Price Insurance Exchange

Understand your coverage . You are required by the state to have Liability coverage, and the same limit applies to all vehicles on the policy. Basic full coverage is typically required if you have a lienholder, to protect their interest in the vehicle until it is paid off. There are optional coverages that are available at an additional cost. Uninsured Motorists coverage (highly recommended, but not mandatory) takes care of your vehicle if someone hits you, it’s their fault, and they don’t have auto insurance. Personal Injury Protection, Rental Reimbursement, and Roadside Assistance are other examples of optional coverages.  Do the math . If you have collision coverage on an old, high-mileage vehicle that is paid off, check the car’s value. It may not take much damage for it to be declared a total loss, and you may be surprised to find out it’s not worth paying the extra for full coverage. If you owe more on your vehicle than it’s worth, some insurance carriers offer coverage...