Today, almost all the states require that you have auto insurance. Therefore, it is not the question should not be whether you want it, but what you want your policy to cover. Indeed there are many decisions to this and many solutions. However, they do not have to be difficult ones to make and that can happen if you know what you are looking for. Once you know what you want, it will become much easier for you to find a company that can give you that for the lowest price.
Deciding What You Want
You have to decide what all your personal needs are. This will cater to teenager in the house who also drives and he or she needs to be covered as well. You need to ensure the policy will cover everything on the list.
You need to decide how much liability coverage you want. There are two parts to liability coverage. These include bodily injury and property damage to the other person. As liability insurance is the main reason to get insured in the first place, it is recommended that insurers insure themselves much above the minimum requirement of the state. It is a good idea to do like this in such an area as high as you feel. This is because if you are unable to pay all the damage costs, you can have your assets pay for it. With this, you will just be in mounds of debt. You could get lucky. It is possible that they would have insurance for the under insured and maybe their attorney wouldn't go after you, but don't count on it.
One should assess the value of one's car first. This has to be done before deciding on collision insurance. If your car is old and on its last leg or if it is new, and how much you would be paying if something happens is for you to decide. If your car was totaled, would you rather pay out of pocket or go to an insurance company or buy a new car ? You should only get collision coverage only if you feel a need to keep your car and repairs away from an event which could prove to be much more than staying insured. It is also crucial to note that collision insurance will insure no matter who is at fault.
Types of coverage
Comprehensive auto insurance means exactly what is means. It is all comprehensive and this includes just about everything else that could go wrong having a car. For instance, if your AC broke, it could cover repairs for that. If your car got stolen it would cover for that as well. It will also cover for extended medical expenses of anyone injured in the accident. It will also cover for salary lost during that time, and funeral expenses. If any of these coverages are important to you, then you should get the comprehensive coverage plan.