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Tips and Tricks on How to Shop for the Best Auto Insurance

So you’re shopping for a new vehicle, and the lender asks about your proof of insurance.
We’ve all seen commercials on protecting your vehicle with auto insurance, but what exactly is it?
How do you know what’s the best option for you? Is it even necessary?
Let Trusted Insurance Partners LLC break down auto insurance for you!

Auto insurance is an agreement between you and the Insurance company to cover damage or injury to another party; or damage or injury that your car or you suffer (if you choose to have that coverage). The options for auto insurance are endless, from all the 800#’s that advertise on TV all the way down to a carrier like Germania, who only does business in Texas. Every company offers a variety of coverage options, but how do you know what’s best for you?

Most finance companies will require you to have Comprehensive and Collision coverage. These two coverages are the “Physical Damage coverages” that will pay for hail damage, theft, hitting a pole, or damage to your car from a car accident. They have a standard deductible, which is the amount you pay out of pocket before insurance covers the rest.

You can also add Roadside assistance, Rental Car, and Medical Payment or Personal Injury Protection if you need it. Occasionally, some companies offer you discounts if you bundle with their other products, such as renters or home insurance. The different coverages you have can affect your monthly rate, so it’s important to make sure your insurance company covers what you need.

Savings

Sometimes you can get a discount for having a renters or home policy with the same carrier that has your auto. You can also participate in a Telematics Program where the carrier can reward you for safe driving habits. Taking defensive driving courses as well as clean driving history often results in lower rates.

Coverage

Besides comprehensive and collision, policies may also cover:

  • Liability – covers physical damage that occurs to another vehicle or bodily injury to another person
  • Medical Payments/Personal Injury Protection – covers medical expenses for both driver and passengers
  • Uninsured/Underinsured Motorist Bodily Injury – in the event you are in an accident with an uninsured driver or one whose insurance does not adequately cover the cost
  • Rental Reimbursement- Reimburses for the cost of a rental when your vehicle is unable to drive during repair or replacement
  • Roadside Assistance – covers emergency assistance like vehicle lockout, running out of car or towing a vehicle

Figuring out what services you need will keep your vehicle protected is not only detrimental in the event a situation occurs, but mandatory in order to drive. Without the necessary coverage, most insurance will not cover events that have occurred before the coverage was obtained, and you could be responsible for the costly repair or medical expenses.

There are many resources that allow you to compare companies, coverages and services, but Trusted Insurance Partners LLC is the ultimate resource to do all the hard work for you. We’ll make sure to compare over 40 insurance carriers to ensure that you’re walking away with the best coverage at the lowest price.
But don’t just take our word for it – fill out our Contact Us form here, or contact us at 469-656-8477 for more information on how to save!