Finding substantial, supportive insurance within your budget can require some work. It is important to beware of misleading ads that boast cheap auto insurance in your search. Cheap and affordable may seem like insignificant distinctions, but there is a substantial difference that could end up costing you more trouble than the money you saved.
The Benefit of Affordable Protection
Affordable policies help drivers protect themselves and their vehicles while maintaining a balance with what the insurer truly might need. They protect drivers against actual costs for bodily injury and property damage liability, provide enough personal injury protection to shield them from damages, and also give collision and comprehensive benefits that protect them from the financial damages associated with fire, theft, accident and more; something a cheap policy wouldn’t dream of doing. Affordable policies can also protect policyholders against damages caused by uninsured or under-insured drivers. Sometimes, you can even create an affordable policy with additional protections, such as loss of use.
Also, affordable policies have deductibles that may not be as low as “cheap” auto insurance but will save you money in the long run. They help reduce the premiums by shifting part of the risk onto the policyholder, but they are figures that a policyholder can afford. People often forget that deductibles on auto insurance policies are per incident. A high deductible could mean trouble for a policyholder’s financial goals if they have more than one incident in a year. Low limits don’t actually stop you from being liable for damages you cause. They simply limit the insurance company’s responsibility to pay. You must pay out-of-pocket for anything that exceeds the limit.
The Problem with “Cheap” Insurance
State regulations are satisfied by cheap auto insurance. It has minimal coverage for bodily injury and property damage liability, the minimum required for personal injury protection, and deductibles so high that it could easily wipe out your savings account. Often, the limits required are not enough to actually cover the average dollar amount of claims in your area. Since you have no protection for collision or comprehensive coverage, there is no mitigation for damages your car endures during an accident. Between the lack of meaningful coverage offered by these policies and the sky-high deductible, the premium is cheap.
To help you in your search, we will create a policy that’s affordable – not cheap. We will work to find a policy that offers you and your family meaningful protection with premiums that fit your budget. Just give us a call for your free Arlington auto insurance quote today at 817-635-0375.