How to Choose the Level of Auto Insurance Coverage that's Right ...

It?s no secret you need car insurance.? After all, if you?re not insured, you can?t legally drive.? But determining which level of auto insurance to buy can be tricky.

Many auto insurance agents want you to buy as much as possible, because that means a bigger commission check for them.? But is that in your best interest?

Here are some questions to ask when determining how much auto insurance you need?

1.???? What is the state required minimum coverage where you live?

Here in the state of Idaho, you are required to carry liability insurance (the portion of your policy that pays ?for any damage you cause) of at least $25,000 for injury or death of one person, $50,000 for injury or death of two or more people, and $15,000 in property damage.? This varies from state to state, so if you?re not in Idaho, check ?your local statutes.

2.???? What could I afford out-of-pocket if I got into a serious accident?

Insurance exists as risk-mitigation.? It is there to help close the gap between what you could reasonably pay in damages if you were responsible for an accident, and what the probable cost of the accident would be.? It might sound counter-intuitive, but often if you have less money, you need more coverage ? because the expense of a serious accident would have a more damaging impact on your overall financial picture.

3.???? What can I afford to pay in premiums?

Of course, it?s important to balance risk-mitigation with your existing budgetary considerations.? The place where you can reasonably afford a level of coverage that protects you as much as possible from financial disaster is where you want to be when buying auto insurance.

There are more considerations when purchasing auto insurance, such as specific benefits that may or may not be useful in your specific case, but hopefully this will give you some insight on how to choose the level of auto insurance that is right for you.? Seek the advice of a qualified Insurance Agent ? preferably one who has come recommended from someone you trust.? Choosing the right level of auto insurance coverage takes a little time and research, but the peace of mind is worth it.

If you?ve been injured in a serious car accident, get FREE, friendly, professional ?advice from an attorney who knows how to help. Plus, we make house calls! Here at Miller Law Group, you never pay for legal services unless you win. So request your complimentary consultation today.

Source: http://idahojustice.com/how-to-choose-the-level-of-auto-insurance-coverage-thats-right-for-you/

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