The new year is a great time to evaluate options and make important changes to your life. Auto insurance is something that we all need and rely on when it’s most important, but we often forget about until then. Don’t make that mistake. Ensure you are properly protected this year by considering these 5 auto insurance tips for 2020.
1 – Increase Coverage Limits
Your auto insurance policy includes many different coverage types. Each one is listed with a dollar amount, which represents the coverage limit. If you have only the minimal coverage provided by law, consider changing that. Increasing coverage limits is usually inexpensive but extremely valuable when the need arises.
2 – Consider Add-on Coverages
One of the most important auto insurance tips for 2020 is to evaluate your coverage. Massachusetts law requires the following types of coverage, but there are certainly more that you should probably add to your policy.
- Bodily Injury to Others
- Personal Injury Protection
- Bodily Injury Caused by an Uninsured Auto
- Damage to Someone Else’s Property
Add-ons available to you include:
- Medical Payments
- Limited Collision
- Substitute Transportation
- Towing & Labor
In many cases, the cost for these add-ons is minimal considering the tremendous value they provide. Learn more by requesting a free quote.
3 – Purchase an Umbrella Policy
Given that auto insurance has its limitations and the damages from an accident can be extremely costly these days, consider purchasing a personal umbrella insurance policy. Umbrella insurance kicks in when you reach the limits of your auto insurance or homeowners insurance policy. It provides critical coverage for high-cost accidents for which you might otherwise be personally liable for damages. Best of all, these policies are fairly inexpensive and provide high coverage limits.
4 – Look for New Discounts
Insurance rates and discounts are always subject to change. You may qualify for more or new discounts this year, so it’s a good idea to check. Contact your insurance company to inquire about any new discounts available. Additionally, think about changes in your life that may be related to discounts. For instance, if you changed employers are now a member of a club or association, there may be special discount programs for which you qualify.
More Auto Insurance Tips for 2020
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