Choosing the best car insurance policy can be confusing because there are so many options from which to select. Most states require a minimum level of car insurance to drive legally, but that liability insurance may not be enough to protect you from the perils of the road, especially if you end up in an accident with an uninsured or under-insured driver. Finding the best car insurance policy takes some basic research and a few quotes. For help getting started, the Bingel Insurance Agency of Denver, CO, has great advice about all your car insurance needs.
Consider these criteria to choose the best car insurance policy for your situation:
- Types Of Coverage: Decide whether you need comprehensive coverage or only liability insurance. Liability coverage protects you should you need to pay for other people’s injuries or property damage; comprehensive coverage will protect you against the destruction of your own vehicle.
- Levels Of Coverage: The dollar amount of coverage you choose should be enough to cover a wide range of damage possibilities, and most agents recommend going beyond the minimum required in your state to be safe. You might also consider the value of your car when choosing the amount of coverage for collision, as you don’t want to over-insure a vehicle if it isn’t necessarily worth it.
- Premiums & Deductibles: If you have money in savings or an emergency fund, consider raising your deductible to lower the overall cost of your insurance premiums. To be safe, always have enough cash on hand to cover the out-of-pocket costs of your deductible to avoid a financial shock if you ever need to make a claim.
A reputable insurance agent helps individuals get the coverage you need at the best possible price. To find out more, call the Bingel Insurance Agency in Denver at (303) 451-8034, or visit their website to let them know more about your auto insurance needs.