Safeco Auto Insurance Article

Auto Insurance - 4 Steps to Buy an Auto Insurance
By Lerry Paul

If you've ever gone out to buy an auto insurance policy you're all too familiar with the fact that trying to read the details about your policy can be like trying to translate Greek-without a dictionary. Many online auto insurance companies use so much legal-ese that the average reader needs a lawyer to translate their policy agreement, and it's often hit or miss as to whether or not your auto policy is really going to provide the coverage that YOU NEED if you wind up in an accident.

So how do you know whether or not your auto insurance policy is sufficient? More importantly, what do you need to know before you go out and BUY an auto insurance policy to make sure you don't find yourself on the short end of the stick when filing a claim?

  1. Know your state's minimum insurance requirements. Every state has a different set of requirements for drivers when it comes to auto insurance, and it's vitally important that your policy be able to meet these requirements. If you aren't familiar with the regulations of your individual state you can find them by asking your local DMV representative or visiting an online insurance resource
  2. Know what your insurance requirements mean. When reviewing your insurance requirements you're going to find that most states require their drivers to have coverage for both property damage (damage to another vehicle or public or private property in the event of an accident) and bodily injury coverage (the medical expenses incurred by the occupants of the other vehicle or passers-by who may have been injured in an accident that you were responsible for). You will also have the option to carry collision insurance, which will pay for damage to your own vehicle in an accident, and comprehensive, which will pay if your vehicle is damaged by an "Act of God" such as a hurricane or flood.
  3. Know that a minimum requirement is precisely that-a minimum. Consider when choosing the upper limits of your auto insurance policy how much you will be able to afford to pay if you are in an accident. If you cause the accident you will be responsible for all damages incurred, including your own. That can get very expensive, very quickly! For most people it's smarter to carry a higher level of coverage with a higher deductible than to carry the minimum and hope they'll be able to pick up the remainder.
  4. Know the value of your vehicle. If your car is only worth $800 and you aren't carrying a loan on it, you may end up paying more to carry collision insurance on your auto insurance policy than you will receive if the car has to be totaled. On the other hand, if you're driving a brand-new, $30, 000 truck that you took out a loan to purchase (a loan you will be responsible for paying whether you have a drivable vehicle or not) the extra $50 or so a month is well worth it.
  5. Before you buy an auto insurance policy, know the basic facts-and don't be afraid to ask your sales rep to explain anything you may not understand. Your auto insurance may well be the best investment you make in a month, so it is vitally important that you get the policy that's going to work for you.

Recommended Products



____________________


car insurance image 1

car insurance image 2

Related Safeco Auto Insurance Videos


Safeco Auto Insurance News




Car Insurance Bloopers from Al Boenker Insuranc

Car Insurance Bloopers from Al Boenker Insuranc

4 min


Car Insurance and Racing have a lot in common at the Al Boenker Insurance Agency of Texas 1-800-THANKS-AL and www.thanksal.com. Check out other insurance videos at www.thanksal.com Car, Home, Health, Business Insurance and more in Texas, Dallas, Fort Woth and beyond. From companies like GMAC Insurance, SAFECO, Mercury, Unitrin, AIG. For car insurance don't call anyone but a true independent agent - Al Boenker - Dalton

Read more...


Chicago Based 'Insurance Navy' Launches its Web Based Auto & Business ... - ...

26 Aug 2008 at 9:42am  Chicago, IL. Insurance Navy, www.InsuranceNavy.com , has launched its online rating portals for low cost auto insurance in the Chicago and suburban areas. Visitors can now browse the website and get instant insurance quotes for their autos from more ...

Read more...


Saturday Question - Spokane Spokesman-Review

23 Aug 2008 at 2:18pm  Get combined buildings & contents insurance from Barclays and we'll give you £50 cashback. ... The overall cost for comparison is 8.5% APR. This offer can be withdrawn at any time.

Read more...


Friday wild card - Spokane Spokesman-Review

22 Aug 2008 at 7:55pm  The big guy will be back next week, and the weekend approaches, so this will be it from me for a while. Thanks to all of you for your post suggestions - I've got a much better sense of the enormous amount of work that DFO puts in to keep this blog ...

Read more...


J.D. Power and Associates Reports: Multiple Policies Lead to Greater ... - P...

15 Aug 2008 at 5:05pm  WESTLAKE VILLAGE, Calif., Oct. 18 /PRNewswire/ -- Homeowners insurance policyholders who subscribe to at least one additional policy with their insurer tend to be more satisfied than those who only have a homeowners insurance policy, according to the ...

Read more...


WEEK IN REVIEW - Everett Herald

10 Aug 2008 at 9:33am  Published: Sunday, October 14, 2007 Watching teens at the wheel Insurance company programs provide monitors that document young drivers' habits. Associated Press CHICAGO -- When 17-year-old Anna Kinderman takes a turn too fast in her parents' sedan ...

Read more...


Business & Professional Notes, October 28 - Tyler Morning Telegraph

9 Aug 2008 at 6:45pm  Wendell Roberts was named vice president of ambulatory services for Trinity Mother Frances Health System, officials announced. Roberts received his bachelor's degree in business administration from Appalachian State University in Boone, N.C., and ...

Read more...


Safeco Auto Insurance Links

Top 5 Auto Insurance Deals
Looking for Cheap Auto Insurance? Compare and Save Money Now!
www.Best2008Sites.com

Auto Insurance Quotes
The Top Auto Insurance Sites. Instantly Find Cheap Quotes Now!
www.mostpopular2008.com

Brillion insurance
Home-Auto-Business and much more covering North East Wisconsin
NEWinsuranceandfinancial.com

Employee Benefits
Brokerage & Consulting Retirement Plan Consulting
www.arete-partners.com

ACCEPTING NEW PATIENTS
Happy Child... Healthy Child Delaware Modern Pediatrics, PA
DelawareModernPediatrics.com

Mobile Phone
Mobile phone information from Three.