How to Choose the Right Auto Insurance Policy for You

How to Choose the Right Auto Insurance Policy for You

Tips for choosing the right car insurance to meet your needs.

No one wants to pay more for their auto insurance in Astoria, New York, than they have to.  The best way to save on your coverage is by choosing a policy that is well-suited for your needs.  But how do you know when a policy is right for you?  Here are some tips for choosing your ideal auto policy.

Determine Your Coverage Needs

First, and most importantly, you need to decide which types of car coverage you need.  Start by looking at your state’s insurance minimums.  For instance, the state of New York requires drivers to carry at least:

  • $10,000 for property damage for a single accident
  • $25,000 for bodily injury and $50,000 for death for a person involved in an accident
  • $50,000 for bodily injury and $100,000 for death for two or more people in an accident

However, minimum insurance coverage is usually not enough to protect against all your risks.  This is why experts recommend speaking to an experienced insurance agent who can help you determine your coverage needs.  They will help you secure enough insurance coverage to protect your assets.  In addition to liability coverage, drivers are also advised to secure collision, comprehensive, uninsured/underinsured motorist, and medical payments coverage.  Depending on your unique risk factors, your insurance agent may advise you to secure additional types of coverage.

Set Your Deductibles

Deductibles are the amount of money you pay out of pocket to cover an insurance claim.  Once you have paid your deductible, your insurance will step in and cover the remaining cost of the claim (up to the policy’s coverage limits).  Your deductibles and premium have an inverse relationship.  This means that the higher your deductible, the lower your premiums.  However, it’s important that you do not set your deductible too high.  While this will make your premium payment more affordable, this could prevent you from accessing your insurance coverage when you need it the most.  When setting deductibles on your collision and comprehensive coverage, make sure you choose an amount that you can actually afford to pay in the event of an accident.

Consider Multiple Carriers

Once you know what coverage you need and what you can afford to pay as a deductible, you need to use this information to secure quotes from several insurers.  This way, you can compare prices from different carriers.  To save you some time and effort, work with an independent insurance agency.  They work with many different carriers and will compare different rates on your behalf.  By comparing quotes and insurers, you can secure an affordable policy that has all the coverage that you need.

Try out these suggestions when choosing auto insurance in Astoria, New York.  Do you have additional questions regarding your car coverage?  If so, then contact the experts at 01 Insurance.  Our dedicated team is eager to assist you with all your coverage needs today.