When you’re taking out an insurance policy, one of the most important things to do is choose the best coverage for your car.
However, with so many different options available, how can you ensure the coverage you choose is right?
This is why we’ve put together these five essential steps, which will help you decide what coverage your car needs, and make sure your policy is the perfect fit for you.
Read on to find out more.
- Choose the right insurance provider
If you want to get the best coverage for your car, the first place to start is choosing the right insurance provider.
Every insurer will offer different types of coverage for various premium costs, so it’s important to make sure your chosen provider is meeting your needs as a driver.
This means they don’t only give you the specific coverage you require, but they also do so with competitive prices for your premiums, which are both accurate and reflective of your safety as a driver.
You also want an expert provider who gives you a smooth claims process. If you cover your cars with insurance at Lemonade Car, for example, you can easily file claims on their app, with super-fast claims resolution.
With the right insurance provider, you’ll not only have the best coverage but the easiest way of claiming it.
- Ensure you meet your state’s legal requirement
Another crucial step for getting the right coverage for your car is to ensure you meet your state’s legal requirements.
Every car needs a minimum form of coverage in order to be road legal, so if you want to drive your car, you need to make sure you at least have this form of coverage on your policy.
You’ll need to check your state’s specific requirements, but the legal minimum is usually liability coverage. This comes in two forms – bodily injury liability and property damage liability coverage.
This type of coverage will help cover any damages to someone else, should you cause harm with a collision, for example. Bodily injury liability will cover their medical bills for any injuries, and property damage liability will help cover the cost to repair or replace damage to their car/house, etc.
- Think of how likely you are to have an accident
You should also consider how likely you are to have an accident, as this can help determine the type of coverage that would be best for you.
For instance, if you’re a very nervous driver who is often having small bumps or scrapes with other cars or properties, you should ensure you have something like collision coverage.
If, however, you feel you’re a very safe and experienced driver, you can opt for something like a comprehensive cover, which covers damages for any events which are seen to be out of your control – uprooted trees or animal accidents, for example.
- Look for extra forms of coverage
It’s also important to look for any extra forms of coverage offered by your insurer, as these can be highly beneficial.
An example of this could be temporary transportation coverage, which covers the cost of any transportation you need to take whilst your car is in the repair shop. This could be Lyfts or train journeys, for instance.
These extra coverages offered by the right provider can make a huge difference when you find yourself in certain scenarios.
- Assess how valuable your car is
Another key factor to consider when choosing the best car coverage is how valuable your car is.
This can be valued in its cost, i.e., the more expensive your car is, the more you might want to cover it for a range of damages.
It can also be valued in how it’s used in your day to day. If you drive this car very often, and it’s essential for your regular journeys, you’ll want to make sure it’s covered and protected for any situations which could arise.