You’ve got the wheels and you’ve got your license, everything is all set and ready to go in terms of actually owning or leasing your car but there are some extra steps you still need to take. We know that people don’t like to think about having to get insurance, a lot of people deem it as a hassle and something that is going to end up costing them more money than their time is worth. Sometimes we don’t really know what kind of coverage we’re looking for, especially when it comes to our auto insurance, so let’s take a look at how much car insurance you really need for your four-doored baby with a bit of help from financial guru Dave Ramsey along the way.
There are a lot of things that you need to consider when you’re shopping for auto insurance, so let’s run through some of the basics. Make sure you’re keeping in mind how old you are and the assets you have, not to mention your driving record. How high is your risk tolerance? Think about how many accidents you’ve been in, in the past and what kind of coverage you might need if that number is on a higher scale. Not only that, but you need to make sure you think about how you’re able to pay out of pocket in the event that a claim comes up. One of the biggest things is checking what discounts are available to you, too. Insurance can be a bit on the costly side, but discounts are your best friends. Ask around and compare rates because the chances are you’ll end up getting better coverage locally than you will with some bigger agencies.
Now you’ve went ahead and made sure that you’ve covered the basics, you’ve considered the factors of age, assets, driving record and even how to pay in the event of a claim. With all that settled what’s left is to decide how much you need to spend on coverage and what coverage works for you. First consider what your state requires in terms of coverage, what is the minimum of coverage that you need. Many states have different laws about what type of insurance they need for their vehicle, so make sure you’re educating yourself on that before you start shopping around. If you end up shopping around first then check locally and ask your insurance agent if they are aware of what type of coverage would be best for you based on the state laws. Consulting an insurance agent is probably the easiest way that you’ll figure out what type of coverage is right for you. Consult a few different agencies and compare what they’ve said and their prices to find what’s right for you.
Maybe there are still a few things that you’re a bit confused about or maybe there are some terms that you’re unsure of, but that’s where we can provide you with a little bit of help. Dave Ramsey has taken the liberty of explaining some of the most valuable information that you’ll need when looking to get a quote or when looking to figure out which coverage is the best for you. Not only is he there to provide the help you need to make sure you’re getting the coverage you want, but Dave Ramsey has a financial plan to make sure that you’re budgeting and saving money in the most effective ways possible.
These are just a few of the steps that you can take in order to get started when looking for the best coverage.. It’s best to do all of your research before delving into the first insurance company that you talk to because you never know what the next company will offer. We know a lot of people find shopping for insurance to be a bit time consuming, but it’s worth it to make sure you’re getting the best coverage at a rate you’re comfortable with. Try out Young Insurance, a company that is specifically approved by Dave Ramsey or if you have any questions or concerns then feel free to contact us, we’d love to help you out or just chat!