6 Tips For Getting The Right Car Insurance, At The Best Rate

From regular maintenance to soaring gas prices, the cost of owning a vehicle is no small fee. And, if you are like most drivers, you’re undoubtedly looking for ways to reduce this high price, without trading it in for the increasingly popular bicycle.

So, where do you begin? The first place you will probably look to cut cost is insurance. Although all drivers must carry car insurance protection, most drivers are either paying too much for the coverage they need or leaving gaps in their coverage to save a few dollars.

Finding the right coverage at the best rate can be challenging, but it doesn’t have to be. Understand the coverage you need with these six tips:

1) Know Your State Minimum Insurance Requirements

This might seem like a no-brainer, but it is critical to have at least the minimum insurance for the state your vehicle is registered in. Failure to obtain this minimum coverage could result in having your driver’s license or car registration suspended… or worse, hefty fine, fees and increased future insurance premiums.

Find your state minimum at DMV.org

2) Understanding liability coverage

Liability coverage pays for injuries and damages to the other driver, their car and their passengers, if were to cause an accident. This coverage also protects your assets from a lawsuit — assuming you have enough coverage. However, it does not cover your injuries or your passenger’s.

When it comes to liability coverage, it is crucial to not only meet the state, but also consider property damage liability coverage, which covers damages you cause, with your car, to another person’s property, such as a home, yard, or business

3) Don’t ignore independent insurance agents/companies

Although you might know names of big companies like Allstate, Geico, Progressive and State Farm, this does not mean they offer you the best coverage. Often independent agents and companies work with several carriers to ensure you get a competitive rate without you ever having to shop your insurance or compare rates.

These smaller agencies have the ability to create custom strategies that encompass all your insurance needs and offer you the right protection.

4) Protect yourself against uninsured and underinsured drivers

Although all drivers are required to have auto insurance, some break the law and drive without coverage. Uninsured and underinsured drivers coverage pays for medical bills and car repairs, in the event you are injured or your car is damaged by one of these drivers.

Keep in mind, most state require some uninsured and underinsured drivers insurance coverage.

5)Don’t be sideswiped by going without collision coverage

Collison coverage will pay to fix or replace your vehicle after an accident. Not only does this insurance cover cost associate with collisions with other vehicles, but it also extends to damages caused by collisions with other objects, such as trees, rocks, etc.

Most states don’t mandate collision coverage, but if you have loan or a lease your vehicle, a finance company will probably require it.

6)Consider usage-based or pay-per-mile insurance

If you’re a safe driver who doesn’t log many miles, consider a usage-based insurance program. These programs let your insurance company track your driving, in exchange for possible discounts. Most drivers who travel less than 10,000 miles a year save on mileage-based insurance programs.

Lowering insurance costs and maintaining the proper coverage doesn’t have to be difficult. At Duncan Financial Group, we are dedicated to offering you a smooth ride when it comes to choosing auto insurance. Our certified insurance professionals offer complete and competitive rate plans for every type of vehicle, including personal, recreational and commercial as well as classic car insurance for antiques, muscle cars, and street rods.

Learn how we can save you money, protect your assets, and let you drive off knowing we’ve got you covered, by calling (724) 863-3420 today!