In recent months, many auto insurance companies have been diversifying the types of coverage they offer, extending pay-as-you-drive programs and other unorthodox payment systems, which allow them to offer more inexpensive policies to drivers.
As a result, drivers may be left wondering if their current insurance will be able to cover damages that may be incurred in an accident during the winter.
Making matters more confusing is the fact that most states differ on their mandatory auto insurance policies, Online Auto Insurance reports. For example, drivers in Florida are required to hold $20,000 in protection. By contrast, car owners in Maine must hold a policy of up to $127,000. While these represent extremes, they highlight the vast difference in what state governments consider adequate coverage.
While obtaining minimum levels of coverage can help consumers save money, it may not be enough to cover major accidents, the insurance website says. By paying a little more on premiums now, consumers could help ensure that if any unfortunate events occur, they have adequate protection.
Many online resources are available to help consumers compare auto insurance quotes simply by typing in their personal information. In some cases, these services may also be inexpensive or free.
In addition, consumers can get added information by providing details on their vehicle type and driving history, which can help yield a more accurate approximation of the expected cost. Many sites will also let consumers experiment with varying levels of coverage, helping them find the insurance that best fits their needs, while keeping them on top of their budgets.
One reason for the discrepancy between the states' minimum coverage levels and what may be needed for common accidents is that legislators have the ability to alter these laws, the California-based company says. Because of this, many bills aimed at increasing required limits don't see the light of day. Recently, a bill in Ohio that would have raised minimum requirements faced a similar end.
As a result, drivers may wish to consider protecting themselves with more insurance than is required by their home state. Additionally, by taking the time and effort to compare auto insurance rates on coverages, consumers may even find that they are able to increase their protection without paying more for their policies.
With many online websites, this process, which used to take hours of research, can now be conducted in half the time.
As a result, drivers may be left wondering if their current insurance will be able to cover damages that may be incurred in an accident during the winter.
Making matters more confusing is the fact that most states differ on their mandatory auto insurance policies, Online Auto Insurance reports. For example, drivers in Florida are required to hold $20,000 in protection. By contrast, car owners in Maine must hold a policy of up to $127,000. While these represent extremes, they highlight the vast difference in what state governments consider adequate coverage.
While obtaining minimum levels of coverage can help consumers save money, it may not be enough to cover major accidents, the insurance website says. By paying a little more on premiums now, consumers could help ensure that if any unfortunate events occur, they have adequate protection.
Many online resources are available to help consumers compare auto insurance quotes simply by typing in their personal information. In some cases, these services may also be inexpensive or free.
In addition, consumers can get added information by providing details on their vehicle type and driving history, which can help yield a more accurate approximation of the expected cost. Many sites will also let consumers experiment with varying levels of coverage, helping them find the insurance that best fits their needs, while keeping them on top of their budgets.
One reason for the discrepancy between the states' minimum coverage levels and what may be needed for common accidents is that legislators have the ability to alter these laws, the California-based company says. Because of this, many bills aimed at increasing required limits don't see the light of day. Recently, a bill in Ohio that would have raised minimum requirements faced a similar end.
As a result, drivers may wish to consider protecting themselves with more insurance than is required by their home state. Additionally, by taking the time and effort to compare auto insurance rates on coverages, consumers may even find that they are able to increase their protection without paying more for their policies.
With many online websites, this process, which used to take hours of research, can now be conducted in half the time.
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