Depending on which state you live in, having car insurance might be optional or mandatory. Regardless of the laws, it is a good idea to protect yourself by having coverage on your vehicle. You never know when a storm might cause damage, your vehicle might get vandalized, or you are involved in an accident.
It can be tricky shopping around for the best car insurance because you will find you aren’t always comparing apples to apples. While one car insurance plan may offer you a lower premium, it may have a higher deductible or offer a lower payout when you file a claim.
Before you start shopping around, find out the laws in your state. If you are required to carry vehicle insurance, find out the details of the minimum coverage that is required. Next you need to decide on the deductible you are willing to pay. This is the amount you will be responsible for each time you file a claim before the insurance company will pay anything.
You will also have to decide if you want to get full coverage or liability insurance coverage. Most of the time you will need to have full coverage insurance if you have a loan out with the vehicle as collateral. With liability coverage only, your premium will be lower but you will only be covered if you are liable for the accident. Should the other party be at fault or your car gets vandalized your insurance plan won’t cover it.
If you already have insurance with a particular agency for your home, start by getting a quote from them. Most insurance companies will offer you a discount if you have more than one type of policy with them. They can even combine the payments together for one easy monthly payment.