Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Auto Insurance Coverage Types and other Car Insurance topics.
When you purchase a car insurance policy, don't think "spending all you can afford" is the correct rule of thumb. Instead, ask yourself these five questions to determine the auto insurance coverage that is right for you.
1. What is the minimum car insurance coverage required by law in my state of residence?
2. What does this minimum auto insurance cover?
3. What other car insurance coverage is available?
4. What am I protecting?
5. What can I afford?
Shopping for car insurance online is a quick way to do your research quickly and thoroughly. You can compare the coverage and the costs.