Almost every motorist across the nation is looking for a way to save money on their car insurance. After all, everyone needs it, and it's quickly becoming a commodity. So, why not get it on the cheap, right? However, not all auto insurance is created equal. Sometimes, you get to keep more money in your wallet by refusing the cheapest car insurance. There is a difference between quality insurance and value insurance. Here's what you should consider when reviewing or looking for auto insurance in Hudson, NY.
You could put your assets at risk.
You are required to carry a certain amount of liability coverage. For New Yorkers, it is $25,000 for bodily injury to one person, $50,000 for bodily injury to all persons, and $10,000 for property damage in any one accident. Mandatory "no-fault" coverage of $50,000 is also required. However, this is the bare minimum of what you should carry. If you are at fault for an accident and cause another driver to spend $40,000 on medical bills, your insurance company would pay for $25,000 of that, but you would be responsible for the rest. Cheap auto insurance usually means low or minimum coverage. Consider raising these limits to protect your future earnings and assets.
You could miss out on policy features.
Cheaper auto insurance might offer great prices but not offer valuable features that you could benefit from. Quality coverage comes with features and additional options like Small Claims Forgiveness, Incident Forgiveness, and Comprehensive Claims Forgiveness. That way, you don't have to worry about losing your coverage because of one little dent.
Dropping uninsured motorist coverage can be risky.
Although auto insurance is required, not every motorist has it. If a driver with no or little insurance significantly damages your car or injuries you, you could be left with major expenses. Uninsured and underinsured motorist coverage can help you in these situations.
Skip the search of looking for the right car insurance by contacting Lofgren Agency directly. We can help you find optimum coverage for your vehicle at the right price.
