Why All Auto Insurance Policies Aren’t Created Equal

It’s the law that you are required to carry car insurance. However, no two auto policies—even the most basic plans—are alike. If you just buy the first policy you can find, then you might be doing yourself more harm than good. You owe it to yourself to get not only a reliable, but also a personalized policy. 

The better your policy matches your needs, the better the financial assistance you will receive following a car wreck, vehicle fire, theft, accident lawsuit or other unexpected hazard. You should work with your insurance agency to ensure that you only get the policy that is optimized to your advantage. 

Why You Must Have Personalized Car Insurance 

No two drivers are identical. At a minimum, your vehicle is worth a unique value, and the costs of any accident are likely to affect everyone differently. Your burden for an accident might be a lot different from those experienced by another driver. Therefore, you want your auto policy to reflect your particular financial risks.  

Choosing Your Benefits 

Forty-nine states require all registered drivers to have minimum amounts of auto insurance, usually liability insurance. Still, the minimum amounts of required coverage are just the minimum amounts.  

If an accident is your fault, then you are usually legally responsible for compensating other involved parties (other drivers, pedestrians etc.) for their losses. Just by increasing your liability coverage, you will open yourself up to better security. After all, you never know when you might face significant liability claims that far exceed the limits of a minimum-coverage policy. 

Plus, you can augment your liability coverage with other benefits like collision insurance, comprehensive coverage, roadside assistance, rental car reimbursement and medical payments coverage. All of these benefits can significantly reduce your personal burden for the ramifications of vehicle accidents, and in many cases, you can add them into your policy at a very reasonable additional cost. 

Why It Helps to Compare Policies 

However, not all insurers measure these risks in the same ways. Therefore, you might find that one offers you a much more competitive price than another given your circumstances. That’s why you’ll want the help of a committed agent when choosing which policy is actually the best one in terms of both coverage and price.