Car insurance is one of those things you don’t want to be without. You need to elect officials who understand how important car insurance laws are so that your best interests are protected in the event of an accident. Lawmakers can make the difference between owing money out of your pocket because you were in a car accident with someone who was uninsured and being covered under your policy.
You probably own an existing car insurance policy. Most of us do. However, in these economic times it can’t hurt to do a little comparison shopping. This will ensure that you are properly covered according to state laws and that you are getting the most for your money. Simply staying with the same company year after year doesn’t guarantee you are getting the best deal. You may be overpaying or even be under-insured and not be aware of that.
Make sure you completely understand your current policy. Your current insurance agency should send you a complete breakdown of the policy. This happens about every six months. You can use this as a starting point for comparisons with other policy options. You may discover some options that you no longer need, but are still paying for. This can include the rental car insurance option. Many people these days have credit cards that will include this type of coverage. If so, you can drop this option from your current policy.
On the flip side make sure that your policy has adequate coverage for your needs and that you don’t need additional coverage or options. Also make sure you understand how the amount of your deductible plays into your policy. Generally, the lower your policy rate, the higher your deductible amount will be. If you can afford a higher deductible without completely decimating your budget in case of an accident, it might be worth considering changing this deductible amount.