Save Money on Your Auto Insurance Without Changing Agents Or Companies

Now that I have your attention I would like to introduce you to the the Collision Deductible Reserve Plan (CDRP). I have been involved in the Insurance Business for the past 10 years and have come across a product that can help you put some money back in your pocket immediately. Most people have less than $600 in there checking accounts. Most people have deductibles on there auto insurance of either $250 or $500. When people get in a car accident and have to pay their deductible they put this on their credit card. There is a solution to this problem and a way for you to save money as well. By setting up your own CDRP you can immediately save 10-40% on your car insurance. You do not have to change agents or companies to do this. This will help consumers reduce their monthly insurance premiums without increasing their risk. One plan covers all drivers and vehicles in the household. This is how it works: By Raising your collision deductible to $1,000 you can save as much as 40% on your overall insurance premiums...sometimes even more. You will simply redirect the savings realized from raising your collision insurance deductible into your CDRP account. One your CDRP account is mature, usually with $1,000, you no longer need to make monthly contributions. Your monthly savings is now back in your budget and can be used to help eliminate debt and build wealth.

California Auto Insurance FAQs

California insurance companies offer affordable auto insurance policies for drivers working in certain occupations, good drivers, students and senior citizens. The best way to get low price insurance is shopping for insurance companies offering discount insurance. If a driver has more than one kind of insurance policy with the same company, he can receive discounts for all those policies. It is possible to reduce the premium amount by raising the deductible. Keeping anti-theft devices and the mileage of the vehicle within certain limits will receive some discount as well. What are the main criteria to be considered for choosing an insurance company? Insurance price is the most important factor to be considered when choosing an insurance company. A reputed insurance company having credit for handling auto claims fairly and quickly, with a financial stability rated A+ or higher will be ideal. What are the situations in which one can review his insurance coverage? There are no strict limitations to review California auto insurance. You can review the coverage whenever you face life change situations such as marriage, divorce, or buying a new car. A twice-yearly review of coverage is also possible. What are the minimum levels of auto insurance that a driver must have? According to California auto insurance law, a driver requires a minimum policy of $15,000 bodily injury coverage per person, $30,000 coverage for all bodily injured people, and $5,000 property damage coverage for a single accident. There is no need to carry uninsured motorist coverage in California. Is it possible to pay the annual premium all at once? It is not possible to pay premium at once, but one can choose a good payment schedule. Companies offer a range of payment plans, including annual, semi annual, quarterly and monthly payments. When does a driver pay the deductible? Normally, a driver or owner pays the deductible directly to the repair facility when the vehicle's repair work is completed. California Auto Insurance provides detailed information on California Auto Insurance, California Auto Insurance Companies, California Auto Insurance Comparisons, California Auto Insurance Laws and more. California Auto Insurance is affiliated with Dental Insurance Companies. Article Source: http://EzineArticles.com/?expert=Eric_Morris

Best Auto Insurance - How To Find It The Right Way?

Auto insurance is an insurance policy bought by the auto owner to safe guard his/her vehicle against theft, accident and any other loss incurred. You can buy auto insurance for any of your auto mobile such as car, truck or bus. Auto insurance not only covers insured vehicle and insured party, but some times it covers third parties also. Different auto insurance policies have different terms, norms and conditions under which, these items are covered. Today large numbers of auto insurance policies are available in the market and it is really very difficult task to purchase the best auto insurance for the safeguard of your vehicle. Here are some tips, which can be used to find the best auto insurance for your black boomer. 1. To locate best auto insurance, you are requested to make a search on your own. First of all go to local auto insurance providers. Compare auto insurance quotes provided by them. Most of auto insurance providers have their websites, you can go there and request for car insurance quotes online, if you own a car. Compare their quotes and find best auto insurance for your vehicle. Always remember that bargaining is the key to buy cheap auto insurance. 2. After comparing auto insurance quotes apply for the best one for you and your vehicle. While applying given them details as much as you can such as your name, address, zip code, your marital status, cars annual commuting miles and safety features because as default they can offer you high quotes without any specific benefits. Hence, to buy a cheap and best auto insurance always give full details about you and your vehicle. 3. Sometimes insurance companies provide specific offers. Thus always look for offers, as they can deduct your premium from $200 to $400. 4. Before signing your application form read each and every point of fine print, as they can protect your right. With keeping these simple tips in mind you can find best auto insurance policy. We offer the best online source of auto insurance. Check it out now on http://www.home-insurance-rates.info . Find all about insurance on - http://www.home-insurance-rates.info

