Automobile Insurance Rates

For accidents in which you're at fault, there's liability coverage. Damage you cause to another car or other property is covered by property liability. To cover the medical expenses of the others involved in an accident and to pay your legal costs if sued, there's bodily liability. Experts will tell you, when you compare automobile insurance rates, get a minimum of $50,000 for property and $100,000 per person for bodily liability.

A second part of an auto insurance policy is the medical coverage for you and your passengers. One way to keep your automobile insurance rates low is to reduce or eliminate this coverage when you can. If you have a strong health plan, the coverage is probably similar. And if so, except for keeping some protection for your passengers or if it's required by law, you can drop this coverage.

Uninsured or underinsured driver coverage is for accidents caused by another driver. If the other driver has little or no insurance, this protection pays for what his insurance doesn't. It's suggested, when getting your quotes for automobile insurance rates, you ask for at least $50,000 of this coverage.

Collision coverage pays to repair or replace your car if you're in an accident. And comprehensive pays for damage or loss from all other causes. You can keep your automobile insurance rates low by getting a deductible of $500 or more. Or if your car is no longer worth more than a few thousand dollars, you should consider dropping this coverage.