Choosing The Right Auto Insurance
Buying The Right Kind Of Insurance For You And Your Family Can Be Difficult
Choosing the right insurance company and plan can be difficult, especially with all the companies out there advertising that they have the lowest and best rates available. Most people are concerned with purchasing coverage to protect others, in case they cause someone else's injury, called liability coverage. This is extremely important and you should always opt for the highest policy that you can afford to protect your own personal assets.
If you have few assets, your liability coverage doesn't need to be high. We recommend that you have at least $300,000 or $500,000 in a liability policy together with an umbrella policy on top of that. If you have significant assets, get high liability limits to protect yourself if you are in an accident and cause someone else severe injury. This protects you from being chased down for your personal assets in case your insurance doesn't cover their medical expenses.
Here are 4 simple steps to choosing the right auto insurance provider:
- Assess your insurance needs. Determine how many vehicles will need coverage and bundle that policy with homeowner's or renter's insurance, if you can. It will save you money in the long run.
- Figure out how you want to interact with your insurance provider. Depending on your needs, decide if a local company, a national company with local branches, an independent insurance agent, or a direct from insurance company would be the best fit for you.
- One you decide on that, compare three competitive quotes.
- Finally, check the financial strength of carriers at reporting agencies like Standard and Poor's and check the company's license status with your state's Department of Insurance.
If you or someone you love has been injured in a car accident by someone who has a small insurance policy or no insurance at all, then you may have to cover the steep medical bills associated with your injuries. Yes, it is illegal to go without auto insurance, but a lot of people do it. If they aren't going to cover the expenses, make sure that your insurance company does.
At minimum, we recommend that you have at least a $500,000 uninsured motorist policy. That means that if someone with a $15,000 policy hits you and you have a $500,000 policy, the State of California will give you the difference of $485,000 or even the entire amount of $515,000.
Though, insurance companies will go to extreme lengths to protect themselves from being squeezed out of money. The process to get these funds can be long and tedious, especially when you are dealing with your own injuries. The San Diego auto accident attorneys at the Jurewitz Law Group will work to get you the money you need to cover your medical costs and lost wages. Call our personal injury office at (888) 233-5020 to set up a free consultation.
Call the Jurewitz Law Group at (619) 233-5020 and begin your path to recovery with a no-cost consultation today.