Part of being a responsible driver is having an auto insurance policy that covers you in the event of a vehicle accident, regardless of who’s at fault. While we often try to find an insurance coverage plan that is cost effective, cutting corners on policies can hurt us in the grand scheme of things. Don’t let premiums decide your coverage.
At CoverHound, we provide motorists with the best auto insurance quotes and coverages insurance agencies have to offer. Get the coverage you need at the price you can afford by checking out more below.
To many people, auto insurance plans steal their hard-earned money. Paying a monthly premium for “What-if” scenarios seems like a poor way to invest a fraction of an income that is supposed to be put towards other living expenses, like rent, electricity, internet, groceries, and even cable. When we think insurance agencies are taking advantage of us, we refuse to believe that there are auto insurance policies out there that serve us when we need it. One way to avoid being taken advantage is finding the best auto insurance quotes you can find.
Every state across the nation requires drivers to carry some form of auto insurance. Even though having auto insurance is required by law, the minimum auto insurance coverage plans that states set do not necessarily cover the insured in an accident. Many people take their state’s minimum auto insurance requirements to mean that in the circumstance of an accident, the minimum coverage plan will protect them, this is in fact not true at all, and going with the bare minimum can cost you hundreds of thousands of dollars more than the $54 monthly premium you thought was too expensive.
Despite all 50 states requiring motorists to carry by law some form of auto insurance, according to the Insurance Information Institute (III), as of 2012, 12.6 percent of motorists nationwide were uninsured. This is a significant percentage when you consider the number of drivers on the road. The Federal Highway Administration reports that as of 2010, there were 210 million motorists driving along United States highways. If one of these uninsured drivers hits you and you only have the barest of auto insurance plans, the money you thought you were saving will now not just be spent on vehicle repairs and your medical bills, but you are financially in the hole.
Trying to cut costs on your auto insurance premium doesn’t save you money. According to the Rocky Mountain Insurance Information Association (RMIIA), the average collision claim in 2013 was $3,144. If you are the motorist at fault in a collision, and all you have is an auto liability insurance plan (a coverage plan that protects only the driver and accompanying passengers you collided with) you are in for a world of pain. Auto liability insurance, the barest of auto insurance plans does not help you pay for any of your own vehicle damage or medical costs. The RMIIA reports that there were 5,687,000 police-reported traffic accidents with 1,591,000 of those reports resulting in serious bodily injury, and another 4,066,000 resulting in property damage. With these numbers, not only should you be willing to pay for higher insurance premiums, you should feel safe knowing that you saved yourself from being another statistic.
CoverHound delivers the best auto insurance quotes insurance agencies have to offer. Get protected today by shopping on our full service insurance platform.