Is It Time to Re-evaluate Your Auto Insurance Coverage?

Many people pick a car insurance policy and stick with it for a significant amount of time. While there are potential upsides to staying with the same policy over time, there are also benefits to investigating new coverage options. It is important to ensure that your current policy covers you through major life changes. Find out if it is time to reevaluate your auto insurance plan.

Buying A Home

Any major life change will have an impact on your coverage needs. One major life change is buying a home. Homeownership is a big investment in your future. In order to keep your investment safe it is often necessary to change your level of auto insurance coverage. If you are involved in an accident and do not have enough coverage, your assets could potentially be vulnerable if a driver sues you for damages. One basic recommendation is to purchase the highest limits you can comfortably afford in a wide range of coverage areas. These include bodily injury, uninsured motorist bodily injury and property damage.

Another reason to reevaluate your coverage when you purchase a home is to look for potential discounts. Drivers are often able to score savings simply for owning a home. There are sometimes even discounts available for bundling policies. This can reduce the premium you pay for car insurance. Search for auto insurance in Salt Lake City to find the best rates for homeowners.

Getting Married

Statistics show that a person who is married gets in fewer accidents than someone who is not married. Data from the National Institutes of Health shows that the risk of an accident reduces by half for those who are married. As a result, the general rule is that combining your policy with your spouse will result in a discount. Additionally, you may be eligible for discounts if you have multiple vehicles that will be covered in your household.

There are many caveats to the general rules about marriage. Each individual’s driving record will be examined by the insurance company. If your spouse has a record of multiple accidents or tickets it will cause your rates to rise. In those cases, combining policies will not usually result in savings. Other aspects that will be considered include the value of the vehicle and the amount of daily travel.

Changing Times

Keeping the same policy may be convenient. It means not having to look at quotes or compare coverage from different companies. It also means that you can have a lasting relationship with the company that provides your coverage. However, these benefits do not outweigh the necessity to have complete protection for all of your changing needs. You can easily find quotes for your changing needs by searching for car insurance in Salt Lake City.

Any change in your life can have a dramatic effect on whether or not you have the right protection. Without careful evaluation of your current status you may eventually find yourself in trouble. Taking stock of your coverage needs will ensure that you have the right auto insurance when you need it.

ASA Insurance provides excellent coverage for car and home insurance in the Salt Lake City area with the lowest rates to the English and Spanish communities. Affordable rates and superior service for all home, auto and business/commercial insurance needs.

Asa Insurance provides excellent coverage for auto insurance in the Salt Lake City area with the lowest rates to the English and Spanish communities. Affordable rates and superior service for all home, auto and business/commercial insurance needs.