If you’re making car payments, chances are the lender will require the vehicle to have comprehensive and collision coverage.

The deductible determines how much you pay out-of-pocket after a covered loss. So, if you’re looking to save money, consider increasing your deductible, which will lower your auto insurance rate. 

The age of your vehicle is another factor. If you have an older vehicle with a lower value, it might not make sense to pay for more expensive coverage like comprehensive and collision.

You should also consider how much liability coverage you need. Remember, if you only have $20,000 in liability coverage and you cause an accident that generates $100,000 in damages then you could be liable for the amount above your coverage limit. 

Taking these and other factors into consideration will put you on a path to better understand how much car insurance you might need. Learn what each coverage term means so you can craft the right coverage plan for your needs, or speak with one of our knowledgeable agents. They’ll help create a customized plan specifically tailored to your needs. When you understand what you’re buying and how it protects you it’s easier to make the right choice. Together, we’ll get you fully covered with premiums that are as affordable as possible.