:::

Monthly Car Insurance Information

:::
 




:::

Monthly Car Insurance Articles

:::

Determining How Much Auto Insurance Coverage You Need

By Matt McWilliams

The Three Basic parts to an Auto insurance Policy

1: Other Party:

Auto Insurance Bodily Injury (BI) Liability and Property Damage (PD) coverage is Legally required in most states today. (BI & PD) Most people understand that they need BI & PD, but they have no idea how to determine how much coverage they need.

Try this simple question: What if your car was involved in an auto accident tonight where heaven forbid, someone else was injured or killed? Remember, everything you own is in the back seat of the car with you and is at risk in a lawsuit! So, what do you think their family would sue you for? $15,000? $25,000? $100,000 or even maybe a Million dollars! Where would you get the money to pay them?

Perhaps the Equity in your Home would help? How about your Savings and/or Investments? You could even have up to 25% of your wages attached to pay the award in most states! Are you prepared to sacrifice everything you own to pay an award due to this accident? If not, read on for how to choose the auto insurance coverage you need.

2: You and Your Family:

Now let’s turn the above accident around. For some unfortunate reason, you or a loved one is the one who is injured or killed in an auto accident. Where would you get the money if the person who hit you did not have auto insurance or not enough auto insurance? Medical bills can be covered if you have health insurance. But health insurance doesn’t cover loss of life, pain & suffering or permanent disability.

Maybe you have a life insurance policy through your employer or your own individual life policy. Is the benefit amount sufficient to cover your family if your loved one is killed? But even if you have life insurance, what pays for the misery, the pain & suffering, maybe the fact you or a loved one can’t walk or use their arms again?

You might have a disability insurance policy through your work if you’re lucky or had good financial advice. But disability insurance doesn’t pay for loss of life, pain & suffering, permanent loss of your legs, arm or hand.

The only coverage that pays for these things is a part of an auto insurance policy known as Un/Under-insured motorist coverage. You can only buy as much coverage here as you have in Liability coverage. Your auto insurance agent should be able to help you determine the exact amount you need.

3: Your Car

Comprehensive and Collision Coverage are the third part of an auto insurance policy and are sometimes referred to as “Full coverage.” Basically the difference is this: If you run into the tree you are covered by Collision coverage. If the tree runs into you (hypothetically of course), then you are covered by comprehensive coverage. Comprehensive also covers broken windshields, fire, theft and vandalism. The higher deductible (risk) you take here, the lower the premium. Use the savings here to purchase higher limits in the coverages that protect your assets and your family.

The bottom line to determining proper auto insurance coverage is, of course, the money available in your household budget. An excellent place to start in determining the proper auto insurance coverage for your family is to meet with your local auto insurance agent.

Most cut-rate companies concern themselves with one thing only: Price. Tell them what coverage you have and they’ll see if they can give you the same coverage for less. You become the insurance professional. If this is the only need you have then that is ok. If not, you need to seek the advice of a professional to help you determine the proper amount of coverage you need and how best to accomplish it.

Review these tips for auto insurance coverage to make sure you have enough to protect your family.

Free Quote Monthly Car Insurance - Turn 21 today!


:::

Monthly Car Insurance Featured Resources

:::


SEARCH RESULTS

Annuities: The Shocking Secrets Revealed
Discover The Shocking Secrets That Banks And Insurance Companies Don't Want You To Know.

Insurance Leads Generation
Generate Quality New Leads At A Fraction Of The Cost Of Offline Marketing.

Car Auction
From The Gov-Records.com Team!

State Car Auctions
Local Seized Cars and Real Estate Auction Listings


:::

Monthly Car Insurance News

:::


Guide to buying your first car
Buying your first car will require some time and effort on your part. Here's a step-by-step guide to get the best deal on a new ride.

What you need to know about buying a teen?s first car
OKLAHOMA CITY ? When your teen starts driving, parents may be contemplating whether to buy another set of wheels. Before you pull the trigger and buy a car, the Oklahoma Society of Certified Public Accountants has some tips on how to handle the finances and responsibilities that come with making a purchase of this size. [?]

Good2Go Auto Insurance Has Joined the comparenow.com Panel of Auto Insurance Carriers
RICHMOND, Va. -- via PRWEB - Comparenow.com welcomes Good2Go Auto Insurance to its panel of auto insurance company partners. Good2Go, a subsidiary of American Independent Companies, specializes in providing ...

Beginner?s Guide to Buying Your First Car
You don?t want to be bamboozled by a slick car salesman. As Stacy Johnson said, ?Cars are for transportation, not status.? Consumer Reports recommends that you figure out how much car you can afford by looking at two factors:

AutoInsuranceApe.com?s New Infographic Helps Clients Compare Car Insurance Quotes and Discounts
The Illustrated Infographic Educates Readers About 17 Different Types of Car Insurance Discounts Available on the Market Los Angeles, CA / ACCESSWIRE / Aug 21, 2014 / AutoInsuranceApe.com, a website that ...

Free Car Payment Insurance: What's The Catch?
Many dealers are offering payment protection plans on new cars. Are they right for you?

Questions To Ask Before Buying Car Insurance
Here is the Philippines, where calamities are out of control and where traffic is terrible especially in Metro Manila. Or it could also be a combination of both. Getting your car insured has always been an essential for car owners? protection on time, effort and money. But since no one?s a pro on the first [?] The post Questions To Ask Before Buying Car Insurance appeared first on MoneyMax.ph ...

Strategies to Pay for Retiree Health Care Costs
Plan ahead by including medical expenses as a line item in your retirement budget.

BPI Family Auto Loan brings back Auto Madness Fever
GO CRAZY over the biggest car sale of the year from BPI Family Auto Loan as it brings back a bigger, better, and madder than ever, BPI Auto Madness this whole month of September! Enjoy ridiculously low loan rates, free 1-year comprehensive insurance, and a wide selection of participating car models, only from the Philippine?s first bank.

Doctor running for lieutenant governor swears by 'direct primary care' model
TOPEKA ? Wichita physician Josh Umbehr has never understood the traditional model of health care reimbursement ? the one in which doctors and hospitals fill out pages of forms to bill a patient's insurance company for everything from a $3 test to a $30,000 surgery.


:::

Monthly Car Insurance Blogs

:::



Google


 

Best Sellers from



GatorDocs

Lighting 2 Light Bulbs



Want to Link to Us?

Link to CarInsuranceHunter.com