Losing a little of your coverage – as extensive or collision – to the lowest legal level can reduce your premium, but it can also put you at serious risk.
auto insurance is designed to provide you with a level of protection against property, liability and medical expenses if you are involved in an accident.
- Property Protection pays for damage to or theft of your car.  Liability Insurance pays for your legal liability to others for bodily injury or material damage.
- Medical coverage pays the costs of treating injuries, rehabilitation and sometimes lost wages and funeral costs.
- Insured motorists coverage pays for property damage and bodily injury caused by another driver whose coverage is insufficient to cover damaged injuries.
Choosing the right liability limits is fundamental. 100/300/50 means that you are covered for up to $ 100,000 in bodily injury coverage per person, $ 300,000 in bodily injury coverage per accident and $ 50,000 in property damage per accident.
Many states have the lowest liability limits on 25/50/10, although some states are higher or lower than this. While it may lower your premium, you can reduce your liability limits to the lowest legal levels and lose substantial insurance coverage for you at significant risk.
Your policy does not pay for repairs that exceed your vehicle's value. For this reason, if you drive a vehicle that is not worth more than a few thousand dollars, it may not make sense to buy collision coverage. Contact CoverLink insurance and we will help you determine if collision insurance is meaningful to you.
The best ways to save on your Auto Premium:
Consider increasing your deductible.
Continue your best driving record.
Drive less to qualify for low mileage.
Drive a car with safety features such as lock brakes and airbags.
Install an anti-theft device.
Ask about our discounts on several policies.
Accidents also happen to cautious drivers, and having adequate insurance can save you from serious financial burdens should one happen to you.
We can help you determine what car insurance cover is needed and what limits to buy. Contact CoverLink Insurance to discuss your options.