Shopping for car insurance isn’t exactly fun. Living in Youngstown or Niles, OH, there are requirements you have to consider. That says nothing about comparing costs and coverages. It’s a general headache, but a little help can go a long way.
Can we have too much auto insurance?
Yes, it is possible to have too much coverage on a vehicle. You can have redundancies that you don’t need — like having AAA and roadside assistance on your insurance. More important than any of that is the premiums. If your premiums are high enough that they’re hurting your ability to pay the bills, then you have too much insurance. Before you go slashing coverage, though, there are some ways you can lower the monthly bill. First, you want to look at deductibles.
In many cases, a higher deductible will lead to a lower monthly payment. Second, you want to hit the discounts. Bundling, military service, company contracts, and a bunch of other factors can save you money. Talking with your Ruddy Insurance Group agent can help you find every last discount.
There is more to this than excessive insurance
Technically, you can carry excessive coverage on a vehicle, but it’s pretty uncommon. Remember, the point of protection is to make sure you have a working car after an accident. You also want a policy that covers potential injuries. Those two things make up the bulk of the cost of your plan. If you’re trying to lower your premiums, you want to reduce the payout for these two things only as a last resort. In many cases, state requirements will prevent you from lowering personal injury coverage anyways.
The best way to make sure you aren’t paying too much or covering too little is to invest a little time. Compare prices, shop around, and then let Ruddy Insurance Group help. If you do the work, you can save some money, maintain peace of mind, and get back to life in Niles, OH.