Landing the Best Budget Car Insurance Offer
If you are in the market for budget car insurance, you should know all the facts first. No one wants to purposely overpay for their auto insurance, but you don't want to be stuck with a huge repair bill after an accident, either.
You first need to think about Personal Liability insurance. Since this is required for all drivers, there is really no way to avoid it. Even if you have never been at fault in an accident, you can still be involved in one. If it is discovered that you were driving without liability insurance, you will receive a fine or even have your car confiscated.
There is more than one type of liability insurance. Bodily Liability insurance is the one that covers injury to another when you are involved in an accident that you have caused. It does not cover injuries to you, your vehicle or the other party's vehicle.
Damage to another's property, including their car, is covered by Property Damage Liability insurance. Their property may also include their home and its surrounds or their business property. It should be emphasized that it does not cover your property.
There is a very good reason why only liability insurance is required by law. If everyone has this type of insurance, then those who are not at fault in an accident will not be left paying the bill for an accident that was caused by another. However, accidents happen and sometimes even the best drivers are at fault. Even a minor accident can be cripplingly expensive. Even if you are not injured, the damage bill for your auto body repairs can easily be many times the cost of insurance.
If you have a new or slightly used car, you should seriously consider getting collision insurance. This is the type of insurance you need to cover damage to your vehicle if you are the one who causes an accident.
Comprehensive car insurance has a very misleading name and many people believe that it is the kind of insurance to buy if you need insurance that covers you whether you are at fault or not. In fact, comprehensive coverage only pays out in case your car is stolen or is damaged by natural acts (fires, floods, etc.).
These are some of the main types of car insurance. When you're looking for budget car insurance, see how much they all cost, individually and as a package. Get a number of quotes and choose the one that gives you the most coverage for the least amount of money.