Most motorists understand that purchasing auto insurance is a necessity. However, how much to purchase and what type may sometimes be a little difficult to navigate. Certain tips may help drivers determine what they need, in terms of auto insurance, as well as what they don’t need. Other essential tips include additional factors that may or may not affect what you pay for auto insurance as well as what is covered by different types of auto insurance.
Consider Your Unique Situation
When it comes to determining how much and what type of auto insurance you need, your own unique situation should always take precedence over everything else. Of course, you will have state minimum requirements that you must meet regardless, but there will be other things to consider beyond the legal requirements to drive. Consider the cost of your insurance and its affordability. This is extremely important when it comes to determining the right deductible for your financial situation. You should also report changes in your driving that include reduced mileage. This could lower your insurance rates as well. Plus, it’s another specific detail about your driving history that should be reflected in your auto insurance coverage.
Understand the Difference Between Collision and Comprehensive coverage
The Canby, OR team of Oliver Insurance understands that this may be confusing to many motorists. Collision insurance is associated with car accidents that involve a collision. This is the easiest way to understand this type of coverage. However, hitting a deer in the middle of the road wouldn’t necessarily fall under collision coverage. This is where a comprehensive insurance policy would come into play. Following the same thought, if you turn to avoid hitting a dear and collide with another car, collision coverage would include this accident. Conversely, comprehensive insurance would cover losses and accidents that don’t necessarily result from driving a car. This includes losses that come from theft, severe weather conditions like hail, storms, and fallen trees. Hitting a deer would also fall under comprehensive insurance coverage. Typical circumstances that are covered by comprehensive insurance include fire, wind, hail, flood, theft, vandalism, falling objects, and hitting an animal. If you have questions regarding the best auto insurance policy for you you and your situation, give us a call. We’re happy to help guide your decision-making process and answer all of your questions.