Requirements for car insurance can be as individual as the car you drive; everyone has different needs. Most states have minimum requirements for liability coverage, but you may want to consider coverage options that go beyond the basics. Some options provide better financial protection while others are simply designed to make life easier and get you back on the road as quickly as possible.
This option covers costs when your car breaks down, paying for things like towing, flat tire repair, dead battery jumpstarts or even costs when you run out of gas or lock your keys inside the vehicle. This is particularly helpful coverage if your vehicle is older, or if you travel frequently.
If you need a rental car while your vehicle is being repaired after an accident or other covered incident, this option covers the cost, up to an amount specified in the policy. If you don’t have access to another vehicle while yours is in the shop, this coverage could pay for itself after just one incident.
If your car is less than a year old and is declared a total loss from accident or another incident such as theft, fire or flood, you could benefit from New Vehicle Replacement coverage. Typically, auto insurance will pay just the depreciated value of your old car, but this feature makes up the difference by providing you with funds for a brand-new car of the same make and model as the totaled vehicle.
If you have a good record as a safe driver, you may want to consider a Diminishing Deductible program. A deductible is the amount of money you must pay before your regular auto insurance coverage takes over to cover cost of repairs under your collision or comprehensive coverage. The Diminishing Deductible option rewards certain claims free activity with a deductible which decreases over time to a specified amount.
Sometimes you need extra insurance that goes beyond the limits of your regular auto liability coverage. Umbrella liability coverage gives you an extra layer of protection for your assets if you are sued resulting from a car accident. An Umbrella policy can also provide you with protection over other insurance policies such as homeowners, recreational vehicle, or boat.
How much and what types of car insurance coverage do you need? Most people need more than the minimums required by state law. Alaska USA Insurance Brokers offers insurance options to provide members coverage that provides extra protection, simply designed to make life easier.
A good insurance broker can make recommendations that work best for you. Request a quote and we'll help you get started.
Looking for ways to save? If you insure all your vehicles under one policy, if you bundle your auto and your homeowners’ insurance together, or if your student does well in school, you could qualify for auto insurance discounts.
The rates you pay for auto insurance are partially determined by how you use your vehicle. If your vehicle use has changed and you drive fewer miles each year because of a job change or retirement, you could save money.
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