the most crucial factors to think about is the coverage options that are best for you. Bodily injury liability helps to cover medical bills if someone is injured in an accident. Physical damage liability, on the other hand, pays for repairs to vehicles or other property. You should also determine if you wish to include additional coverage for a more comprehensive approach, such as uninsured motorist coverage to protect you if the other driver has little or no insurance. No-fault coverage is another choice that will make certain your own medical costs are taken care of, regardless of who is to blame for the accident. The minimum requirements for all options vary by state, so be sure to confirm with your auto insurance company about the coverage that is needed in your particular area.

2) Availability of discounts

The opportunity to save money on the costs of your monthly premium is another valuable element to consider. Some auto insurance companies offer discounts for various reasons. For instance, if you are willing to track your driving habits through an app or in-vehicle device, you may receive a significant discount for being a safe driver. You can also find out if the auto insurance company allows for cheaper bills each month if you own your home or if you pay your entire policy price in full at the start of your coverage. Make sure to check if there is an option to bundle your other policies (mobile home, motorcycle, and boat) together with your auto insurance to reduce some expenses as well. Ask the insurer what discounts are available for your specific needs.

3) Roadside and emergency assistance 

It's impossible to know when you might encounter a problem with your vehicle. Luckily, your auto insurance plan can also come in handy for situations beyond an accident. Perhaps your car breaks down in the middle of nowhere. Roadside assistance coverage with your auto insurance will ensure that a tow truck quickly arrives to help. You can use this coverage to handle a variety of emergencies, including locking your keys in your car, needing a jumpstart for your battery, or simply changing a tire. As you look at auto insurance policies, find out if the company provides roadside assistance for urgent predicaments. 

These factors will give you a good idea of what to look for when choosing the ideal policy. Keeping them in mind can guarantee that you have the best level of coverage every time you drive your vehicle.


4 March 2021