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How Much Car Insurance Coverage Do You Need?

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Car Insurance Coverage in San Diego, CA

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Most drivers in California choose auto insurance policies that fall under statutory mandates for liability. In other words, they ask their agents for the lowest premiums that allow them to register their vehicles and legally keep them on the road. While this approach is in line with personal finance goals, it often leaves drivers with insufficient coverage when they face certain situations. Ideally, you should think in terms of getting the most comprehensive coverage available for you as a driver and for your vehicle as an asset that needs to be protected. The following aspects of auto insurance can help you determine how much coverage you should get.

Minimum Liability Coverage

When California insurance regulators dictate the statutory minimum amount of San Diego auto insurance coverage you should obtain, they are looking at three factors:

Bodily injury experienced by one person in an accident
Bodily injury experienced by multiple parties in an accident
Property damage caused in accident

California is a 15/30/5 state, which means the minimum coverage you should get is $15,000 for individual injury, $30,000 for multiple injuries, and $5,000 for property damage.

Collision Coverage

The 15/30/5 rule only applies to injuries and damages to other parties in an accident. It does not cover what happens to your own car. Collision coverage is a feature banks require to extend auto loans, and in some cases lenders may also require low deductibles that increase the policy premium. Collision coverage varies according to the value of the vehicle.

Uninsured Motorist Coverage

Uninsured motorist coverage is based on the socioeconomic reality of not all drivers following the rules. Quite a few vehicles these days are driven by individuals who either don’t have insurance or whose minimum liability coverage is inadequate. When your insurance agent mentions this type of coverage, it’s highly recommended to include it as part of your policy.

Comprehensive or Full Coverage

All drivers should strongly consider a comprehensive policy because it offers ample coverage limits along with clauses and provisions that provide benefits such as roadside assistance, rental cars while your car is in the shop, and legal assistance. While premium payments are higher for this kind of policy, the absolute peace of mind is certainly worth it. Some insurance companies will offer comprehensive coverage at lower premiums if you bundle other policies. For example, homeowners insurance with a healthcare plan plus full auto coverage. The benefits in this case go beyond the lower premiums. If you’re injured in an accident caused by a natural disaster, the combined coverage your auto and health policies provide could mean not having to worry about medical bills. Some full coverage policies offer the convenience of zero deductibles, which are comfortable in terms of personal finance.

If you need reliable auto insurance, turn to Altra Insurance Services. We are also a leading provider of affordable motorcycle insurance. San Diego vehicle owners can call (800) 719-9972 today for a complimentary quote on insurance coverage.

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