Four Car Insurance Considerations

Four Car Insurance ConsiderationsIf you own a car, then you need car insurance – in fact, car insurance is legally required for drivers in all 50 states. The nice thing about car insurance policies is that they typically renew every year, which gives you the chance to review your policy and see how it’s working for you. If your car insurance policy is close to expiring, then it’s time to evaluate your insurance options. Here are four considerations to keep in mind for when you’re ready to review your options:

  • Are you saving money?
    Is your auto insurance bundled with your homeowners’ or renters’ insurance? If not, check with your agent to see if you can get a discount for keeping policies within the same insurance carrier.
  • Do you have any student drivers?
    High school and college-aged students with good grades can sometimes earn discounts on auto insurance policies. If someone in your family is in school and driving this year, check with your agent to see if their grades qualify for any “good student” driving discounts.
  • What are your state insurance requirements?
    Each state mandates the types of insurance required for drivers in that particular state. These requirements can include collision and comprehensive insurance, liability insurance, and personal injury protection. Check out your state insurance requirements and talk to your agent to find out the optional coverages that are right for you.
  • Are you leasing your car?
    If you lease your car, you may be required to purchase gap insurance coverage. Gap insurance comes into play if you damage your car beyond repair. This type of insurance covers the difference between the actual cash value of the car and what you’ll owe the auto dealer if your leased car is totaled.

With a little bit of planning, you can easily maximize the benefits provided by your car insurance. Take time to review your policies and make sure that you’re properly protected. If you have questions about your existing policy, the AssuredPartners NL personal insurance team can help. To learn more or contact an agent, visit: AssuredPartners NL Vehicle Insurance.

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