How to save money by revving up your coverage
Every 12 minutes, someone dies in an auto accident. Accidents that don’t result in death happen even more often. Even if no one is injured or killed, accidents still cost time, money and inconvenience — and they affect insurance costs for everyone. That’s why I want to give you some questions to consider when it comes to accidents and insurance:
- What will my Auto insurance pay for? It depends on the coverage you select. Let’s say you carry our state’s minimum Liability insurance requirement (for bodily injury and property damage claims by the other party if you’re at fault). This coverage wouldn’t cover your injuries and damage to your vehicle. One-third of the drivers on the roads are uninsured, so it’s important for us to review the range of coverage you have and identify costly gaps.
- Why isn’t the minimum coverage enough? Let’s say you purchase only the minimum Liability coverage required by our state, and then you’re involved in a serious accident and are sued. It could happen:One in four vehicle accidents results in bodily injury claims, and jury awards in auto liability cases have skyrocketed in recent years. What you “saved” by having lower coverage could end up costing you big bucks.
- How can I lower my Auto insurance costs? We can explore several options. For example, if you can afford a higher deductible, this might reduce your premium. Let’s also see if you qualify for a discount — for example, if you insure multiple vehicles or both your home and vehicles with Farmers. No one offers more discounts than Farmers.
Let’s conduct a Farmers Friendly Review so I can answer your coverage questions in more detail and help you prepare for the unexpected on our roadways.
