One thing that you legally have to have in order to drive around a vehicle of any kind is insurance. Without insurance, you could get a ticket when pulled over by a police officer. Additionally, if you were to get in a car accident and you don’t have any kind of insurance, you’re going to have to foot the entire bill yourself.
While knowing that you need to have car insurance is important, knowing what kind of car insurance to get can be complicated. To help make this a little easier for you, here are three tips for determining what kind of car insurance coverage you should get.
Your Minimum Requirements
The first thing you should learn is what the minimum insurance coverage requirements are for your particular situation.
Depending on the state in which you live, the minimum amount of insurance you’ll have to carry for yourself and your vehicle will vary. Along with this, you may also be required to have additional insurance if you’re leasing your car or if you have a balance on a car loan. Your lender or the dealership in which you’re leasing your car from will be able to tell you what kind of insurance you’ll need and how much coverage you’re required to have in order for your contract to be valid.
Consider Your Own Driving Record
Another thing that you’ll want to think about when determining how much insurance coverage you should be paying for is what your own driving record is.
Just like with all types of insurance, you pay for car insurance so that, if something should happen to you or your car, you’ll have a financial safety net for you. So if you think that there’s a good chance that you’ll be having to use this safety net based on your prior driving record, meaning you’ve had accidents in the past that were possibly your fault, you’ll likely want more coverage when it comes to insurance.
The Environment You Live In
Something else to think about when getting insurance coverage for your car is the type of environment you live in and what potential natural hazards could cause damage to your vehicle. For example, if you live somewhere that gets frequent hail storms during a certain time of year, you might want to get insurance that specifically covers this. Or if you live in a heavily wooded area, getting insurance that would cover you for fallen tree limbs or accidents involving wildlife can be extremely helpful.
If you’re going to be shopping for car insurance soon, consider using the tips mentioned above to help you get the coverage you need for your vehicles and yourself.