Cheap Auto Insurance Rates

Liability coverage is required in most states because it's so important. Property liability covers the damage you do to property in an accident when it's your fault. For adequate protection, even for cheap auto insurance rates, you should have at least $50,000 coverage. Bodily liability handles the injuries you cause others and also pays the expenses for your defense in a lawsuit. $100,000 per person is the recommended minimum for bodily liability.

Although not as important as liability, uninsured or underinsured driver coverage is good protection to have. It deals with your costs that are unpaid by the insurance of a driver who causes an accident with you. Like liability, you can get a lot of protection and still have cheap auto insurance rates. It's recommended you have at least $50,000 of this coverage.

If your car is damaged in an accident, it can be repaired under collision coverage. And if it's damaged or lost in some other way, comprehensive coverage can handle it. Both have a deductible which represents your out-of-pocket costs for an accident. The higher your deductible, the more you'll save on your premium. It's smart to get the largest you can afford, $500 or more.

Medical coverage in an auto insurance policy pays for treating the injuries of you and your passengers. But if you have a health plan, the coverage is similar and so you can drop the duplicate coverage for your auto policy. If you want to carry a small amount of medical coverage to protect your passengers, it won't increase cheap auto insurance rates much.