Upgrading Your Auto's Insurance Needs
When it comes to auto insurance, many people believe that liability coverage is sufficient, especially for an older car. However, this assumption may not always be the best route to take. While it's true that liability insurance is typically cheaper and fulfills legal requirements, it only covers damages to other vehicles and injuries to other drivers in the event of an accident. But what about your own vehicle? Upgrading your auto insurance can offer significant benefits, even for an older car.
Firstly, consider the value of your vehicle and any recent upgrades or restorations you've invested in. Comprehensive coverage provides protection from non-collision-related incidents such as theft, vandalism, or natural disasters—common risks regardless of your car's age. Collision coverage ensures you're not left facing hefty repair costs after an accident. Additionally, if you rely heavily on your vehicle for daily transportation, having more extensive coverage can offer peace of mind knowing you're protected against a wide range of potential issues.
How To Compare Auto Insurance Policies Effectively
Finding the right auto insurance policy can feel overwhelming with so many options available. However, a few key strategies can make this process more manageable and ensure you find the best coverage for your needs.
Start by assessing your current policy and identifying any gaps in coverage. Consider factors like your driving habits, the environment where you live, and any additional safety features of your vehicle that might qualify you for discounts. Once you have a clear idea of what you're looking for, use online comparison tools to evaluate different policies side by side. These tools allow you to input specific criteria and receive tailored quotes from various insurers.
Don't forget to read customer reviews and ratings of insurance companies. A lower premium doesn't always equate to better service or faster claims processing. It's also beneficial to speak directly with agents from potential insurers; they can provide insights into policy details that aren't always clear online and may offer customized packages that better suit your needs.
Signs Your Auto Insurance Needs An Upgrade
There are several indicators that it's time to consider upgrading your auto insurance policy. If you've recently experienced any changes in your life situation—such as purchasing a new home in a flood-prone area or adding a teenage driver to your household—it may be worth revisiting your coverage options.
Another sign could be related to financial changes; if you've increased your financial assets significantly since you first purchased your policy, it might be wise to increase liability limits for better asset protection in case of accidents. Similarly, if you're finding yourself frequently on long road trips or commuting longer distances than before, enhanced roadside assistance options might prove invaluable.
Regularly reviewing claims history can also offer insights into whether an upgrade is necessary. If past claims have highlighted gaps in coverage or led to out-of-pocket expenses you weren't prepared for, adjusting your existing plan should be a priority.
Do You Need Auto Insurance On A Vehicle You Don't Drive?
You might wonder whether it's necessary—or even required—to maintain auto insurance on a vehicle that sits idle most of the time. The answer depends largely on how "idle" that vehicle truly is and where it's parked.
If the vehicle is still registered and parked on public property or roadways, most states mandate at least basic liability insurance regardless of its operational status. This ensures financial responsibility if the stationary car causes damage due to vandalism or natural events like falling branches during storms.
However, if the car is unregistered and stored securely off public roads (such as in a private garage), maintaining comprehensive-only insurance could be beneficial but not legally required. This type of policy protects against theft or damage while offering savings by excluding collision coverage—ideal for classic cars or seasonal vehicles taken out only occasionally.
By carefully considering these factors—as well as seeking professional advice when needed—you'll ensure that you get the auto insurance you need. If you're ready to make an upgrade or have other questions, call our insurance agents at Feeser Insurance.