Auto Repair Insurance: Extended Warranties�Myths and Facts

How much insurance does one need? You have the big four: home, health, life, and car insurance. Then theres a second category, which starts getting a little hazy with credit card insurance, purchase protection plans, fraud insurance and more. Extended warranties, also called extended service contracts, or extended service policies fall into the mist of this second category. Extended warranties are supposed to pay (in full or in part) for specified repairs for a specific period of time after the expiration of the factory warranty. They can be a great value. They can also be a significant waste of money. It gets quite foggy in the details. What exactly is covered? How long? How much? Are there hidden charges? There are numerous extended warranty companies and an even wider variety of warranty packages available: silver, gold, platinum, platinum-plus, and a host of other confidence-building words. Whats the best plan, and are extended service contracts worth the money? Extended warranties, like life insurance policies, are a numbers game. Theyre a gamble. You pay $2500-$4500 for a 2 year, 100,000-mile protection plan and hope that you get at least that back in warranty repairs. The provider on the other hand, hopes to pay out less than it insured. There are three major types of plan providers: The manufacturer, the dealership/third party, and third party providers. Each one has its assets and liabilities (discussed ahead). What exactly is covered in an extended service plan? As mentioned above, whats covered depends on the package purchased. Some plans only cover the power train: the mechanical components of the engine, transmission, and rear-end. Others cover the power train plus some electrical components. Still others cover electrical, advanced electrical, and computer components. Some only cover whats listed in the contract. This is called a Stated or Named contract. This means that if its not stated, its not covered. Some cover bumper-to-bumper, similar to a manufacturer warranty, except trim pieces, upholstery, exterior components, cosmetic items, and a number of other exclusions. Never before has the adage, The devils in the details, been so applicable. Manufacturer Extended Plans: Extended service plans from the manufacturer are the best in terms of coverage, convenience, and quality. Coverage is similar to the warranty while the vehicle was under its original factory warrantywith similar exclusions stated above. The billing is direct, meaning you dont have to pay out-of-pocket, except for a deductible, if applicable. Quality is great too, as an extended warranty from the manufacturer will only use factory parts. They also have money, so theres less risk of bankruptcy. The down side of manufacturer extended service plans is that they are not cheap. These plans are generally the most expensive, require low mileage standards, and necessitate servicing your vehicle at a dealer for coverage. Dealership/Third Party Plans: Extended warranties from a dealership are actually from a third party insurer. These providers are generally reputable, but not always. However, if there is an issue (such as the warranty provider filing chapter 11, which is quite frequent in the extended service contract business), the dealer may step in to cover any repairs that would have been covered under the defunct plan. Also, claims are easier: billing is direct because the dealership has a working relationship with the provider, and there is usually agreement on price. Some dealers set up their own internal extended warranty, which is honored by the selling dealer. This is rare, and should not be confused with a manufacturer warranty. Important: extended warranties are often passed off as manufacturer warranties. Theyre not. This is a sales trick. Also be aware that there is a significant mark up, as the dealership is merely acting as the middle man. Lastly, extended warranty companies often go bankrupt without warning. Third Party Plans: These plans are called third party plans because they are outside the responsibility of the manufacturer and the service center performing the repairs (unless theres a working relationship with a repair shop as stated above). There are hundreds of extended service contract companies. Some have good reputations, some dont. Third party plans are frequently sold by used car dealers. You may also receive an official looking notification in the mail stating that your warranty is expiring, and directing you to call an 800 number ASAP. This is a marketing tactic by an independent warranty provider. Despite the official appearance of the postcard or envelope, its not from the manufacturer. Manufacturers do not send out reminders about warranty expiration. Given the wide-variety of third party plans there are numerous red flags. 1) Claims: Extended warranty companies will be quick to tell you that filing claims is easy, and that the service center gets paid immediately via a credit card. Thus, theres no out-of-pocket expense for you. However, the warranty company cant dictate a service centers policies. Some service centers will only accept payment from the repair customer. Thus the burden is on the repair customer to fill out the forms, contact their warranty company, and await reimbursement via check, which can take 2-8 weeks. It is the service centers responsibility to contact the extended warranty company to let them know whats wrong with the vehicle and to check coverage. This process can take anywhere from 20 minutes to 20 days, sometimes more, depending on the degree of repairs and especially the amount. (See $1000 and Adjusters ahead) Service centers and extended warranty companies frequently battle over the fair price of repairs. Many repair shops no longer negotiate, and just state the price, leaving the contract holder (i.e., the service customer) responsible for the difference. 2) Rentals: Rental coverage is a great benefit. However, there are fixed rates and time limits. In other words, the warranty company is not going to pay to have you drive a Mercedes-Benz, even if you drive a Benz. Rental allowances range from $25 to $35 per day. Also, rental coverage is based on the number of hours it takes to repair the vehicle, NOT the number of days your car has been at the shop. 3) $1000 and Adjusters: Repairs that approach $1000, or that require a significant amount of work, will be cause for the warranty company to call in an adjuster to confirm the diagnosis. This will delay the repairs by a minimum of 24-48 hours. It may cost you additional money when an adjuster is involved. You may be charged to have your vehicle pulled back into the shop for inspection, as well as for the time spent with the adjuster. 