Call Us (888) 513-8784

In Omnia Paratus…"Ready for all things!"

Auto Insurance AUTO
Read More
Boat Insurance BOAT &
Read More
Business Insurance BUSINESS
Read More
Homeowners Insurance HOME
Read More
Life Insurance LIFE
Read More
Other Insurance OTHER
Read More

Keeping your auto insurance costs down is important. But more often than not, you're going to be better off keeping your driving record clean rather than by skimping on coverage.Car and money symbol

Cost is important when shopping for car insurance. But while it’s certainly a good idea to shop around for the best deal, that is not the only thing to consider. Here are some points to think about:

  • The legally mandated minimum only covers liability in Michigan. This means that all costs that are going to affect you are not going to be covered. Liability will help to ensure that, if you are found to be at fault, the other party's ends are covered. Beyond that, you'll be on your own getting your car repaired or replaced and getting to work while your car is in the shop — unless the other party's insurance winds up paying for everything.
  • Additional provisions are not as expensive as you might think, and certainly cheaper than the alternative. Gap insurance, for example, might only cost you a few extra dollars a month. But it may save you thousands by covering the difference between what you've paid on your car loan and what you have left to pay. A good policy may be worth hundreds of thousands of dollars. And its premiums might only cost you a fraction of its value over the years.
  • The odds of being involved in a car accident at least once in your lifetime are extraordinary. Forbes suggests that you should expect to file a claim about once every 18 years. No matter how safe a driver you may be, there will be conditions you couldn't have possibly predicted, or be drivers you didn't see coming. Car insurance may be a "just in case." But that "just in case" is almost inevitable on the road.

Consider your ends, your needs and your means, and buy yourself a level of protection that you are comfortable with. The minimum required amount of insurance protects other drivers from you, but it doesn’t necessarily protect you fully.

Also Read: How to Save Money on Auto Insurance Before Renewing Your Policy

Posted 6:11 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014

View Mobile Version
Pioneer State Mutual
Michigan Insurance
elephant insurance logo
© Copyright. All rights reserved.
Powered by Insurance Website Builder