How much Car Insurance do I need?

Consider the following three questions with the help of your agent:

1) How high should my liability coverage limits be?
No one can predict exactly how much you would have to pay if you were to cause an accident.
Ask yourself how you would pay for any damages exceeding your coverage limits.
The higher your liability coverage limits are, the more likely your policy will be able to pay all of the damages.

2) How high or low should my collision and comprehensive deductibles be?
Higher deductibles lower your premium but increase the amount you must pay out of your own pocket if a loss occurs.
Ask yourself how much you would be willing and able to pay on short notice in order to save on your premium.

3) Should I carry collision and comprehensive coverage?
You may be required to carry collision or comprehensive coverage if your vehicle is leased or financed.
Once you have paid off your car, and its value decreases, you might consider dropping these coverages to save money on premiums.
Consider, though, whether the savings would be enough to offset the risk of having to pay the entire cost of repairing or replacing the vehicle.

For more information see www.bobbyromander.com