Risks of Lowering Auto Coverage

Last Updated:
March 22, 2019
Karen Spencer
Time to Read:

Dropping some of your car insurance coverage - like comprehensive or collision - to the lowest legal level can cut your premium but it could also put you at serious risk.

Determining Which Coverage You Need

An automobile insurance policy is designed to provide you with a level of protection against property, liability, and medical costs if you are involved in an accident.

Property Coverage - Pays for damage to or theft of your vehicle.

Liability Coverage - Pays for your legal responsibility to others for bodily injury or property damage.

Medical, Rehabilitation, Attendant Care Coverage - Pays for the cost of treating injuries, rehabilitation, and sometimes lost wages and funeral expenses.

Under-Insured Motorists Coverage - Pays for property damage and bodily injury caused by another driver whose coverage is insufficient to cover damages suffered.

Selecting the correct liability limits is fundamental.

Collision Insurance - Know the Value of Your Car

Your policy will not pay for repairs that exceed the value of your vehicle. For this reason, if you are driving a vehicle that isn't worth more than a few thousand dollars, it may not make sense to purchase collision coverage. Scrivens can help you determine whether or not collision insurance makes sense for you.

We're Here To Help

Accidents happen to cautious drivers too and having adequate insurance can save you from serious financial burden should one happen to you.

We can help you determine which automobile insurance coverage is needed and what limits to buy. Click here to find your broker's contact info.

Top Ways to Save on Your Auto Premium

  • Consider raising your deductible
  • Keep a good driving record
  • Drive a car with safety features such as anti-lock brakes, airbags
  • Install an anti-theft device
  • Ask about mutli-policy discounts