Auto Insurance Minimums
Investing in auto insurance is part of the responsibility of owning a car. However, when looking for the right policy, it is important to make sure that you invest in the right amount of coverage. Knowing the minimum amount of coverage needed can help to ensure that you are properly covered while on the road and do not have to face any fines.
Across the country, the most common coverage requirements include:
- Bodily injury liability coverage – $50,000 per person and $100,000 per accident, invested by 46 percent of all drivers.
- Property damage liability coverage – $50,000 per accident, invested in by 59 percent of all drivers.
- Collision coverage – invested in by 60 percent of all drivers.
- Emergency road side service and towing – invested in by 16 percent of drivers.
- Rental reimbursement coverage – invested in by 16 percent of drivers.
Taking a look at your personal situation can help you decide just how much coverage you need. Keep these tips in mind to help make sure that you have enough coverage to keep you protected on the road.
- Investing in extra liability coverage that goes beyond the required minimum amount can ensure more protection at a very low price.
- Increasing your deductible can help to save you money. When you raise your deductible, your monthly payments will decrease. Make sure that you do not choose a deductible that is too high and that you will not be able to afford.
- Shop around before you make a final decision. Comparing prices and coverage options will help to make sure that you have the right amount of protection.
For all of your auto insurance needs and to ensure that you invest in the right amount of coverage, contact the insurance professionals at Martplan Insurance Agency in La Habra, California. We will work with you to ensure you have the right amount of protection, all at the right price.