4) Tear-down Charges: In many cases, an extended warranty company will require that a particular component be taken apart for inspection to determine if the repair is indeed needed and covered. This puts the service customer in a very awkward position. The customer will have to authorize potentially hundreds of dollars of tear-down expense in the hopes that the repair is covered. If its not, the customer is out the hundreds in tear-down PLUS the actual repair. This does happen! Common Myths About Extended Service Plans: Extended warranties cover maintenance services and brake work. No. Extended warranty plans do not cover maintenance or wearable items. Brake pads and rotors are wearable parts. Maintenance such as coolant, brake and transmission flushes, tune-ups, services, oil changes, bulbs, wipers, and more are not covered. They told me its bumper-to-bumper, so it covers everything, right? Wrong. Not even a factory warranty covers everything. When pitching the sale for the extended warranty, one is very often lead to believe that he or she will have nothing to worry about. This is just not true on so many levels. For example, if your bumper falls off its not covered. I dont have to pay anything, right? Wrong. Despite the claims of 100% coverage, there are many factors involved. The labor rates, labor hours, diagnostic times, parts prices, and machine work are just a few items that often conflict with a service centers policies. Some extended contracts only pay a maximum of $55 per hour, and only allow one half hour for diagnostic time. This is generally unacceptable to the service center, as labor rates have skyrocketed to over $100 per hour at many dealerships, and average $75 at local shops. Moreover, with the complexity of todays vehicles, diagnostic time is at a premium. The customer pays the difference. If I have an expensive problem, I can just purchase an extended service contract. Its unethical, but its an option many attempt. However, most service contracts have a minimum time requirement before the first claim can be filed: usually three months. Also, many contracts require that your vehicle be inspected by a service center to check for pre-existing conditionsjust like life insurance. My contract lasts up to 100,000 miles. Only if the time limit doesnt run out first. All extended warranty plans have a time limit. For example, a typical contract will state that the vehicle is covered for two years or 100,000 miles, which ever comes first. During the sales pitch, however, the emphasis will be on the 100,000 miles, not the time. If my car breaks, it gets fixed like new. Actually, depending on the contract, an extended warranty company can insist on installing remanufactured or even used parts. Items commonly not covered by extended warranties: * Any component with a pre-existing condition * Any component related to a Technical Service Bulletin (TSB) * Many components that has been updated by the manufacturer * Extra components necessary due to manufacturer updates to complete the repair * Trim pieces: molding, cup holders, dashboard, console, body parts, glass * Many accessories: radios, DVD players, TVs * Many expensive electronics: climate control units, navigation assemblies Extended service contract positives: Some service contracts are transferable, and may thus increase the resale value of a vehicle. Many come with trip interruption reimbursement, towing and 24-hour road side. Some plans can also be financed, or have E-Z Pay Plans. Others offer a money-back guarantee. What should you do? Youll get lots of advice about doing the research, comparing plans, and reading the fine print. This is all sound advice. But what about doing the math? Lets say a plan costs $2500 for 2 years or 100,000 miles, whichever comes first. To break even youll need a minimum of $1250 per year in covered repairs, excluding regular maintenance. Remember covered is the vital word here. Another way to break it down is to anticipate having to pay $104.17 per month over the next two years in covered repairs. Do you want to take that bet? What could happen? You could double your money or more in repair work. You could conceivably get a new engine and transmission (or used ones anyway). You could also easily spend $2500 for a service contract, and still have to pay another $2500 for repairs, which for a variety of reasons, were not covered under your plan. Now youre out $5000. Alternatively, you could keep the initial $2500. In many ways all an extended warranty does is prepay for repairs. You could stick the money in the bank and collect interest. Then you could withdraw the money for repairs as needed. Another consideration thats rarely discussed is the cause of the problems. Many car repairs problems are the result of wear and tear, neglected maintenance, physical damage, or acts of Godsuch as flood damage. None of this is covered. The gamble only covers failed components. If the vehicle youre driving does cost $2500 to $4500 in repairs due to outright failed components, is it a vehicle you even want to consider keeping? A vehicle that needs this kind of repair work due to mechanical, electrical, or computer failures may not be worth it. The $2500-$4500 would be better spent on an upgrade to a quality vehicle rather than insuring a lemon. Theres no question that auto repair is expensive, and even quality cars break from time to time. But do they breakdown to the tune of $2500-$4500? Thats a hefty bet on a possibility. Terence OHara from the Washington Post makes an excellent assessment about extended warranties in general. He writes: extended warranties play upon a basic human trait to avoid loss, even if it means sacrificing a possible future gainthe gain is all the other things of value that a consumer could buy with the money that was spent on a warranty Whats the best plan? Money in your bank account! -Theodore P. Olson (Ted) Making Sense of Car Repair Prices Ted holds extensive certifications from Mercedes-Benz, Toyota, GM, and ASE. Over a twenty-year period in the automotive service industry, he has served as a technician, shop foreman, shop manager, shop owner, service advisor, service manager, and service industry consultant. He is the author of eight books and numerous articles on the automotive service industry. Other Works by Ted Olson Include: * ARREST the Automotive Service Industry! * Maintenance Myths: A Step-by-Step Guide to STOP Getting Ripped Off! * Auto Repair: The Shocking Truth About Who's Ripping You Off and Why! * Automotive Service Pricing Strategiesa fair pricing guide for service centers * Being the Besta comprehensive customer service handbook for service advisors * Service Center Personnelan auto repair informational for general service staff * Service Mission Statementa philosophical proposal to improve customer service Article Source: http://EzineArticles.com/?expert=Theodore_Olson Theodore Olson - EzineArticles Expert Author

