You can compare car insurance prices by the amount of liability coverage provided, cost of the deductibles, whether the policies include uninsured and under-insured motorist coverage, and whether the price includes discounts, according to Allstate. It's best that motorists get quotes from at least three different insurance providers before choosing a policy.Continue Reading
Liability coverage takes care of any damage a driver causes to other drivers, vehicles and property if he's at fault for an accident, notes Allstate. While each state has a minimum on how much liability coverage a driver must have, that minimum may not be enough to take care of all of the damage. If it's not, the driver at fault has to pay the difference on his own.
Deductibles are the amount of money a policyholder has to pay before the insurance company starts to repair or replace a damaged vehicle, explains Allstate. Higher deductibles lower the overall cost of premiums, which isn't always beneficial if the policyholder doesn't have instant access to the necessary funds.
Under-insured and uninsured motorist coverage protects policyholders in the event that they are in an accident with a driver who either doesn't have insurance or doesn't have enough to cover the damages incurred, reports Allstate. Without this coverage, the policyholder is financially responsible for damages.Learn more about Vehicle Insurance