Top Benefits of auto insurance | AutoRob

Top Benefits of auto insurance



Auto Insurance is a critical piece of the new car buying process, and consumers should review their auto insurance rates on an annual basis. 2017carmax provides consumers with auto insurance articles, and online auto insurance quotes to find the best insurance provider for your auto insurance needs.

The minimum amount of liability coverage you must maintain varies from state to state. But, beware since each state sets its own “legal” minimums that may or may not provide you with enough coverage. Beyond these legal minimums, any additional coverage is purchased at the buyers discretion. The key here is to find a balance betwixt adequate coverage and overpaying for insurance in order to have peace of mind for you and your family.

There are several different types of insurance coverage you’ll come across while shopping the rates. Bodily injury and property damage coverage are the most common since they’re mandatory in most states. Many insurers also offer additional coverage with various levels of financial protection. We’ll get to those in a minute, but there are a few things you should know first.

General guidelines published by Consumer Reports suggest a minimum of $100,000 per person for adequate bodily injury liability and $300,000 per accident, plus $100,000 for property damage liability. Your insurer would pay these amounts to someone you’ve been involved in an accident with. Bodily Injury Liability is required in most states and compensates the driver and passengers of another vehicle you’ve been in an accident with. Passengers in your vehicle are also covered. Protecting your assets from lawsuits is the key point behind this coverage. You could get sued even if the accident is not your fault.
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