Auto Owners Insurance - Do You Really Need It?

If you think you dont have any need for auto owners insurance, just consider the answer to this question. How would you manage to pay the medical bills of someone who gets hurt in an accident when you are at fault? If you do not have an unending supply of money, then you definitely need auto owners insurance. While getting auto owners insurance does add to your annual expenses, you can pay out the cost of the premiums through a monthly payment plan. When you get a quote for auto insurance, you need to ask if the company has this option for payment. Then its just a matter of budgeting this payment with your regular monthly bills. The initial quote you get for the auto insurance does not include the cost of financing through monthly payments. Most companies dealing with auto owners insurance have several plans designed to meet your needs. For example, you can pay the amount of the auto insurance in two equal payments, pay a percentage down and have the rest divided into six or eight monthly payments or pay it out over a twelve month period. There are so many companies that will give you a free quote, auto insurance is easy to find. The rate you pay depends on certain factors, Your age is important in getting a good rate for auto owners insurance, but if you are a new driver or are under the age of 25, then you will have to pay more because you are seen as a higher risk of having an accident. If you have an accident then the insurance company pays the costs of the repairs and any medical expenses that might be involved. Each auto owners insurance policy also has a deductible. This is the amount that you have to pay before the insurance company pays out any money. The lower the amount of the deductible, the higher the quote for auto insurance that each one will give you. Choosing a high deductible is one way of lowering you auto insurance premiums. If you are one of these people with a high accident rate, then you should expect to receive a high quote. Auto insurance companies may even refuse to issue a policy for you because they see the possibility of having to pay out more than they collect in premiums. Auto owners insurance companies make money when you pay the premiums and never collect. It does give you peace of mind though, knowing that you have the protection and coverage you need. Everyone has accidents at some time or another and you need to have the insurance to back you up. So sorry about the bad news, but you normally do need auto owners insurance. For a website all about Car Insurance visit Peter's Website Car Insurance Answers and find out about Budget Car Insurance as well as Auto Insurance Company and more, including UK Car Insurance, online Car Insurance and Car Insurance Quotes. Article Source: http://EzineArticles.com/?expert=Peter_Crump

Auto Insurance - Which One?

Auto insurance is often a sticky subject. Everyone feels like theyre paying too much to insure their car, and wants to know how to get their premiums down. Its an industry that really lacks an effective way to make price comparisons, leading many people to switch every few years the way they do with credit cards or phone providers. When you understand the factors that go into deciding the price you pay for auto insurance, however, you should find it much easier to read the market and use it to your advantage. This article should give you a basic grounding, but whole books have been written on the subject its up to you how much you want to learn. The most basic thing you need to understand is that insurance companies dont decide premiums based on how much they like you, or how much they think you can afford. Insurance is based on one thing, and one thing alone: risk. Every time the insurance company has to pay out for an accident, they keep a record of the amount, and every other factor they can find the make, age and model of the car, the age and gender of the driver, where they live, how long they have had a license, and so on. There are hundreds of factors. From this, the insurance companies can build up what is called a risk profile. This allows them to work out the risk that they will have to pay out to any given person, and how much they would be likely to have to pay, based entirely on past experience. This is why a newly-qualified male driver in his twenties driving a sporty car has to pay so much to get insured the statistics show that this group is by far the most likely to have an accident. Once you understand this system, you can use it to your advantage. Obviously you cant change who you are, but you can change your car. The make, model and age of your car are three quite important factors in your risk profile, and theyre all open to you to change. It is not difficult to use online insurance quotation tools to find out which cars are pricey in insurance terms, and which ones are cheaper, and use this to help you make buying decisions. John Gibb is the owner of auto insurance guidance , For more information on auto insurance please check out http://www.auto-insurance-sources4u3k.info Article Source: http://EzineArticles.com/?expert=John_Gibb

Auto Coverage In Alabama

If you live in Alabama and want to know what insurance you need read on. By speaking with car insurance agents online you will also be able to get car insurance estimates. Having the right coverage and getting it for the right price are important. Bodily injury liability is required by law in Alabama. It provides coverage for damages to a person covered by the policy to pay for bodily injuries to other people involved in the accident when you are responsible. If you injure someone in an auto accident the liability can add up very quickly sometimes totaling into the hundreds of thousand of dollars. So you need to make sure you have adequate bodily injury liability coverage to protect yourself and your financial interests. Always purchase the highest amount you can afford. The more assets you have and the better off you are financially the more coverage you will need. Property damage liability is also required by law in Alabama. This coverage protects the policy holder from damage caused to property when you are at fault. Property includes vehicles, houses, lamp posts and any other non human item. Here again you should purchase as much as you can afford. Remember some of these new cars are worth a lot of money and if you dont have adequate insurance to replace the vehicle then the other party will come after your personal assets. Uninsured motorist bodily injury is not required by law, but the law does require your rejection of coverage in writing. Since you have to buy insurance to protect yourself from financial loss for others you might as well buy some coverage to protect yourself too. Uninsured motorist bodily injury protects you if the other driver is in the wrong and does not carry adequate liability insurance. Its a good policy to have. Medical payments are not required by Alabama law. This coverage protects against medical expenses incurred as a result of an accident. Costs such as ambulance, x-ray, hospital visits are all covered. Whether you require this will depend on what type of medical insurance coverage you have. If your coverage has limitations you will want to carry medical payments coverage. If your existing medical insurance has unlimited coverage you may not require this coverage. The only problem is that medical payments also covers passengers in your vehicle and if they dont have adequate medical coverage you could be held liable for expenses and without medical payments coverage it could put you in the poor house. Collision coverage is not required by law in Alabama. This is the coverage that helps pay for damage to an insured auto as a result of an accident even if you are in the wrong. The premiums can be reduced by choosing a higher deductible. This is the portion you are willing to pay before the insurance company starts to pay. Never choose a deductible that is higher than you can afford because the insurance company is not going to pay their portion until you come up with yours. Comprehensive coverage is not required by law in Alabama. This coverage protects against damage to your vehicle that is not a result of an accident. For example, hail, theft, vandalism, or falling objects. Again you can reduce your premium by choosing a higher deductible. There are also additional coverage you can purchase if needed. For example coverage for your stereo system, or loss of vehicle coverage. If you require any of these coverages check with an agent. It is very important that you make certain you have adequate coverage. An accident occurs in just a split second and no matter how good of a driver you are you just never know when you might be involved in an accident. You certainly dont want to risk the financial well being of yourself and your family by buying insurance carelessly. So take you time and make sure you understand the coverage you have purchased. Make sure you have adequate coverage for the laws of Alabama. Sher from The Auto Insurance Center has been serving customers for over 20 years. To find out how to save on your auto insurance Please visit us at http://www.all-auto-insurance.com/ Article Source: http://EzineArticles.com/?expert=Sher_Matsen

