Buying Auto Insurance: Making a Well-Informed Decision

A comprehensive coverage policy for your automobile is the best surety you can have on the road. Sometimes, no matter how careful you are, another driver’s negligence can cause you and your vehicle a great deal of damage. Not everyone can afford to replace a new car. Also, if you are driving for work, then the loss of income and the bills that will come for repair and medical issues will be very high.  

An insurance policy that can protect you from theft to an act of mother nature can ensure that a simple accident doesn’t set you back financially. Of course, if the accident is clearly the other person’s fault and does cause you significant injury and/or loss of income, it is best to get the services of an experienced truck accident lawyer. They may be able to help you to deal with the situation in a way that doesn’t send your premiums through the roof.  

When it comes to buying insurance, the best way to approach it is to compare policies. Different insurance companies have different levels of support and benefits to their policies. Some may offer you a low premium but have correspondingly low claim settlements. Others may have a higher premium but offer many additional benefits like free towing and maintenance that are well worth the cost. Finding what works for you is a matter of comparing different policies and understanding what to identify as a benefit for you.              

Start Online  

Most successful insurance companies have websites that can allow you to calculate what your car insurance would cost. They do not have all the relevant parameters but they will give you a general idea of what to expect once you contact an agent with that company.  

Use these online calculators to narrow down to a shortlist of companies that have policies within your reach and with benefits that you can see yourself using. Once this is done, you can start reaching out to agents.  

Claim Ratios

Look into the claims data of each insurance company. This will tell you how likely the company is to remain friendly in the event of you filing a claim. Compare the number of claims they settle to the number of claims that are made. If the company has a low claim ratio or refuses to reveal their claims data clearly, then it is likely they reject claims or leave them outstanding to avoid settling them. You cannot trust a company that is not on your side when they are the ones offering protection to you and your vehicle.  

When to Hire a Lawyer


You should be able to identify when you need a lawyer even if your insurance has kicked in and the insurer is conducting their own investigations. This lawyer should be able to protect your interests in the event of an accident and also from any hard-line tactics your insurance company may take to distance themselves from the enormity of your accident.  

Contact a lawyer in the event that you have been involved in an accident that caused serious bodily harm or death to another person. Serious damage to another person’s property and the accidental death or serious injury of your vehicle’s occupants is also serious enough to warrant a lawyer. It is also best in situations where they may be lasting disability to another due to an accident with your vehicle. This also applies if you are the one with the risk of serious injury, disfigurement, or permanent disability due to an auto accident.  

Ask Someone

Ask someone not affiliated with the insurance company for help to understand your insurance policy. These policies are legally binding contracts and can contain language that makes it hard for a layperson to understand.   Ask this third-party neutral person to help you understand if the person/people covered by the policy are clearly stated throughout. Identify the extent of the coverage, what it includes, excludes, and if any explanation is given for ambiguous circumstances.  

You will also need to ascertain that the actual monthly premium is clearly stated and the parameters for any changes to it are listed. The steps to file a claim or loss must be clearly identified and more than one point person or contact information must be given to you.  

Pay Extra  

If you find a policy that works within your budget and gives you most of what you want, then inquire about how much extra you will need to pay to get a few additional benefits. It would be best to get everything together in one policy but as most are pretty standard documents, there may be some additional coverage that you prefer which might require negotiation to add on to your policy. Extra coverage can include zero depreciation cover, engine protection, and maintenance, medical expenses, etc.              

Most people think that once you have an insurance policy that you can simply continue it without change. But policies must be altered based on any changes to your life. If you switch jobs but have the same work vehicle, you will still need an adjustment to your policy as the materials you are transporting may cause different valuations.  

Marriage, divorce, and a new mortgage are all also reasons to get back in touch with your agent and seek alterations. An insurance policy relies heavily on your current state of life at the time you take it out. Thus, any changes to your life or lifestyle, from personal changes to income change can cause your policy to become invalid. The changes may even allow you a better policy or a lowered premium so it is worth exploring.

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