• Loss prevention tips for vacant buildings
  • Stop Losing Money: 3 Risks to Your Business Inventory
  • ​How to Practice Electrical Safety During Flooding
  • Post COVID-19: Preparing Your Small Business to Reopen
  • Prevent Construction Equipment Theft

How to Choose Car Insurance in 4 Steps

Because there are so many companies selling car insurance, sorting through all the choices to find the right policy for you and your family can be a challenging task. With each carrier claiming to offer the best value, it’s easy to feel confused. At first glance, all of the policies may look the same, but there are important differences you may need to consider. Your goal should be to find one that includes all the benefits you need at a competitive price.

Follow these four steps for finding the best car insurance policy for you:

1. Determine the Level of Coverage You Need

The cheapest policy may not be the one you need. Inexpensive plans may not provide collision coverage, which pays to fix your own car following an accident. They may not offer comprehensive coverage, which covers damage to your car not caused by auto accidents, such as natural disasters, theft or vandalism.

The nonprofit Insurance Information Institute notes that all states except New Hampshire require property and bodily injury liability coverage.1 A policy that offers only the minimum amount of liability protection required by law may save you money, but it probably won’t cover the legal claims that can stem from serious accidents involving property damage or injuries.

Remember that not everyone’s insurance needs are the same. For example, if you’re leasing a car, you may need gap insurance. If the car is totaled, gap insurance covers the difference between the actual cash value of the vehicle and the outstanding balance on your lease.

2. Review the Financial Health of Car Insurers

Everyone wants a good deal on their auto insurance policy, but low rates won’t do you any good if the company you choose isn’t around to pay its claims. Online reports from independent ratings companies, such as A.M. Best, Fitch, Moody’s and Standard & Poor’s, can help you determine your insurer’s financial health, says Investopedia.2

Each ratings agency uses its own standards for evaluating insurance companies and their financial health.  Read More

Recent Articles & News
  • Loss prevention tips for vacant buildings
    anemptytextlline
    anemptytextlline
  • Stop Losing Money: 3 Risks to Your Business Inventory
    anemptytextlline
    anemptytextlline
  • ​How to Practice Electrical Safety During Flooding
    anemptytextlline
    anemptytextlline
  • Post COVID-19: Preparing Your Small Business to Reopen
    anemptytextlline
    anemptytextlline
  • Prevent Construction Equipment Theft
    anemptytextlline
    anemptytextlline
  • Preparing Your Property for Employees, Tenants and Patrons During and After the COVID-19 Pandemic
    anemptytextlline
    anemptytextlline
  • Cleaning and Disinfecting During and After a Pandemic
    anemptytextlline
    anemptytextlline
  • What to Do After the Storm
    anemptytextlline
    anemptytextlline
  • 5 Key Questions To Ask Before Hiring A Home Inspector
    anemptytextlline
    anemptytextlline
  • How to Keep Rodents from Entering Your Home
    anemptytextlline
    anemptytextlline
  • Tips to Help Address the Impact of Unexpected Property Shutdowns
    anemptytextlline
    anemptytextlline
  • COVID-19: Adapting and Preparing Your Business for Change
    anemptytextlline
    anemptytextlline
  • Heat Illness Prevention
    anemptytextlline
    anemptytextlline
  • PREVENT THE SPREADING OF CORONAVIRUS
    anemptytextlline
    anemptytextlline
  • COVID-19: Financial Resources for Small Businesses
    anemptytextlline
    anemptytextlline
  • ​Hailstorms are more common than the average person might think
    anemptytextlline
    anemptytextlline
  • Stop Distracted Driving: Grooming
    anemptytextlline
    anemptytextlline
  • Stop Distracted Driving
    anemptytextlline
    anemptytextlline
  • How Crumple Zones Work
    anemptytextlline
    anemptytextlline
  • Staying Safe in Work Zone Traffic
    anemptytextlline
    anemptytextlline
  • The Science of Traffic Patterns
    anemptytextlline
    anemptytextlline
  • FLOODING IS ALWAYS IN SEASON
    anemptytextlline
    anemptytextlline
  • How Do Hurricanes Develop?
    anemptytextlline
    anemptytextlline
  • Is it Better to Lease or Buy a Car?
    anemptytextlline
    anemptytextlline
  • Choosing a Family Vehicle: SUV or Minivan?
    anemptytextlline
    anemptytextlline
  • Tips for Handling a Tire Blowout
    anemptytextlline
    anemptytextlline
  • 4 Things to Consider Before Buying a Hybrid Car
    anemptytextlline
    anemptytextlline
  • Car Maintenance Checklist
    anemptytextlline
    anemptytextlline
  • How to Detail Your Car in 9 Steps
    anemptytextlline
    anemptytextlline