Shopping for a St. Augustine auto insurance plan can be a daunting task. You may not want to purchase the first policy that you find on the Internet. It may, however, be beneficial to use the Web to compare several quotes. Use these tips during your search for the right auto insurance plan.
Understand your state’s minimum requirements
The state of Florida requires drivers to hold a minimum $10,000 policy for personal injury as well as $10,000 for property damage liability. Your St. Augustine auto insurance plan needs to, at the very least, meet these standards.
Many drivers find that they need more than the minimum state insurance requirements to feel financially comfortable in the event of an accident. It is important to remember that the state of Florida is a no-fault region. This means that you could find yourself on the hook for thousands even if you are not the offender in an auto accident. It is better to be safe now rather than sorry later.
Get coverage that pays for your assets
At the very least, you want to purchase a St. Augustine auto insurance policy that covers your assets in the instance of an accident. You may want to purchase more coverage if you own a home or other property since such assets could be in danger if you are sued for damages related to an accident. It may also be a good idea to invest in umbrella insurances, which pays out when your standard policy falls short. Such precautionary measure works to further secure your finances when the unexpected happens.
Consider a higher deductible
Did you know that your premium is dependent on your driving record, car model, policy limits, deductibles? You can save a few dollars by choosing a higher deductible. It is important to note, though, that higher deductible options mean that you will need to come up with more money before the benefits of your policy kick in. Selecting a higher deductible may be in your favor if you are a big saver.
Auto insurance is absolutely vital if you operate a vehicle in Florida. You should choose wisely and make sure that you are getting the most for your money.