Have you ever wondered why there is such a discrepancy between the rates and coverage various insurance companies advertise? Many of them boast about simplified coverage options with “name your own price” premiums. However, these cookie-cutter insurance options often ration your coverage in order to provide a low-ball quote on premiums. At first glance, these out-of-the-box policies may seem like the best car insurance available. After all, the coverage is legally compliant and budget-friendly. The truth is that cut-rate car insurance could leave you high and dry if you find yourself liable for a car accident.
At Glass Insurance Center, we are more than insurance agents; we are risk advisors who are committed to bringing you customized insurance options that fit your needs. We ask all of the right questions in an effort to provide the most personalized service and minimize gaps in coverage. Before providing you with a final quote, we will always discuss the details that could affect your liability risk and insurance needs. Examples of questions we may ask include:
Do you own a business?
Do you have a lot of assets to protect?
When was the last time you had a wreck or received a traffic citation?
What kind of car do you drive?
How old is your vehicle?
How many miles do you drive per week?
Where do you park your vehicle at night?
When You Don’t Have Enough Car Insurance
Here in Wisconsin, state mandated car insurance coverage starts at $10,000 for property damage liability and $30,000 per person for bodily injury, with a maximum of $60,000 per accident. However, since these numbers barely scratch the surface of many medical bills and car repair expenses, nearly everyone could benefit from a more comprehensive policy. However, the amount you need could depend on what you need to protect. For example, if you have a lot of assets, such as a six-figure bank account or a million dollar home, a lawsuit could force you to tap your resources if a judgment and court fees exceed the limits on your car insurance liability policy. With a one-size-fits-all policy, that could translate to thousands of dollars out of pocket.
Instead, talk with your agent about the following types of insurance protection and if they are right for you:
- Liability
- Collision
- Comprehensive
- Uninsured/Underinsured Motorist
- Personal Injury Protection
- Medical Bills Payments
- Towing/Roadside Assistance
When You Pay Too Much Car for Insurance
Even well-meaning insurance companies can charge you too much for car insurance if you choose a cookie-cutter policy. This is especially true if you qualify for certain discounts, such as safe driver discounts, bundling discounts, and good student discounts for the teenage drivers in your house, but don’t receive them. Without a personal conversation with your agent, you might also miss out on the lower rates offered to leisure drivers who drive only a few thousand miles or less each year.
Consult with an Independent Agent for the Best Car Insurance
In the age of computers, nearly everyone searches online for the products and services they need. Though nearly anyone can purchase car insurance online, a computer and algorithm can never replace the one-on-one service and assistance that comes from working with an independent agent. If you want to find the best car insurance for you, talk with an agent who will work on your behalf to find multiple quotes from several of the leading insurers in your state.
