:::

Car Insurance Broker Information

:::
 




:::

Car Insurance Broker Articles

:::

Determining How Much Auto Insurance Coverage You Need

By Matt McWilliams

The Three Basic parts to an Auto insurance Policy

1: Other Party:

Auto Insurance Bodily Injury (BI) Liability and Property Damage (PD) coverage is Legally required in most states today. (BI & PD) Most people understand that they need BI & PD, but they have no idea how to determine how much coverage they need.

Try this simple question: What if your car was involved in an auto accident tonight where heaven forbid, someone else was injured or killed? Remember, everything you own is in the back seat of the car with you and is at risk in a lawsuit! So, what do you think their family would sue you for? $15,000? $25,000? $100,000 or even maybe a Million dollars! Where would you get the money to pay them?

Perhaps the Equity in your Home would help? How about your Savings and/or Investments? You could even have up to 25% of your wages attached to pay the award in most states! Are you prepared to sacrifice everything you own to pay an award due to this accident? If not, read on for how to choose the auto insurance coverage you need.

2: You and Your Family:

Now let’s turn the above accident around. For some unfortunate reason, you or a loved one is the one who is injured or killed in an auto accident. Where would you get the money if the person who hit you did not have auto insurance or not enough auto insurance? Medical bills can be covered if you have health insurance. But health insurance doesn’t cover loss of life, pain & suffering or permanent disability.

Maybe you have a life insurance policy through your employer or your own individual life policy. Is the benefit amount sufficient to cover your family if your loved one is killed? But even if you have life insurance, what pays for the misery, the pain & suffering, maybe the fact you or a loved one can’t walk or use their arms again?

You might have a disability insurance policy through your work if you’re lucky or had good financial advice. But disability insurance doesn’t pay for loss of life, pain & suffering, permanent loss of your legs, arm or hand.

The only coverage that pays for these things is a part of an auto insurance policy known as Un/Under-insured motorist coverage. You can only buy as much coverage here as you have in Liability coverage. Your auto insurance agent should be able to help you determine the exact amount you need.

3: Your Car

Comprehensive and Collision Coverage are the third part of an auto insurance policy and are sometimes referred to as “Full coverage.” Basically the difference is this: If you run into the tree you are covered by Collision coverage. If the tree runs into you (hypothetically of course), then you are covered by comprehensive coverage. Comprehensive also covers broken windshields, fire, theft and vandalism. The higher deductible (risk) you take here, the lower the premium. Use the savings here to purchase higher limits in the coverages that protect your assets and your family.

The bottom line to determining proper auto insurance coverage is, of course, the money available in your household budget. An excellent place to start in determining the proper auto insurance coverage for your family is to meet with your local auto insurance agent.

Most cut-rate companies concern themselves with one thing only: Price. Tell them what coverage you have and they’ll see if they can give you the same coverage for less. You become the insurance professional. If this is the only need you have then that is ok. If not, you need to seek the advice of a professional to help you determine the proper amount of coverage you need and how best to accomplish it.

Review these tips for auto insurance coverage to make sure you have enough to protect your family.

Free Quote Car Insurance Broker


:::

Car Insurance Broker Featured Resources

:::


SEARCH RESULTS

Annuities: The Shocking Secrets Revealed
Discover The Shocking Secrets That Banks And Insurance Companies Don't Want You To Know.

Insurance Leads Generation
Generate Quality New Leads At A Fraction Of The Cost Of Offline Marketing.

Car Auction
From The Gov-Records.com Team!

State Car Auctions
Local Seized Cars and Real Estate Auction Listings


:::

Car Insurance Broker News

:::


Green Light Auto Group Pty Limited (Carboodle) Enters Referral and Broker Agreement with Aussie Car Loans
Sydney, Australia, Sep 11, 2014 - (ABN Newswire) - Cash Converters International Ltd (ASX:CCV.AX - News) ("the Company") is pleased to announce that its subsidiary, Green Light Auto Group (GLA), trading as Carboodle, has entered into a Referral Agreement and a Broker Agreement with Australia's leading online car finance broker, Aussie Car Loans. Under the Referral Agreement, customers that fall ...

Cheapest Car Insurance for Florida Drivers Added to Quotes System at Insurer Website
Some of the cheapest car insurance for drivers in Florida is now viewable when using the digital finder system built at the Auto Pros website. A source of price data is now viewable at http://autoprosusa.com/auto-insurance . (PRWeb August 27, 2014) Read the full story at http://www.prweb.com/releases/cheapest-auto-insurance/car-insurance-florida/prweb12127484.htm

Auto Insurance Quotes For High Risk Drivers Now Available At Insurance Panda
The Article Helps High Risk Drivers Understand How Insurance Companies Decide how to Insure Vehicles and the Best Way to Obtain Auto Coverage New York, NY / ACCESSWIRE / September 3, 2014 / InsurancePanda.com, ...

Is this the world's worst car hire horror story?
Bullying, a run-in with Portuguese police, and a tug-of-war over a booster seat - car hire sagas don't get more farcical than this

Cheap Car Insurance for Preowned Motor Vehicles Added to National System at Insurance Portal Online
Cheap car insurance is now searchable for owners of preowned vehicles using the finder at the Quotes Pros website at http://quotespros.com/auto-insurance.html . (PRWeb August 21, 2014) Read the full story at http://www.prweb.com/releases/cheap-car-insurance/auto-insurance-quote/prweb12113731.htm

Buying the Right Auto Insurance for Your Teen Driver
Here's how to save money without sacrificing coverage when you add a teen driver to your insurance policy.

Oldham?s a costly place to insure your car
THE Oldham postcode is the fifth most expensive place to insure a car in Britain, according to the AA. The organisation says the average annual cost of a premium in Oldham is £794.78 - and this is over seven per cent less than in the previous quarter.

Finding the Best Car Insurance for Teens
Finding the Best Car Insurance for Teens

Pop Quiz: Terrorists Destroy Your Home. Will the Insurance Company Pay?
Money Talks News finance expert Stacy Johnson took to Times Square to see what people know ? or don?t know ? about their insurance policies. Will your insurance company pay? Not unless your homeowners policy has a rider specifically for your stamp collection. Insurance company Travelers notes that standard homeowner policies may restrict payouts for valuable items.

Auto Insurance Discounts for Texas Motorists Added to State System at Insurer Website
Auto insurance discounts from agencies are now available to review for Texas motorists from the state locator system at http://quotespros.com/auto-insurance.html . The Quotes Pros company is now offering this search. (PRWeb August 16, 2014) Read the full story at http://www.prweb.com/releases/auto-insurance-discounts/car-insurance-texas-price/prweb12100245.htm


:::

Car Insurance Broker Blogs

:::



Google


 

Best Sellers from



GatorDocs

Lighting 2 Light Bulbs



Want to Link to Us?

Link to CarInsuranceHunter.com