Do you feel bombarded by insurance companies advertising the best car insurance? With so many options, it can be difficult to choose a policy and feel confident you are found the right coverage you’re your particular needs. One thing savvy customers know about shopping for affordable car insurance is that you only find answers to the questions you ask. If you are in the market for the best auto insurance at an affordable price, don’t commit to any coverage until you have asked these four simple questions.
Question #1: How Much Liability Insurance Do I Need and Why?
This is a two-part question, because in order to know how much liability coverage your need, you need to know what it is for and how it works. Arizona’s minimum liability coverage as required by law are inadequate compared to the amount of protection the average driver actually needs. Liability insurance is the coverage that protects your assets and future income if you are responsible for an accident. When you are sued by a victim, you may face legal defense fees, as well as any judgment passed by a court for the victim’s medical bills, lost wages, and other losses. Whatever your insurance does not cover, you will ultimately be responsible for paying out of pocket. Whether that means liquidating your savings accounts or garnishing your future wages, these are out-of-pocket expenses that better liability coverage could have otherwise covered. With that understanding, you can see why it is paramount to choose high enough limits to coverage the worst possible scenario.
Question #2: What Happens to My Vehicle If It Is Damaged?
Accidents can happen in the strangest of ways. Collisions are often responsible for vehicle damages, but what about non-accident related losses? Perhaps your car is broken into overnight, or you hit a deer on the road one night. Maybe a limb crashes onto your vehicle, or a rock cracks your windshield. It is important to know how much protection your insurance policy will provide in ‘normal’ as well as unusual circumstances. Collision insurance is coverage for your own vehicle when you are at-fault for a crash. Comprehensive is coverage for the odds and ends – losses that are not caused by an accident.
Unlike liability coverage, you don’t have to choose limits when it comes to physical damage coverage. Whatever it costs to repair or replace your vehicle, it’s coverage. The question you do have to answer is how much of the risk do you want to carry? The risk that you carry is your deductible. If you can afford to pay the first $1,000 of damage, carrying a higher deductible will result in much lower insurance premiums.
Question #3: Do I Need Uninsured or Underinsured Motorist Protection?
In short – Yes. UI/UIM Coverage provides liability coverage for you and your passengers.
Many states require drivers to carry uninsured motorist (UM) and sometimes underinsured motorist (UIM) protection as well. Though Arizona is not one of those states, it does not mean you should forego this important coverage. UM protection will help pay for medical expenses if you or someone in your vehicle is injured by a driver who is uninsured. UIM helps fill in the gaps when the at-fault driver’s coverage limits do not pay your medical bills in full. You may also want to ask your agent about uninsured motorist property damage (UMPD) protection, which can help pay for repairs to your vehicle if you are hit by an uninsured driver.
Question #4: Do I Qualify for Any Discounts?
There is a wide range of discounts you may qualify for, although not all insurance companies offer the same premium markdowns. Before choosing a policy, make sure you are getting all of the discounts available to you. If you think you might benefit from a particular discount not offered by an insurer, talk with your independent agent about whether a different company might provide a better offer. Examples of common car insurance discounts include:
- Safe driver discounts
- Good student discounts
- Low mileage discounts
- Vehicle safety feature discounts
- Retiree discounts
- Pre-payment discounts
- Bundling discounts (when you combine auto insurance with other types of coverage)
If you live in the Scottsdale area and are looking for the best car insurance to fit your needs, contact Vanyo Insurance Group to compare rates and request your free quotes. We look forward to serving you soon.