4 Things To Do Before Purchasing An Auto Insurance Policy

Deciding on an auto insurance policy is a big deal. While it's true that you can always switch policies or coverage at any time, you also never know when you could get into an accident or otherwise need to file a claim. This is why it's so important to choose the right policy for your needs. By taking the time to do a few simple things before you purchase a policy, you can enjoy added confidence behind the wheel.

Check Your State Minimums

Each state differs in its specific requirements for minimum coverage--so if you're planning on purchasing state-minimum insurance, make sure you're being quoted for the right amount of personal injury liability, property damage, and underinsured/uninsured motorist protection. Also, keep in mind that if your vehicle was financed and you're still making payments, your auto lender will likely require that you carry full-coverage insurance that includes comprehensive and collision protection.

Review the Deductible

You'll also want to make sure you're comfortable with the deductible for which you're being quoted. A higher deductible will mean lower monthly payments--which may be tempting, but keep in mind that you'll likely need to pay your full deductible out of pocket if you're in an accident or need to file a claim. It may be worth it to spend a little more each month to secure a lower deductible, but it all depends on how you budget.

Find Out When/If Discounts Expire

More than likely, some discounts have been applied to the quote you're considering. This is great, but you'll want to ask for a full list of those discounts and find out whether or not they'll expire. Some insurance carriers, for example, offer a new-customer discount that will expire after your first policy premium ends. You'll want to be aware of this so you can budget accordingly.

Inquire About the Claims Process

Don't enter into an insurance policy without having a solid understanding of how the claims process works. Insurance companies can vary a bit here. Some may allow you to start a claim online, whereas others may require you to call your agent directly. Make sure you're familiar and comfortable with the steps you'll need to take to file and process a claim with your insurance company.

By following these small steps, you'll be able to decide on an auto insurance policy and carrier that best suits your unique needs and budget. From there, you can buy with confidence! Reach out to an auto insurance agency such as Budget Insurance Offices Inc to learn more.

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