How to Choose the Best Car Insurance

How to Choose the Best Car Insurance

Human beings do not naturally prepare for disaster. That’s a learned behavior. The vast majority of what we do on a day-to-day basis boils down to habit. Naturally, we don’t wake up in the morning, get out of bed, make a cup of coffee, and decide, “I’m going to get into a car accident today!” That’s just not how reality works. 

Unfortunately, reality will rear its ugly head in the most seemingly innocuous moments, like when you’re heading to the post office to pick up some stamps. That’s when accidents occur. And, when they do happen, you want to be as prepared as you can reasonably be.

So, how do people prepare for something as devastating as an automobile collision? Well, truth be told, there’s only so much that you can do. It’s not like you can mentally prepare yourself for dealing with a broken leg if you’ve never broken one before. But, of course, you can take steps to cushion the financial blow of losing your car or experiencing a personal injury. And, most people accomplish this task by selecting the best car insurance. 

Some states require you to have car insurance in order to own a car, while others are a lot laxer about it. Either way, you shouldn’t just see the situation as a requirement that you need to meet. You should do your homework and see what the best car insurance is for you and your particular needs. How much can you afford? Would you rate yourself as a safe driver? These are all things to consider when it comes to choosing the best car insurance.

What Coverage is Right For Me?

Before you even contact your insurance company to request a quote, you should spend time figuring out what kind of coverage is right for you and your particular needs. Once again, every state usually has some kind of minimum insurance requirements. Some states require you to have more coverage than others, some states less so. You will definitely want to check what the minimum requirements for your particular state are. And, of course, after you have examined that, you will want to see how much disposable income you’ll have left if you’d like additional coverage. 

For most people, the decision boils down to simple liability coverage vs. liability AND comprehensive coverage. This is true even for those who don’t want the added costs of collision coverage. What you will end up paying will be determined here. Will you get collision or comprehensive coverage, or perhaps both? That decision, of course, is up to you.

But what does all of this mean? What is comprehensive coverage? What’s collision coverage? Well, those are great questions to ask. Firstly, comprehensive coverage is an optional insurance protection that safeguards you from monetary damages that are not the result of a collision. This means that you are protected from damages incurred by theft, fire, falling objects, vandalism, civil unrest, and more (e.g. weather damage). Collision coverage, of course, is much more straightforward—after all, the name pretty much says it. Collision coverage protects you from accidents in which your vehicle collides with another car. Simple enough, right? Usually, this will fall under the basic car policy that your state mandates as the requirement for owning a motor vehicle. 

Deductibles

Firstly, what is an insurance deductible? Generally speaking, a deductible refers to the amount of money you will pay in an insurance claim before your coverage kicks into gear and the company starts to pay you. If you have a deductible, most of the time you will have to come up with the amount of money for your deductible before you receive a payout. Once this amount is met, however, the insurance company will pay you the rest of the claim value. Of course, the amount that they pay will depend on a variety of factors, such as policy limits and specific conditions in the wording of the contractual agreement.

So, here’s an example of what a deductible really is. When you purchase insurance to protect yourself from unforeseen losses, you’re basically asking the insurance company to have your back if any damages occur. And, of course, your insurance company will agree to this, providing you can pay their deductible first. So, let’s say your deductible is $800. This means that you will pay $800 of any loss incurred and that your insurance company will cover the rest of the costs. Pretty simple right?

But how do I know how much the deductible will be? Can I control it? In most cases, your deductible will depend on how much your insurance is. Generally speaking, the higher you pay for your insurance, the lower your deductible will be. Naturally, the opposite is true. The more you agree to pay for your deductible, the lower your insurance costs are going to be. Many policies have a minimum deductible requirement, so it is always wise to check if such a requirement exists before going with a certain policy. 

How to Choose an Insurance Company

A lot of people will choose their car insurance company based on the best insurance premium they can find. While that’s all well and good, it may not actually be the very best way to choose which insurance company to go with. Instead, consider the financial strength of the insurance companies to which you apply. After all, you want to make sure that your insurance company can actually back you up when the time comes.

But, there are so many to choose from!  How do I know who to go with? Should I go with one that saves me the most money? Well, the answer is—as with most things in life—that it depends. Truly, you should always go with whatever insurance company best suits your lifestyle and needs. Additionally, don’t just fall for clever advertising schemes. Always check up on consumer reports that compile customer surveys to see how a specific company ranks within your local area. After all, a company like Allstate, for example, may be the best company in a certain part of Ohio, but how do they rank in your part of Florida? Location is an important aspect to consider. You may be very surprised to learn which companies rank at the top in your particular neck of the woods. 

And, always remember: insurance is a business that lives and breathes through human interaction and services. That human touch is often the most important aspect when it comes to getting the most out of your particular insurance company.

Need to File a Claim?

Have you been involved in a car collision and need to file a claim? Of course, you should act as soon as you possibly can, but don’t just stop at getting in touch with your insurance company. In the vast majority of cases, you will want to get in touch with a strong legal team that will back you up every step of the way.  This is where The Ward Law Group comes in. Our firm has more than two decades of experience in dealing with every variation of car accident claim imaginable. For more information, contact us today at 1(855) DOLOR-55. 

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