Getting the policy that best protects your family is a matter of understanding the basics of automobile insurance, defining your needs, and researching your options. Here is a checklist that will help you cover all the bases, whether you are renewing an existing policy or are taking out a new one.
|If you are in the market for a new car, consider buying one that “looks good” to|
insurance companies because it has few safety problems.
|Research auto insurance laws in your state to find out minimum requirements.|
|Weigh your own needs and preferences, and those of other drivers who will be|
insured on your policy.
|Check other kinds of insurance policies you carry to see if they provide benefits that|
may overlap your auto insurance.
|Verify information about your driving record with your state’s Department of Motor|
|When you know what you need, shop around for quotes from several companies.|
|Check your state Department of Insurance for consumer complaints about companies|
you are considering.
|Ask for discounts that may apply for a good driving record, driver safety classes, or|
safety devices in your vehicle.
|Make decisions about the amount of liability, collision, comprehensive, medical coverage, and uninsured motorist coverage that is affordable and best protects your family.|
|Weigh the pros and cons of “stacked” and “unstacked” uninsured motorist coverage|
to determine which gives you broader coverage.
|Decide whether it makes sense to choose a high deductible in return for lower premiums.|
|Think about eliminating collision and/or comprehensive insurance coverage if your|
car’s value is low.
|Consider an “umbrella” policy that could protect your assets beyond the limits of your|
primary auto insurance policy provisions.
Your own questions and notes: