Car insurance

If you’re responsible, you need car insurance.

If you’re a responsible adult with an automobile, you need car insurance, and the beginning of the year’s a good time to review the facts about this necessity of modern life.

The first thing to review is the types of car insurance.

Liability insurance is required by law in most states and it covers other people affected if you are at fault in a crash. That coverage includes property damage and injury. Some states are no-fault states, which require you to carry insurance to cover your personal injuries, regardless of who caused a crash.

But your insurance needs don’t stop with liability insurance. You’ll very likely want collision coverage to handle any wrecks, and comprehensive coverage that can help make you whole should something other than a wreck damage your automobile.

Think long and hard before you buy the bare minimum insurance required by law. As Karin Price Mueller writes for Consumerist:

“Sure, buying the minimum amount of coverage allowed by law (or by your lender) will save you money, but it won’t save you anything in the long run if you ever have a claim. For example, if you choose a high deductible policy, you’ll have cheaper premiums. But that also means you’ll have to fork out more cash before you can make a claim. If you have a huge emergency fund, maybe that works for you, but you could spend more in the long-term.”

You’ll also, of course, want to think about rates. Numerous factors can determine the rates you pay. Those include things like where you live, the kind of automobile you drive, your driving record and your credit record. Rates can also vary depending upon the insurer.

Seeman Holtz takes the same care with auto insurance as it does with home owners and other insurance. Here’s what the Boca insurance company has to say: “We will start by analyzing your current auto insurance policy and offer independent, objective advice. If in fact changes need to be made, or if you need a brand new policy, we will secure quotes from the best national auto insurance carriers across the nation to make sure you receive the most extensive coverage at the best rates possible. “