Car Insurance Companies

Nobody deliberately sets out to overpay their car insurance, but if you have the minimum deductible for collision and comprehensive, that's what you're doing. The money you save on your premium will more than offset your higher out-of-pocket costs. So when asking the car insurance companies for quotes, it's recommended to have a $500 or $1000 deductible.

One area of your coverage you shouldn't scrimp on, is liability. If you're in an accident that you cause, it will pay the expenses of those you injury and for damage to their cars or other property. The quotes you get from car insurance companies should have a minimum of $50,000 property liability and $100,000 per person bodily liability.

Medical coverage is often required by state law but even if it's not, you might want to carry a minimal amount. If you have an adequate health plan, car insurance medical will probably just duplicate your coverage, so you don't need it for yourself. But the medical coverage that car insurance companies provide also covers your passengers. So you might want to include a small amount of coverage for them.

Car insurance companies provide for accidents caused by drivers with inadequate insurance through uninsured or underinsured driver protection. It covers the bills of you and your passengers that aren't paid by the other driver's insurance. Experts think you ought to have a minimum of $50,000 of this coverage.