3 Reasons to Upgrade Your Auto Insurance

Car insurance, much like health and life insurance, may not be the most exciting topic. In fact, you’d probably much rather talk about the actual luxury car or upgraded SUV you’re trying to protect than its policy any day. But the reality is car insurance plays a critical part in keeping you safe in the event of an accident, and keeps a financial mess off your hands. That is as long as you get the right amount of coverage from a reputable company when you purchase a plan.

Much like with the vehicle you drive, you have a choice in what kind of coverage to get. And while no one wants to overpay on their car insurance, being underinsured can also lead to a whole host of problems you don’t want to have.

Don’t let a promise of the “cheapest rates” win over your wallet, be a savvy consumer and find out why it pays to invest in the best type of auto insurance coverage for your situation.

1. Less Coverage Equals More Costly Repairs

According to the data, an average of 6 million car accidents occur annually in the U.S., which means drivers everywhere have a frightening chance of being involved in a collision. Many people choose to only buy enough insurance to meet their state’s coverage requirements in order to save a little money. While this might see you paying less initially, if you do get involved in a roadside crash, you could end up paying far more to repair your car or someone else’s depending on your liability coverage — or lack thereof.

2. Overlooked Offerings

Picking the cheapest possible plan could end up costing you in the long run. Many shoppers see a provider’s additional offerings such as roadside assistance or accident forgiveness as extras they can’t afford or don’t want to spend money on. But when you factor in that the average driver with no roadside coverage has to spend at least $50 on just one out-of-pocket tow, things tend to add up quickly.

Now imagine several of these incidents taking place over the course of a year, and you get the picture. Comparatively, paying a bit extra on your monthly premium for these additional offerings might just be worthwhile for you and your wallet.

3. Comprehensive Providers Can Save You Time and Money

It’s wise to shop around when looking at which company to use for your car insurance coverage needs. However, be careful before committing to a provider who offers the lowest premium. Look at other factors, such as their company size. Larger companies have an easier time recovering from high-claim numbers to ensure your rates aren’t raised, whereas smaller companies generally don’t. One exceptional larger auto insurance provider is USAA, who prides itself on delivering outstanding customer service that will help you with everything from an in-depth review of your policy to walking you through the auto claim process.

Insurance That Fits Your Needs

When it comes to purchasing car insurance, you want adequate coverage at a good price. But cheaper insurance doesn’t always give you the protection you need or deserve. Investing in a high-quality policy doesn’t mean you won’t be eligible for savings; it just guarantees you’ll be fully covered when it counts.