subject: Buying Auto Insurance Can Be Complicated [print this page] Buying auto insurance unfortunately can be a complicated process. To start with there are numerous kinds of auto insurance available to the consumer. It takes some time to figure out what all the different kinds are and how they interact and overlap. Then the prospective buyer needs to try and find the best deal. Trying to wade through all the possible insurance companies can be very time consuming and stress inducing.
But there is a better way. Sure, there are several kinds of auto insurance, but the average person can figure out what they mean with a bit of study. Trying to find the best deal can be difficult, but there are ways to find help with that. So although finding the right auto insurance that is suitable for you and your needs can take time, it doesn't need to be a huge burden.
The first thing a person needs to do is take a look at what kinds of insurance are available to them and what are required by law. The laws will change from state to state, as will the definitions and names of the insurance products. However they are not drastically different. Collision coverage will cover damages to your car in case of an accident. Sometimes this covers pothole damage as well, but it depends on the locality.
Bodily injury liability covers any injury made to someone else while driving your car. Property damage liability covers damage that is made to someone's property by your car. This includes all types of vehicles. Personal injury protection covers injuries to someone inside your vehicle.
Comprehensive covers all other kinds of things that can happen to a vehicle, such as theft or other kinds of damage such as vandalism or fire. Most states will also have a form of uninsured motorist coverage to cover your car and any injuries that result from a collision with someone without insurance or with insufficient insurance.
As you can see, there are many kinds of auto insurance available on the market and required by law. Deciding which ones you need and more importantly what level of coverage you can afford is something that each person needs to decide for themselves. What may be sufficient for one person's situation may be either excessive or insufficient for another person in a different situation.
Potential insurance shoppers must also take into account what could happen if they don't get enough coverage. If their insurance doesn't cover the costs of an accident the balance is going to come out of their pocket. Of course if they overbuy and purchase more auto insurance coverage than they really need, excess money that they don't need to spend is going to be flowing out of their pockets on a monthly, annually or semi-annually basis.
One way to prevent overbuying or buying auto insurance from a company that may be less than reputable, or not around very long, is to employ the help of an insurance agency. Some insurance agencies will be contracted with a single insurance company. That's great if that particular company is the one you wish to purchase insurance from. Otherwise, it becomes an issue of how much insurance coverage you want. Other insurance agencies are contracted with many different insurance companies and can provide the buyer with lots of options.
One thing to keep in mind when buying insurance is there are often deals to be had when purchasing more than one form of insurance from the same company. For example, if a person can buy auto insurance, home insurance, small business insurance and boat insurance from the same company, they will most likely get a far better deal than if they buy only auto insurance from one place, home insurance from another, small business insurance from another place, and boat insurance from an entirely different place.
While finding the right level of coverage and the right kinds of auto insurance for you can be difficult, with a little research, a little education and the right insurance agency on your side, the process becomes much easier.
by: Nick Messe
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