How Affordable Liability Insurance for Car Owners Can Save You
Affordable liability insurance is a great way to save money, but that is not the only benefit you can get from affordable liability insurance. As a matter of fact, there are a lot of benefits that you can find with this type of auto insurance. Learn how affordable liability insurance can help you save.
What Type of Auto Insurance Is Liability Insurance?
You may have heard the term affordable liability insurance and have not fully understood what that means. Liability insurance coverage is the most basic coverage you can legally get to register your vehicle. Most states set a “must have” limit on coverage to be able to register a vehicle and get license tags.
Liability insurance protects you from being personally liable for any damage that is incurred in a motor vehicle accident that results in claims for injuries or property damage. It covers the legal cost of an accident and what needs to be paid out.
This type of insurance provides protection for drivers that have harmed someone else via an auto accident. The coverage limits depend on what plan you choose.
How Do I Get Legal Assistance?
If you live in an “at fault” state and you are found “at fault” for a car accident, it’s important that you have reliable lawyers to represent you. Affordable liability insurance comes with this type of legal protection. The insurance company has lawyers that will represent you in the accident proceedings.
This type of legal assistance is only available to you for specific accident circumstances. If there are criminal charges that are filed against you, they may be covered, but it largely depends on the circumstances. In most cases, you’ll need an attorney to fight criminal charges that are separate from the insurance company’s assigned lawyer.
Affordable liability insurance usually does not cover bail bonding costs. For example, if you are arrested at the scene of an accident, your insurance coverage won’t pay for the bail bond to get you released from jail. There are no exceptions to this practice.
If you have affordable liability insurance, you should not expect that the legal coverage will extend to help with federal cases except in these unique cases. If you are involved in a car accident on a military installation, then the legal complications of that case will be supported by the attorney your insurance company hires. If you are charged with a crime at the scene of an accident that winds up in federal court, you are not likely going to be extended with this type of coverage.
Basically, if you are in a car accident that results in a claim for property damage or injuries, the insurance company attorney will handle the process. If you are charged with a crime at the scene of the accident the insurance company attorney is not likely to represent you in that part of the case.
How Do I Get Specialty Repair Help?
Affordable liability insurance will cover specialty car repairs like BMW repairs as long as they are within the coverage limit. We briefly touched on the limits of liability. When you secure affordable liability coverage, you will have options to choose from. You will have the basic option, which is the minimum coverage that your state requires, and then you will have options for higher limits of coverage.
For example, in North Carolina the minimum coverage you can have is $30,000/$60,000/$25,000. This means that there is a cap for bodily injury of $30,000 and a cap of $60,000 for bodily injury per accident. It also means that there is a cap of $25,000 for property damage per accident. If you are involved in a car accident with a
kawasaki vehicle and the repair damages are $24,999, then your insurance will cover the cost of the specialty repairs. If it goes over that limit, then the insurance will only cover up to $24,999, the rest will come out of your pocket.
In most cases, unless the vehicle is a total loss, you are never going to come close to those limits. Even if the vehicle has to go to the transmission repair shop, or body shop, and have a new engine put in, it would be very difficult to breach those limits with repairs. Additionally, as the repair costs start to pile up, the insurance company is more likely to write the vehicle off as a total loss.
How Can I Get My Different Car Components Fixed?
Affordable liability insurance does not deny coverage for things like aluminum components or other components unless they are aftermarket items that are not well documented. For example, you hit a car that has a homemade tail fin that is damaged in the wreck. Since there is no paperwork outlining the cost of the accessory, it can be very difficult to put a value on the accessory, which can make it difficult for the adjuster to pay out.
In most cases, the insurance carrier will cover the replacement of a carbon bearing bush and other parts. It is a clear benefit that the insurance company will pay for the replacement of parts. When you consider that you can find affordable liability insurance for less than $100 and most car parts cost more than that, affordable liability insurance is quite the deal.
Liability insurance will cover the costs of broken windows and doors and other parts. Bumpers, side panels, and other body parts are also covered. Affordable liability insurance ensures that a wide range of property damage is covered.
Do I Legally Need Insurance?
