Auto Insurance Rate Quote

Collision and comprehensive coverage usually represents 50% or more of the cost of a typical auto insurance policy. And to get a low auto insurance rate quote it's necessary to have a deductible of $500 or more. With the average for major accidents about once in ten years, a high deductible makes sense. In fact, if your car is old, with little value left, it's reasonable to drop the coverage.

When you get an auto insurance rate quote, it should definitely include property and bodily liability coverage. To adequately pay for property you damage in an accident, it's suggested you get at least $50,000 of property liability. And for dealing with the injuries you cause, $100,000 per person in bodily liability is recommended. Since bodily liability also pays for your legal costs when in a lawsuit, if you have substantial assets, you should consider either higher coverage or a separate umbrella policy.

For handling the medical treatment of you and your passengers after an accident, there's the medical payments part of your policy. However, if you have health insurance, chances are the coverage is similar. So when you get an auto insurance rate quote and you have duplicate coverage, you can either carry a small amount as protection for your passengers or drop it where state law allows.

When you're involved in an accident caused a another driver, uninsured or underinsured driver protection covers bills unpaid by the other driver's insurance. It's recommended when you get an auto insurance rate quote to ask for at least $50,000 of this coverage.