When you contact your local auto insurance agent, don't ask them for the cheapest policy they've got. This question will give every insurance agent pause for thought.
Sometimes, the cheapest car insurance policy only gets the minimum coverage available. There's a reason why that's not usually the best way to protect yourself. Why is this?
Instead of just asking for the cheapest coverage, ask your A-Z Express Insurance agent for the best value for you. Your agent can help you determine that answer.
The Limitations Of The Cheapest Coverage
If you ask your insurance agent for the cheapest policy, you'll probably sell yourself short. That's because the cheapest available policy will usually only include the minimum liability coverage required by your state.
Often, this minimum level of coverage will provide protection. It will help you repay other people for the damage you might cause them in an accident. Still, given that the costs of accidents are often very significant, most drivers need more than just the bare minimum coverage. The more coverage you have will help you avoid paying for costly losses out of pocket.
Not only do you need more liability coverage, but also physical damage protection. With coverage like collision and comprehensive insurance, you'll be able to pay for damage to your own vehicle after an accident or other incident. Again, by having this coverage, you'll avoid costly financial losses. Clearly, the benefits of more coverage often outweigh the costs of having too little.
Adding Protection Affordably
Of course, as you add coverage to your policy, this will come with a cost increase. Even so, there are ways you can do so without paying astronomically more for coverage.
- Review the value of your vehicle and your personal assets with your insurance agent. This will help them determine the appropriate limits to apply to your policy. Therefore, you will reduce the risks of getting too much coverage, or too little.
- Let your insurance agent compare the policy options of multiple insurers. If your agent is independent, they can look at multiple companies' offerings. That will help them find not just nearly-identical coverage, but also the one that's the best cost value for you.
- See if your policy options come with savings and discounts. You might get extra savings from claims-free discounts, student discounts and more. The unique thing about discounts is that not everyone qualifies for them.
There's no right or wrong way to save on auto insurance. However, it's critical to ask your agent to be your guide in this process. They'll know the right place to look for your coverage.