Why Basic Auto Insurance Isn’t Always the Best Choice

When shopping for car insurance in Stamford, CT, there is always the temptation to stick to the cheapest option or one that just meets the state requirements. When purchasing car insurance, you need to strike a balance between cutting costs and getting coverage that meets your needs.

Don’t find yourself stuck in a financial mess because you chose basic insurance. At Allkane Insurance, we always advise our clients to stick their necks out for more car insurance options. Here are reasons why basic auto insurance won’t cut it. 

Why Basic Auto Insurance Isn’t Always the Best Choice

The limits are insufficient

If you opt to stick to Connecticut’s mandatory car insurance, you should have $25,000/$50,000 of bodily injury liability and $25,000 property damage liability. If you look at these amounts, you may think they are sufficient, but they are so little when you are at fault for a severe car accident.

We always advise our clients to consider higher liability coverage limits. Usually, 100/300/100 works for most motorists, but should you need higher coverage, umbrella insurance and excess liability are excellent options.

Basic insurance doesn’t cover you or your vehicle

Most states require motorists to maintain liability coverage as the minimum requirement. Liability coverage doesn’t protect you — it covers other people. For instance, bodily liability coverage covers medical costs of other people when you have caused an accident. This coverage doesn’t cover your injuries.

Because of this limitation, we always tell our clients to consider other car insurance options for all-rounded protection. Optional coverage options you can consider include:

  • Comprehensive and collision coverage
  • Medical payments coverage
  • Uninsured/underinsured motorist coverage
  • Roadside assistance coverage

Want to know whether you have the right amount of car insurance? Instead of taking chances, why don’t you get in touch with Allkane Insurance? Else, you can pop in our Stamford, CT offices for a one-on-one chat with one of our agents.

 

What auto insurance is required in Connecticut

Getting out on the road in Connecticut takes you to historic towns and beautiful beaches. For such a small state, Connecticut offers a very diverse environment. Traffic accidents happen even in the nicest places and making sure you are protected is important. At Allkane Insurance in Stamford, CT, we have been in business since 2009. We access many carriers which allow our customers to benefit from our personal service and knowledge.  

When it comes to personal auto insurance, the state of Connecticut mandates you carry insurance that protects other drivers from you. The limits required are $20,000 in personal injury for the first person injured in an accident where you are at fault and a total of $40,000 for each accident. You also must have $10,000 in property damage liability. For such an expensive state, these are pretty minimal limits.  

If you have assets that are more than very basic, you should probably consider getting a higher liability limit than the amount required by the state. Talk to your insurance agent about the amount of liability insurance you have. 

If you have a lease or a loan on your vehicle, you will be required to have liability and comprehensive coverage. These protect your car. If you are a person who counts on your vehicle for your everyday life, you should consider having this coverage as well. 

Having collision coverage will repair your vehicle after a deductible when you are the responsible party in an accident. Comprehensive will cover things that damage your vehicle that are beyond your control, things like theft, storms, vandalism and hail not to mention a moose in the road in front of your vehicle. This is necessary coverage if you want to have a car to drive and yours gets damaged. 

Contact Allkane Insurance in Stamford, CT when you have auto insurance needs. 

Do All Auto Insurance Policies Cover Towing and a Rental Car After an Accident?

Auto insurance policies can be confusing, considering the different types of policies and types of coverage you have to choose from. At Allkane Insurance in Stamford, CT, agents can explain all of the benefits so you can make an informed decision. Two of the most common benefits people inquire about are towing and the option for a rental car after an accident. The right agent will be able to provide you with the type of coverage you are looking for.

Types of Policies

Not all policies are the same. PL/PD policies only cover the other driver if you are in an accident. Collision only covers damages related to an accident involving a collision. Comprehensive covers a wide variety of damages and losses, including vandalism and theft.

Adding Additional Benefits

A comprehensive policy may include towing and rental car coverage if you get a more inclusive policy. In some cases, however, you may have to ask for it to be included. This can sometimes depend on the insurance carrier. If you aren’t sure if towing or rental car coverage is included in a specific policy, talk to your agent, and if it isn’t covered, they can take steps to add them to your policy.

Car owners in the Stamford, CT area can rely on the agents of Allkane Insurance to provide them with the answers they need to make the best possible choice. If you have questions about what benefits are included in your auto insurance policy, ask your agent for a policy review. They can explain your benefits and add towing and the rental car option if you don’t already have them. Talk to your agent today!