MONDAY, FEBRUARY 22, 2016
How do I get the most auto insurance coverage for my insurance dollar?
To maximize your insurance dollar, think about choosing high limits and high deductibles when you buy your auto insurance policy.
When you buy your auto insurance coverage, get the highest limits you can comfortably afford for coverage like bodily injury, property damage, and uninsured/ under insured motorist bodily injury. Often, higher limits don’t cost much more than lower limits. However, the higher limits substantially increase the protection provided by your auto insurance.
Carrying high deductibles on some kinds of auto insurance coverage will cost you a larger out-of-pocket fee if you file an auto insurance claim. However, the higher your deductibles, the lower your auto insurance premium.