Cheap Auto Insurance Quotes Can Be Found Online
It’s easy to buy cheap auto insurance online – just keep applying for quotes until you find one that satisfies you by price. Your state is likely to be serviced by at least 100 companies selling vehicle insurance. Even if your state has only 40 insurers, like Hawaii, there’s still a chance of finding dirt-cheap rates via requesting many quotes. Some states are luckier than others in this respect – for example, Pennsylvania is serviced by 175 insurers that write automobile insurance policies. If you have that many insurers in your state, requesting quotes even from half of them should help you find a cheap rate.
Saving money on insurance is great, but it’s very important that you are protected adequately. I mean, what’s the sense of paying for cheap insurance if it won’t be able to protect you in many situations? The fact is that each insurance type covers only certain situations, and only up to its limit. It often makes sense to buy more, pay more, but be protected adequately. For example, I live in Indiana, and I’m only required to buy liability (20/50/10). However, I know that this may not be enough to cover a major accident or things other than my liability, so I carry more coverage. Here’s what I carry: liability ($60,000/$150,000/$30,000), personal injury protection ($30,000), comprehensive ($30,000), and collision ($30,000). In case you don’t know about car insurance coverage types, I will explain the main ones briefly below:
Liability Auto Insurance
Liability is the most common type of cheap auto insurance; it’s required in the overwhelming majority of states. Liability can be for bodily injury and property damage. The one for bodily injury is usually stated per person and per accident. The one for property damage is usually stated per accident. The amount of liability insurance to purchase is usually set by the state – you can buy more but not less. The amount that you buy is the maximum that your insurer will pay to the victim, if you damage someone’s auto or injure someone in an at-fault car accident. I carry this insurance in the amounts three times higher than what’s required in my state.
Personal Injury Protection
PIP is the second most common type of auto insurance. It’s very important, as it pays for your personal injuries, regardless of whether you’re at fault or not. PIP is mandatory in 16 states – 12 of them are pure no-fault states and 4 others are Tort with a no-fault add-on. PIP can limit your right to sue an at-fault party for injuries that you sustain, but your insurer should quickly pay your medical bills after a vehicle accident with injuries to you. Usually, PIP will also pay for injuries to your passengers. Also, it may pay for part of your lost wages. It will only pay up to the limit you set for it. I carry this insurance, even though my state doesn’t require it.
Comprehensive and Collision
These are also exceptionally popular. Usually, they are purchased together, but can be bought separately as well. Both cover your car for damages. Collision pays if you collide with another car or some object, and comprehensive pays for most everything else (theft, vandalism, fire, weather, falling objects, etc.) No state requires these, but the majority of lenders and lease providers do. I carry these to cover my 2008 Honda Accord.
