A lot of people dislike paying auto insurance premiums. They want to put it out of their heads, or not pay it at all. However, many states are now making car insurance mandatory. If you are caught driving in these states without insurance, you could be fined, and those fines are sometimes more expensive than paying insurance premiums.
If you have insurance, now is a good time to check your coverage, too. Carrying only liability may leave you with no car, and a possible lawsuit from other drivers looking to recoup the total sum of the damages from an "under-insured motorist." Here are a few reasons for checking your coverage, as well as how to increase it.
Better and Greater Coverage Means Everybody Is Covered
Imagine being in a car wreck where the medical bills for yourself, one passenger, the other driver, and their passenger equal more than one-hundred-thousand dollars. If your car insurance does not have enough coverage for medical to cover those bills, the other driver could sue you for the rest. Likewise, collision insurance covers the costs of vehicles you may hit that are worth two to five times the value of your own vehicle (e.g., a Maserati or Lamborghini). Without collision, or without increasing it to an amount that would cover damage to a hundred-thousand-dollar car, you would have to pay the difference. When you have better and greater coverage, everything is covered, no matter what.
It Does Not Cost That Much More to Increase Coverage
People are often really surprised to learn that the cost difference between the basic comprehensive, collision, and liability insurance package and the highest tier of insurance coverage is not that big of a leap. Considering that you would lose your shirt in a lawsuit where you do not have enough insurance to cover medical bills and damages from accidentally hitting someone who was driving a very expensive luxury car, the extra fifty to three hundred dollars you are charged each year for maximum coverage on your own vehicle is totally worth it.
How to Increase Your Coverage
Look at it this way; increasing your coverage is an investment in your future. You are protecting your future self and future family by making sure there is no accident or situation in which you will spend the rest of your life paying for it. Just go online, log into your insurance provider's website, create an online account if you do not already have one, and check your coverage. Then select "change coverage" or "edit policy" and choose the increased coverage that covers you to the max. Pay the difference between your current policy and your new policy so you can breath easy for the next six months or a year, depending on what you pay for and how you pay for it.
Contact an auto insurance provider for more help.