This is 5 Tips to Get Cheap Car Insurance

Getting a car insured today has become a matter that requires substantial research. For most people the main criterion of selecting or rejecting a car insurance company is price. Every body seems to be after cheap car insurance. But how does one quantify cheap? To accurately compare quotes, you need to make sure the insurers youre comparing are offering similar types and amounts of coverage, and also a similar deductible amount. Meanwhile, here are a few pointers on how to go about getting a car insurance that will be more affordable: Keeping all your eggs in the same basket may help you lower your car insurance costs. Some insurers give discounts if the applicant already has one or more insurances from the same company. For instance, if you already have homeowners insurance and another auto insurance plan from the company, chances are that you may have to pay less for insuring your new car. You can even ask them to give you a quote and compare it with that of other insurance companies. Keep your driving track record clean. Easier said than done, no doubt, but it really pays in the long run. If you have a couple of accidents to your credit, chances are that you may have to empty your pockets a little more to have your car insured. This is the auto insurers way of hedging the risk from your bad driving and safeguarding themselves from a possible claim in the near future. Increase your deductible amount. This is the amount that you agree to pay in the eventuality of a claim before the insurance company pays up. What this implies is that you are taking a risk of paying more if the need arises. But if you are a cautious driver and are confident that you are likely to be so in the future too, it will knock off a sizable chunk from your yearly payouts. Even the make of the car can determine how much you pay for the insurance of the car. Attractive and expensive cars are more theft prone and hence make the car insurance expensive. The inherent nature of the car and the likely profile of the user can also determine the insurance amount. Volvo, a symbol of safety, is likely to be driven responsibly but a Mustang is likely to be driven by a less cautious driver. Therefore if you are planning to buy a car in the near future, spare a thought on the insurance front too, since a low-profile car can have a lower insurance cost. Take precautions to theft proof your car. This can affect your risk profile immensely, apart from giving you a general peace of mind. Cars equipped with anti-lock brakes, air bags and automatic seatbelts are also eligible for insurance discounts. Remember not to just go after the cheapest quote you get in the market. Do your homework, compare quotes and reimbursement track records of several insurance providers before you finalize your car insurance company. Jon Atkinson recommends that you visit http://www.cheap-autoinsurance.com/ for more information on cheap car insurance. Article Source: http://EzineArticles.com/?expert=Jon_Atkinson

Auto Insurance : 3 Top Points You Really Need To Think On How Much Auto Insurance ...

3 Top Points You Really Need To Think On How Much Auto Insurance ... Car insurance is really a evil as you need to have a very tricky mind to make decisions on how much insurance you pay. What is the limit I need to pay? Am I paying too much? It can be a big trouble for you. How can we protect ourselves from not paying too much? The best way is to be more liberal with the automobile policy limits wherever they count. In fact, I am going to explain step by step of the process of purchasing the suitable car insurance. Firstly, the liability coverage is the main portion of auto insurance that really comes into play when you get an accident. In many states, this coverage is the part of law policy. However, you may feel confused as the required limits are usually pretty low. You usually take higher risk paying higher policy limits. For example, in case you are living in a place where the minimum liability requirement is $55,000, which will be the amount that all the insurance will cover in a crash. It looks good but that means that if another person is in serious injured and the property damaged alot, the real costs can be alot more. You can find that the $55,000 is really not enough. Actually, you can protect yourself and your assets in a crash by increasing bodily injury coverage limit and liability insurance. Therefore, rather than taking the basic $55,000 limit, simply choose $200,000 per person and $400,000 per accident. fortunately, the cost difference of the insurance policy is similar as well as you can save alot more if you get an accident. Furthermore, the higher limit policy you choose can also give your lawyer leverage after an accident. More of the time, the other party can settle for the limit of the policy. You can then be kept out of the court. However, if you have the low coverage policy, then they may not tend to settle the case easily. They are likely to sue you instead directly which is that you do not that to happen. Hopefully I have given you a few things to think about. While having too much insurance is a waste of money, not having enough can lead to tragic events, which will have effects on the rest of your life. If you are wise you will protect yourself and your assets in the event of a crash by making sure a reasonable amount of coverage is provided. It is correct that you might pay a few more bucks a month for a higher limit policy and you might not have chance to use it but it means a lot difference if you get a big crash. It will wise in long run. Rashme Wong is a successful Internet Marketer and publisher of Top Auto Insurance Providers. A website that specializes in providing auto insurance advice to include easy ways to get a better estimate from an discount auto insurance that you can search and learn from the comfort of your home. Article Source: http://EzineArticles.com/?expert=Rashme_Wong