For most people, deciding how much auto insurance to get can be a difficult decision. After all, you want to keep your vehicle and your passengers safe in the event of an accident, but keeping your premium low is always a priority. At Phil Taylor Insurance Agency in Clarksville, AR, their dedicated agents want to help. Here, they share a few tips to help you pick the right amount of coverage, whether you’re purchasing a policy for the first time or upgrading your existing insurance.

3 Tips for Finding the Right Amount of Auto Insurance Coverage

1. Decide If the Minimum Is Enough

Auto insurance is required by law, and you’ll need to purchase a bare minimum of insurance before you can drive your car. While minimum coverage will be cheaper than comprehensive policies, it may not provide the protection you’re looking for. Consider where you live, the risk of vandalism or theft, and your driving history. If you have a track record of filing insurance claims, you may want to purchase more in-depth coverage.

2. Consider the Value of Your Vehicle

As your car ages, its value depreciates, and the older the car, the less you’ll want to spend on monthly premiums. That’s because the replacement value of your car will not be very high, so paying high prices for your insurance policies may not make the most sense. However, if your car is newer, you’ll need to pay more for coverage, as the cost of repairs and replacements will be significantly higher. For newer vehicles, you may want to purchase a comprehensive policy or raise your collision insurance limits to safeguard your investment.

3. Think About Your Deductible

It’s often possible to reduce your monthly premium costs without sacrificing the quality of your coverage by increasing your deductible. The higher your deductible, the lower your monthly premiums. Only choose a deductible you can realistically afford, as this is the amount you’ll pay out-of-pocket when you need to file a claim.

Finding the auto insurance you need doesn’t have to be a challenge, and with the help of an insurance agency, it can be as simple as making a phone call. If you need reliable and affordable coverage, contact the agents at Phil Taylor Insurance Agency. They’ll work with you to find the perfect policy for your needs. Like them on Facebook and call (479) 754-2616 for a no-obligation insurance quote today.