Car insurance is inherently tricky to navigate because you don’t find out just how well it works until you have an accident. And if you are lucky, that doesn’t happen much. So how do you know if you have the right kind of car insurance for your budget?
When purchasing auto insurance, you’ll have the chance to consider various add-ons to your policy. Generally, the more you pay upfront, the greater the coverage you will have. For example, you can go for a higher deductible in order to minimize your rates, which is probably a good move for anyone who considers themselves a safe driver and can afford the higher deductible in the event of an accident.
You might also want to consider rental coverage. Auto insurance policies often allow you to add on coverage for renting a vehicle while your car is getting fixed after an accident, and if you only have one automobile, that kind of coverage can really pay off.
On brand new and leased cars, GAP insurance can also make some good sense. You probably have heard that when you buy a new vehicle, it loses value as soon as you drive it off of the lot. Leased vehicles also often carry a lower fair market value than what you owe on the vehicle. Translated, that means in either of those cases, if you total the car, the insurance company will only compensate you for the car’s fair market value and you could be out a lot of money. GAP coverage, which stands for ‘guaranteed auto protection’, safeguards people from this situation. It is highly recommended for people who lease vehicles.
At Robinson Insurance we tailor make your auto insurance policy for you. You can be sure you have the best insurance for your lifestyle and budget. Give Robinson Insurance a call today and find out how much money we can save you on auto insurance.