Thursday, November 10, 2011

Finding The Right Chicago Auto Insurance

Traveling for any occasion should be a fun and interesting experience. I have traveled using many different means of transportation in the past. Obviously I have previously spoken about using a charter bus for group transportation, but not every trip is planned with a group large enough to support a bus. In that case, many trips are taken in a care, aka “a road trip.” I feel that if I were to take a survey about enjoyment levels of a road trip it would come back as either love it  or hate it. Regardless, it is the most economical means of transportation for small groups to travel. But there are a few things to think about before you hit the road.
Most importantly, what if something happens? Will you have the right insurance to cover damage? Say you are in Chicago, is your policy considered Chicago auto insurance?  Auto insurance, in my opinion, is becoming a major expense in every budget of an American that owns a car. This is for good reason because its purpose is to protect one of the most expensive purchases a consumer can make. The problem is most people do not understand their policy and find out the hard way after an incident. There are a few major questions to address when determining what kind of coverage you need. Factoring into your decision should be previous driving record, type of vehicle you are purchasing, and how of often you drive. Using these determining factors will get you the coverage you need.
Some insurance companies will do anything to get your business. They can manipulate plans to appear budget friendly when in fact, they may end up costing more if a claim was ever filed. This is because of the main types of auto insurance that is offered, full coverage and liability. It is fairly easy to understand that full coverage covers damages to your car but at what cost to you. That’s when your deductible plays in. Some plans that are cheaper monthly may have high deductible making it hard to get your car repaired. Others are low, but you will pay higher monthly. Either way if you drive extensively or your car has a decent value, than full coverage may be best. Liability insurance only covers damages to other vehicles. This type is often referred to as minimum coverage. You can end up in a mess with this type of insurance if you happen to get in an accident and your car is totaled. There are also add-ons such as incidental coverage that covers vandalism and other incidental damage. In the end, it is important to choose the right coverage for your vehicle and lifestyle. This is something that consumers may not spend a lot of time researching until something bad happens. My suggestion is to take a look into your insurance before a long trip. It can really come in handy even if it’s just something small that happens and you just need a tow!  

No comments:

Post a Comment