Insurance is an essential part of owning a vehicle. Without it, your vehicle is not legal to drive on public roads, as well as at risk for accidental damages or mishaps. It’s no wonder that the automotive insurance market is one of the most competitive businesses in the world- after all, with the millions of vehicles on US roads which require it, the market is guaranteed.
Every motorist is required to maintain a specific amount of coverage. The minimum levels allowable vary from state to state, though it is recommended that you carry the appropriate level of insurance based on the value of your vehicle. There are many benefits to obtaining a level of insurance which exceeds the minimums specified by your state.
Your insurance company covers all damage. If you obtain comprehensive insurance that covers you in the event of an at-fault accident, it removes the financial burden of having to repair your vehicle.
Your insurance company protects you in the event of a lawsuit. In the event of an accident which results in a lawsuit, having a higher valued insurance policy will create a larger umbrella by which you are financially protected. Remember that any value awarded to the other parties become your personal burden if it exceeds the value of your insurance policy.
The insurance company covers any vandalism or hit and run damage. If you obtain a policy with comprehensive coverage, the insurance company will also cover any damages done by a hit and run accident or any vandalism.
There is no such thing as being over insured, though being under insured can become a real problem. Take some time to learn about the various differences in policies, and work with your insurance provider to find the right policy for your specific needs.
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- Progessive - Fast, efficient service. Their insurance rates are affordable and competitive, and their service is the best in the industry.
- Geico - Famous for their Gecko commercials, Geico insurance policies are generally comprehensive and a great value. Their rates are very competitive and they offer very friendly and understanding service.
- Comparison Market - Unsure of which insurance company suits your needs? Comparison Market can get you a free online quote from several leading companies in a matter of seconds.
- NetQuote - NetQuote offers a network of insurance companies, and their online quotes make it easy to find the company which suits your needs.
- Esurance - Esurance is famous for their “Quote, Buy, Print” ad campaign. Their website offers a free online quote, and if it is satisfactory, you can purchase your insurance and print your insurance details in a matter of minutes.