How Much Auto Coverage Should I Consider?
Auto Insurance only provides coverage up to policy limits — beyond that, you’re personally responsible for damages related to any accident you cause. This is a key consideration, especially if you have assets you want to protect.
Here are a few factors to consider — and some things to keep in mind — as you choose auto coverage limits:
Third-party liability coverage: Your assets and income
Third-party liability coverage pays damages you cause to others in a covered loss — up to the policy’s limits. When selecting those limits, it’s important to know the value of assets you want to protect. Add up the value of everything you own: your primary and vacation homes, savings and investments, cars and recreational vehicles, and any collectibles. Ideally, choose liability limits that are high enough to protect the total value of these assets.
Comprehensive and collision coverage: The value of your vehicles
If your car were damaged or totaled, would you have the financial resources to pay the costs of repair or replacement out of your own pocket? If not, consider taking out comprehensive and collision coverage. If you lease or finance your vehicle, your lender may require these coverages.
Our Auto Insurance Has You Covered:
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One Household, One Policy For All Vehicles.
This means that your Auto policies are captured in one easy-to-read bill, so you don’t have to worry about different effective dates, renewals or multiple bills. Or you can split up the bill so everyone can pay their own way.
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Uninsured/Underinsured Motorists.
Coverage that protects you financially if you’re in an accident with someone who’s at fault and either has no insurance.
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Bodily Injury And Property Damage.
This covers your legal liability for a covered accident that involves injury to another person or damage to someone’s property, up to the limit of liability you select.
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Rental Reimbursement.
If you rent a car after you have a covered loss on your automobile, we can put $50 a day back in your pocket for up to $1000.
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Medical Payments.
Hopefully never needed, but always important with auto insurance, this coverage pays for the necessary medical care you receive as a result of an auto accident.
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Towing And Roadside Service.
If your car needs towing or assistance on the road, we will cover the cost for you. This covers you for each disablement on a covered vehicle subject to a maximum limit per policy.
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Residual Debt (GAP) Coverage.
This will pay the difference between what you owe on your vehicle and what your insurance pays, if your vehicle is declared a total loss after an accident or is stolen and not recovered, minus your comprehensive or collision deductible.
