Consumer Reports magazine recommends that car owners buy the best auto insurance they can afford. But what makes one car insurance policy better than other? When it comes to car insurance, a higher price does not mean a better policy. In fact, you may be paying twice as much as your neighbor for the same coverage. The best way to find cheap car insurance is to compare quotes online; that way you can compare apples to apples to get the best deal.
It helps to know what coverage you must have and what coverage is optional. You must have bodily injury liability insurance, which covers the medical and legal expenses of victims of an accident that is your fault. You should have coverage that will pay at least $100,000 per person and $300,000 per accident. If you have considerable assets, you may want to increase the liability coverage.
Property damage coverage pays to repair or replace another person’s vehicle or property that you damage. Requirements vary by state, typically ranging from $10,000 to $25,000. You can better protect your assets by having coverage of $100,000 or more. Continue reading ‘For Cheap Car Insurance Compare Rates Online’ »