Car insurance can be expensive, so you might think about a cheap car insurance plan to save some money. In this guide, we'll decide if those plans are worth it.
An estimated 2.35 million Americans are injured or disabled from a car accident every year. The fatality rate? You wouldn't want to know...
It's common to select cheap car insurance because we need the coverage but don't want to spend a whole lot. We feel impervious to accidents so we complain if it's high -- until it happens.
Is cheap car insurance worth it?
Not all cheap car insurance cover liability, collision, and comprehensive coverage.
It's liability and collision most pick up. It covers the legally required basics and comes at a low monthly rate. What if the accident is worse than you thought?
These are the problems with cheap insurance:
Know this: The minimum is the minimum.
This covers minor incidents. If you experience anything major you could be cursing yourself for skimping on the coverage. It's better safe than sorry.
Don't worry. Because even with the higher-end insurance...
Say you made the decision to avoid cheap car insurance -- you want to ensure you're covered but the bills are still high.
There are ways to reduce costs of insurance as a whole:
It's on you but insurance is required either way. Every state requires a different level of insurance coverage -- it also depends on your budget. A few extra bucks each month can make the world of difference in coverage.
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