Affordable and Adequate Insurance

Posted on: February 13th, 2011 by admin

Spare changeA major part of operating an automobile is maintaining a car insurance policy that satisfies a motorist’s state requirements, offers affordability to the consumer and adequate protection. All but a few states require motorists to maintain a vehicle policy at all times in order to drive or keep a valid registration, but all states do mandate that if a driver is responsible for causing property damage and/or bodily injury to a third party, it must be paid for and failure to do so can result in legal woes and dire consequences. Finding affordable policies that offer optimum protection is key to keeping peace of mind to being behind the wheel.

Unfortunately, since automobile coverage is looked at by many consumers as another bill, a large percentage of motorists obtain policies that only satisfy the absolute minimum protection allowed by the state. This is usually done in an attempt to obtain the most affordable car insurance rates possible, but can lead to inadequate coverage. Consumers should be aware that many of the limits set and required by certain states are not enough to cover the costs that can result from serious automobile accidents and considering more extensive levels of protection can help avoid future financial hardships and be found at a reasonable rate.

Additional Insurance at an Affordable Rate

When looking to obtain an automobile policy, consumers should take into consideration all of the companies and different options that are available. Many motorists are under the misconception that anything above and beyond the coverage levels that may be required by law is going to cost a exorbitant amount, but in many cases this is untrue and obtaining as much protection as possible can be beneficial and also affordable. For example, the state of Ohio only requires that motorists carry a  liability policy consisting of a limit of ,500 for bodily injury caused to one person, which is the lowest in the nation and would be unlikely to cover much should a third party be injured to extent that a broken bone is sustained or hospitalization is needed.

For this very reason states as well as the Ohio Department of Insurance (ODI) recommend that motorists purchase higher limits of coverage. The ODI suggests that motorists shop several different companies and obtain quotes due to the likelihood of finding a carrier that can offer a policy above the minimums that can fit an individual’s budget. Most states and industry professionals suggest obtaining the highest level of coverage available to protect assets, and in many cases this can be done by only adding a few extra dollars to a premium. Luckily, being a motorist in this day and age means that that there is a very high likelihood of making this happen with the vast resources available to help consumers find savings where applicable.


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