Looking for the best auto insurance recommendations!
I recently received several quotes for new auto insurance on my vehicles and am considering making a switch. After comparing my options, it seems that broad form insurance might be the most cost-effective choice since it covers everything I drive, despite only meeting the state minimum plus uninsured motorist coverage. The best quote I found for standard auto insurance is $435 per year for just one vehicle, which is similar to what my dad pays for his broad form insurance. I typically drive one vehicle about 6,000 miles a year, while the other is my daily driver.
What would you suggest I choose and why?
Additionally, could you let me know which companies offer broad form insurance? Thank you!
When it comes to auto insurance, it’s essential to find coverage that meets your needs while staying within your budget. Given that you’re considering broad form insurance, here are a few points to consider:
Coverage: Broad form insurance typically covers multiple vehicles but only provides liability coverage on one vehicle at any given time. While it can be cost-effective, make sure you’re comfortable with the limited coverage compared to a standard policy that might offer more comprehensive benefits (like collision and comprehensive coverage).
Mileage: Since you only drive one vehicle about 6,000 miles per year, a broad form policy might suffice if you’re primarily using one car and don’t require extensive coverage.
Financial Security: Evaluate your financial situation—if you can cover potential damages out of pocket, the savings from broad form might be appealing. Conversely, if having full coverage gives you peace of mind, opting for standard auto insurance could be worthwhile.
Shop Around: Companies that sell broad form insurance can vary by location, but some common providers include Progressive, State Farm, and Geico. Be sure to check local providers as well, as they might offer competitive rates.
Compare Quotes: Get quotes from multiple companies for both broad form and standard policies and carefully compare the coverage options and limits.
Ultimately, choose the policy that fits your driving habits and financial comfort best. If you’re unsure, consider discussing your situation with an insurance agent for tailored advice.