Consider the following three questions with the help of your agent:

How much Liability Coverage should to carry on your car insurance

How much you would have to pay if you were to cause an accident is unpredictable.Ask yourself how and if you would be able to pay for any damages exceeding your coverage liStock_000004049222Smallimits. The higher your liability coverage limits are, the more likely your policy will be able to cover all of the damages.

What should my collision and comprehensive deductibles be?

Higher deductibles lower your premium but increase the amount you must pay out of your own pocket if a loss occurs. About 90% of policy holders have $500 deductibles. If your vehicle is leased or financed you may be required to carry a deductible of no more than $500. Ask yourself how much you would be able to pay out of pocket on short notice in order to save on your premium.

Should I carry collision and comprehensive coverage on my Auto Insurance?

You may be required to carry collision and comprehensive coverage (full coverage) if your vehicle is leased or financed. Once you have paid off your car, and its value decreases, you might consider dropping these coverages to save money on your premiums. Consider, though, whether the savings would be enough to offset the risk of having to pay the entire cost of repairing or replacing the vehicle.