Why Get Car Insurance?
Protect one of your biggest investments, yourself, and your loved ones by getting car insurance. When car accidents happen, or other vehicle-related incidents involving your car, a car insurance policy will relieve you from financial hardship. Car insurance generally comes in two forms, liability coverage, and property damage. Liability coverage pays the medical expenses and damages for people injured by your vehicle. Property damage covers the payment for repair or replacement of cars and other property that was hit by your car. In case you are in an accident where the at-fault party has no insurance, uninsured motorist (UM) coverage can help. This coverage will pay for your medical bills and other expenses
How to Save on Car Insurance Policies
The national premium for a full-coverage policy averages $1,311 a year. When you look at your car insurance premium, you may feel that it is too expensive and decide not to get insurance. Fortunately, there are ways to lower your expenses. Here are some tips you should consider:
- Raise your deductibles. Raising deductibles can lower insurance premiums. If it has been a long time since you’ve been in an accident or you haven’t experienced one, you are possibly paying too much if you have low deductibles. Make sure that when you raise your deductibles, you have cash on hand or a well-funded emergency fund.
- Drop full coverage. Save money by dropping comprehensive and collision coverage. This option is best if your car is already old, like 10-years-old or more.
- Bundle your insurance policies and save with a multi-policy discount. Save money while getting protection for your auto and home. Home and auto insurance bundle policies are the most common form, but you can still add on policies as you need them. By protecting all of your properties and assets with one company, big savings and convenience await you.
- Shop around. It pays to shop around for car insurance. You get to compare car insurance rates and choose the policy that suits your needs and budget. This may take more time but one thing’s for sure, all your efforts will be worth it.
As a Kentucky Accident Attorney, I’ve always reminded motorists to protect themselves and their families by getting car insurance. These savings tips are mere guidelines and there are still many factors to consider when looking for insurance policies and how to save. Let’s educate ourselves and get protected on the road.