What do you want the most — the cheapest auto quote or the most adequate coverage for you? This may look like an odd question but it isn’t. There are situations where you really do NOT need the best auto insurance policy. But because the law demands that you have it before you drive, you have to get one. In such a case you just need enough insurance to get by. I’ll show you an example and also show you how to do it without putting yourself at risk.
If yours is just an old car (NOT a classic), then you only need enough insurance to get by. This is because you’ll NOT get any meaningful reimbursement even if you have comprehensive and collision coverage. Why? Because your reimbursement is based on Kelly’s Blue Book (Whatever that is). It’s a convention that helps insurance companies what you should get when you make a claim. And do you know what? It’s practically zero for old cars.
This means then that getting the most extensive coverage for your old car won’t do you any good.
Now someone may argue that you also need to protect yourself properly from liability claims. Yes, you need to. But there’s a better way to do it…
Get an umbrella policy. This will give you far more coverage from liability claims per premium dollar spent than the most extensive of auto insurance policies. Furthermore, an umbrella insurance policy will typically bankroll fully even the craziest of lawsuits and all you’d have to pay are very affordable premiums.
For just less than $300 you can easily get $1 million coverage with an umbrella policy. Try that for your auto insurance liability coverage and see if you won’t have to pay a lot more.
And I almost didn’t tell you that it will cover all liability claims against you and NOT just those related to your vehicle.
That said, you must still get at least the minimum required by law. And since you just want to keep the law, look for the cheapest offers. That way, you’ll only pay for what you need — Staying law abiding. Just make sure you do NOT need to file claims for your vehicle before going with this option.
To get the cheapest offers, get and obtain quotes from at least five quotes sites. And while requesting your quotes, choose the highest deductible allowed. It will help you save even more.
Here are great pages for auto insurance quotes…