While many people think of car insurance as merely a legal obligation, quality car insurance is an investment that can truly pay off when you need it most. That said, there are many considerations that should go into choosing your auto insurance beyond price.
An auto insurance policy’s coverage agreement, exclusions and conditions affect the rate, but also the amount of help you get in the event of an accident. While you shouldn’t select the cheapest car insurance plan, you do deserve a good deal.
Here are five ways to get great auto coverage without paying an arm and a leg.
1. Get Bodily Liability Covered
Bodily injury liability insurance includes liability coverage for any injury incurred by someone else. That means your auto insurance company foots the bill when you’re responsible for another person’s injuries incurred in an accident. Not all auto insurance plans include bodily insurance liability, but it’s always smart to go with a plan that covers more than the minimum requirements of your province or territory.
2. Get Property Damage Covered, Too
If you damage someone’s property with your car, you’ll need to cover the damage if your auto insurance plan doesn’t cover it. For example, if you got into an accident in a residential area and hit someone’s mailbox, you’d be happy to have property damage liability coverage. However, it also includes any damage you cause to someone’s car in the event of a collision where you’re at fault.
3. Protect Yourself Against Uninsured Drivers
It’s easy to forget that in the event of a collision, there’s always a chance it’s with a driver who isn’t insured and therefore can’t cover the damages they cause. The only way you can get coverage in that scenario is to have auto insurance that protects you if an uninsured driver causes the accident.
4. Compare Your Options
You can’t afford to settle for the cheapest car insurance plan with the least coverage, because it just isn’t worth it. Nonetheless, your car insurance should be affordable. With so many options out there, it can quickly get difficult to keep track of every company’s rates, plans and their coverage terms.
Knowing this, use an online comparison tool to compare the most up-to-date prices and coverage options available. With all the data in one place, you can conveniently do your research and then score the best rate when the time is right. You can also filter searches based on your specific needs and compare all the full coverage car insurance plans from different companies side by side.
5. Consider Comprehensive Coverage
Speaking of full coverage, the best auto insurance you can go for is the type that covers everything from natural disaster damages to hitting an animal with your car. While comprehensive coverage is more expensive, you can qualify for lower rates with a higher credit score.
Do Your Research
The best car insurance plans strike a balance between coverage and price. Learn about what’s covered and what’s not and compare plans using an online comparison tool. This way, you can review plans from multiple auto insurance carriers at once and save tons of time. Work on improving your credit score so you can get lower rates over time and consider getting full coverage so that any damage is covered.