Looking to the Future: Auto Insurance in 2020

(Photo : Looking to the Future: Auto Insurance in 2020)

Are you looking for a new auto insurance policy or considering switching providers for a better deal? Now is the right time to apply as insurance companies are offering more benefits than ever before.

In 2020, families and military personnel can receive better discounts and broader coverage. Plans can be customized to suit your unique driving situation, and this means your money will go further.

Before you get started, there are a few things you should think about when choosing an auto insurance policy. We have compiled a list of questions you should ask yourself before applying.

Are You Eligible for a Discount?

Some insurance providers will give you a discount on your premiums based on your situation. For example, USAA is a leading insurance company, and even before any concessions, the rates are competitive. However, there are further advantages for military personnel, families and safe drivers, as they have access to additional savings.

Another way you can save money is by using one insurance provider for your car, home and life insurance policies. You could receive a bundle deal with the convenience of one account.

How Often Do You Drive?

Look for an insurance provider with the flexibility to adjust your policy to suit your driving habits. If your car is in storage for the majority of the year, you should expect a much lower premium compared to someone who drives daily.

For those who use their car irregularly or for short distances, a plan based on yearly mileage may be the best choice.

Do You Have Passengers?

If you have passengers in your vehicle, you can protect them as well as yourself. Personal injury protection, disability coverage, and underinsured and uninsured protection are a few options that may be available. These extras will give you peace of mind that everyone in your car is financially secure if an accident does occur.

Ridesharing is a popular way to earn money. If you offer this service, you should ensure you have appropriate insurance. Some providers will boost your auto insurance with affordable ridesharing coverage.

Is Comprehensive Coverage Right For You?

Liability auto insurance will cover costs associated with bodily or property damage for the other party if the accident is your fault. It won't protect your vehicle or your finances, so it can be worth upgrading to comprehensive coverage.

If your car is of value or under finance, this can protect you in case of an accident, fire, theft, vandalism or hail damage. 

Do You Need Roadside Assistance?

Most insurers can include roadside assistance as part of your policy. If you break down, lock the keys in the car, need a tire change or run out of gas, there will be help available.

Check whether you will have access to alternative transport and accommodation, in case you find yourself stuck a long way from home.

The Wrap Up

Finding the right auto insurance policy can be overwhelming, but when you understand your requirements, the process will be smoother.

In 2020 there is a range of discounts, package deals and flexible policies available, so it is worth taking the time to compare them side by side. 

Now is the time to assess your current policy, or apply for a new one. Remember, if you do have an accident on the road, you want to make sure you and your passengers are protected financially.