Independent agencies will be able to give you quotes from different auto insurance providers. Each of them is set for the same types of coverage, limits, and deductible for proper comparison. Confused on where to start? Here are some helpful tips!
Auto insurance coverage requirements vary from one state to another. Some may be required, while others are only optional. In Virginia, you are required to get liability coverage for bodily injury and property damage.
Choose appropriate liability limits.
Auto liability coverage is usually required. It covers you for repairs and medical bills of another driver when you are at fault during an accident. There usually is a minimum limit for coverage required for drivers to purchase. Thus, you have the option of getting more than the required amount.
When setting liability coverage limits, bear in mind that when you get into an accident, and the damage exceeds the limits, you will end up paying for the additional expenses. Whether you choose a minimum coverage or more than that, make sure that the limits you set for bodily injury and property damage coverages are the same for every quote you’ll compare.
Bodily injury liability coverage covers the expenses of another person’s injury that you’re found liable of. Property damage liability coverage, on the other hand, will protect you against the damages you cause to another person’s property.
Choose similar deductibles.
Some auto insurance coverages come with a deductible that you can adjust. If you must know, a deductible is an amount you are required to pay out of pocket when filing a claim. Increasing your deductible will lower your premiums while decreasing your deductible will increase your premiums. Keep in mind that although you have lower premiums with high deductibles, you will be paying more out of pocket before your coverage kicks in after a covered event.
When comparing rates, the deductibles you choose should be the same to provide an accurate comparison.
When deciding on where you’ll get your property insured, having many options is a good idea. But rather than going to each insurer yourself, why not go to an independent agency instead? They will be able to give you a list of their insurance carriers and give you an accurate comparison of their quotes.
Insurance Strategies – The Cooksey Agency is an independent insurance agency that takes pride in the quality service we provide. We have a great line-up of insurance carriers that offer reliable auto insurance coverage that you can choose from. Get a personalized car insurance quote from us! Talk to one of our agents by calling (757) 819-6896 or visit us today.