For instance, a high deductible means lower monthly premiums, but you’ll have to pay more out of pocket before your policy kicks in. Raising or lowering your deductible also affects your out-of-pocket costs. Decreasing it, on the other hand, means you pay more. If you increase your deductible, you pay less a month for your policy. Altering it does have a direct impact on what you pay each month. You can also increase or decrease your deductible based on your budget and personal comfort. While it’s better to be over-insured than under-insured, you’ll want to make sure you’re not paying more than you need. You want to ensure that you have adequate coverage in the event of an accident. Some states have required minimum amounts on the required coverages, but you can increase the protection if you feel it’s necessary. Depending on where you live, certain components are required, while others are optional. ![]() Learn more about the types of auto insurance coverage and let us help you find the right coverage for your vehicle.Your auto insurance policy is a package of protections. Pays, up to your policy limit, for common roadside services if your car is disabled.Īuto insurance coverages vary from state to state. ![]() Pays, up to your policy limit minus your deductible, to repair or replace your car if overturned or damaged in a collision with another vehicle or object. This includes theft, fire, vandalism, storm, contact with animals and more. Pays, up to your policy limit minus your deductible, to repair or replace your car if damaged by something other than a collision. If you're legally responsible, pays, up to your policy limit, for damages to another person's property, such as their car, home, or fence arising out of a covered accident. If you're legally responsible, pays, up to your policy limit, for injuries or death to another person, and related costs arising out of a covered accident.
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