#low cost car insurance
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Low Cost Auto Insurance
Low cost auto insurance is a common term among drivers and its much more reasonable to search for a low cost auto insurance policy than cheap car insurance coverage.
While its certainly understandable anyone in today’s economy desires to get the cheapest car insurance rates possible auto insurance is a very big blanket of financial protection when operating a vehicle and drivers need to compare quotes equally.
Car accidents are called accidents and happen when you least expect it
A minor car accident can cause thousands of dollars in damage while a major auto accident can literally cost millions and years of litigation along with potential personal liability.
When you simply compare car insurance policies by premiums (looking for the cheapest car insurance rates) then most likely you are not paying enough attention to the details of coverage and the details are the items most important in a car accident.
Imagine being declared at fault in a car accident where the other car is considered a total loss and replacement value is $45,000. Many times the cheapest car insurance policies only attain to minimum state requirements which can often max out at $25,000 or less for damage. This means you could be on the hook for $20,000 personally.
A balanced search for car insurance is the only best way to get the best combination of rates and coverage so you certainly want to look for a low cost auto insurance plan but do not skip the details.
What is the Best Low Cost Auto Insurance Policy?
This will depend on your unique application profile but there are steps you can take to find the best low cost auto insurance policy for your needs.
# 1) Determine What Types of Coverage you need?
While most states require bodily injury liability very few require any kind of comprehensive car insurance and comprehensive is the type of coverage which covers your injuries in the event of an accident. Having just minimum state requirements usually only protects other people if injured or have property damages while you are responsible for your own (in states who operate under tort law).
Learn about the types of car insurance and determine what you need. If you have a new car you may want to consider getting GAP insurance. If you have an older car not worth so much then maybe collision coverage is not right for you. Either way you need to understand what types of coverage available and then check off what you need before requesting quotes.
# 2) How much Coverage do you need?
States often require drivers to obtain very little car insurance and many limits are simply based on the average price of a car to ensure drives have enough coverage to pay for the replacement of the damaged vehicle. However we live in a society where medical costs can run $10,000 or more for a single night in the hospital and having $15,000 or $25,000 coverage as required by State law is certainly not very much in the case of any kind of semi-serious car accident.
Car leasing companies almost always require at least $100,000 in coverage before allowing you to take possession of the vehicle (see the irony of car insurance when leasing a car here) and expanded limits such as these should really be considered by all States.
# 3) Compare Quotes Equally!
Once you understand what type and how much coverage you need its time to start a low cost auto insurance comparison search. With your checklist in hand compare car insurance companies by requesting quotes using the exact same information on your checklist. Once the quotes are in then sit down and make sure the types of coverage, limits of coverage and deductibles are all as you requested.
Once you can verify that all of the low cost auto insurance quotes you requested offer the same coverage levels then you are ready to compare premiums.
Of course, you also want to read up on car insurance discounts and make sure any discounts you might be eligible for are applied along with weighing the intangible factors such as customer service hours and options for claims processing. Most of the larger car insurance companies all offer pretty equal service and features so its fair to start deciding on what car insurance company to use at the point.