Affordable liability insurance will ensure that you are following the laws in your state. If you don’t have auto insurance, your auto registration will be revoked. Of course, if you get pulled over you will also receive a ticket that can result in fines, and you may get your license revoked.
Each state has different laws that cover motor vehicle rules. Become familiar with your state’s rules and understand what you need to do as far as insurance is concerned to ensure that you are staying within the regulations. It’s important that you educate yourself.
Affordable liability insurance will provide you with peace of mind. Knowing that you are covered when you are driving will let you relax when you’re driving.
How Do You Choose Affordable Liability Insurance?
The best way to find the right auto insurance is to do some comparisons. Finding quotes is easy. There are plenty of online sources where you can request an insurance quote. You will need the year, make and model of your vehicle. You’ll also need your drivers license, social security number, and information about other drivers in your household.
In some states, regardless of whether a family member is going to drive your car you’ll still have to list them on the application. In some cases, a family member’s driving record can drive up your costs but you still have to list them if it’s required in your state.
Once you have all the information gathered, you can use one search engine to input all your information, and you’ll get a bunch of quotes back to evaluate. Compare plans side by side to find the best deal.
What Can Affect the Cost of Affordable Liability Insurance?
There are several things that can affect the cost of affordable liability insurance. One of the biggest influences on the cost of your auto insurance is your driving record. If you have a good driving record, then your premiums will be lower. If you have had some driving problems like moving violations for speeding or going through a red light, you can expect your premium to be higher.
In cases of a DUI conviction, that will drive your premium way up. In some cases, you can have a good driving record but if you are not an experienced driver you likely will have to pay more for your auto insurance. The good news is as you become more experienced your costs will go down.
Other factors that will affect how much you pay for affordable liability insurance include the make and model of the car you are driving. If you are driving a sports car your quotes will likely be higher for auto insurance. Some insiders even say the color of your car can change costs. There was a rumor a few years ago that red cars cost more to insure. No one from the insurance industry ever denied that rumor nor did they affirm the rumor.
The insurance carriers use a matrix of risk to figure out how much an insurance policy should cost you. Things like your driving record, whether you have ever been in an accident, your age, whether you are married or not, and if you own your home can all influence your quote for insurance. Insurance companies are all about risk management and they put a lot of research into who is a good risk and who is not.
Where you keep your car will also play a role in how much you will pay for affordable liability insurance. If your car is garage kept then the cost will be lower. Your zip code can also play a role in how much your auto insurance is going to cost. For example, if you live in an urban area, you will likely pay more for auto insurance.
There are a lot of factors that influence the cost of insurance. Additionally, the cost of insurance can vary greatly from one carrier to another which is why comparing quotes is essential to saving.
How Can You Save Even More On Auto Insurance?
Now that you know all the ways that affordable liability insurance can save you on costs and trouble, the next step is to learn how you can save even more with this type of insurance. There are often hidden discounts when it comes to auto insurance that many people are not aware of. For example, if you own your own home, you may be able to get a homeowner’s discount.
If you belong to a sorority, fraternity, civic club, or work in a specific profession you may also be able to take advantage of significant discounts. Many groups partner with insurance carriers so that their members can get discounts. Check with the organizations that you belong to for any insurance discounts.
Many insurance carriers offer discounts to military members, military retirees, first responders, teachers, and other professional groups. It can be well-worth your time to find insurance companies that offer these types of discounts.
If you don’t belong to a professional group that is represented, don’t give up, there are other ways to earn auto insurance discounts. Most insurance carriers will offer discounts to drivers that take a driver safety course. For example, a defensive driving course for a new driver can earn a 10% discount on an insurance policy.
In many cases, it is better to go through an insurance agent that can do the leg work for you. They don’t charge for their services, and they can pull down many quotes and use specific parameters to find better discounts. Insurance agents work with a wide range of carriers and have the experience to know where to find the best deals.
Affordable liability insurance has many benefits but what if you could get even more coverage for the same price? Rolling in all the discounts that you are eligible for may put you in a position where you can get more coverage for the same cost. Consider working with an agent to find auto insurance coverage that fits nicely into your budget and that comes with all the coverage you need.