Auto Coverage
Consider that the state-required minimum coverage might not be enough to pay for all of the damages the result from an accident. If that is the case, the legally responsible driver will have to pay the additional expense out of pocket.
Things to think about when selecting auto coverage:
The Value of Your Assets
Ideally, your liability insurance coverage should be enough to protect the value of your assets.
What You Drive
What is value of your car? Could you afford to replace it if it were totaled? If you lease or finance your vehicle, comprehensive and collision coverage is usually a requirement. If you own and older vehicle, you could save money by reducing these coverages.
How Much You Drive
The more time you spend on the road, the greater your risk of being involved in an accident. Even if you are a good driver, there are many uninsured or underinsured motorists on the road.
Who’s In The Car With You
Do you carpool, drive the soccer team to games or take the kids on field trips? If yes, make sure you are taking that liability impact into consideration.
Ways To Save On Car Insurance
- Drive safely and drive less
- Choose a car that’s less expensive to insure
- Get discounts for purchasing multiple policies with Farmers
- Pay for your policy in full
- Choose a higher deductible
- Research before you buy
Auto insurance options and requirements can be complex. We offer a free service that simplifies your options, so you can decide if your policy gives you the coverage you want. Let’s have a conversation.
Do I need more liability coverage than the minimum required by law?
Minimum liability requirements are typically just that – minimum, not necessarily enough. When you’re at fault in an accident, liability insurance pays to repair or replace the other dirver’s car and pays other people’s medical expenses up to the limit of your coverage. If your coverage isn’t enough to pay all the costs, the rest comes out of your pocket. More liability coverage could help avert financial disaster.
Do I need an umbrella policy?
Umbrella policies supplement the liability coverage you already have through your auto and home insurance and provide an extra layer of protection through increased or excess coverage limits. An umbrella policy may also help to plug gaps in liability coverage that fall outside the scope of your underlying auto, home and other personal liability policies. The only thing worse than being at fault in a terrible accident might be if you’re sued and lose the rest of your assets in the lawsuit. Consider it financial catastrophe protection, and psychological and emotional comfort, when you really need it the most.
Should I increase my deductible?
By requesting a higher deductible – the portion you pay before your insurance coverage kicks in – you can typically lower your premium. For example, you may consider going from a $500 deductible to a $1,000 deductible. But before you do, make sure you have the funds set aside to cover your portion in case you have a claim.
When do I need to add my teenager to my insurance policy?
As soon as your child gets a permit or license. Also, don’t forget to ask us about our Classroom Discounts.
Do red cars cost more to insure?
It doesn’t matter whether your vehicle is red, blue, or purple. What’s important is the year, make, model, body type, engine size, age of your vehicle, your driving record and the like. So get whatever color you like best and give us a call to make sure you and your car are protected.