We all know the reason to have auto insurance – because the law requires it and you can’t buy or lease a car, right? Actually, there are much more important reasons to insure your auto and equally as many to make sure you have the right insurance for your needs.

There is a lot to think about when you’re choosing the right auto insurance coverage. It’s important to make sure that your auto is repaired or replaced after an accident. However, you could be liable for much more than your car if you are held responsive for causing an accident with personal injury. Choosing low limits of liability is leaving your self-wide open for serious financial loss and garnishment of futures wages. For example, imagine that you are merging on to a freeway and a motorcyclist is in your blind spot. You can’t see them, but you merge into them and cause them to fall. The motorcyclist is seriously injured with medical expenses, pain and suffering, and a substantial amount of loss of income totaling a $1,000,000 in damages and you’re determined to be at fault. If you carry liability limits of $100,000 per person and $300,000 per accident, which is the common limits for most people, you will personally be held responsible for the $900,000 over what the insurance pays. In this case, the insurance company is only on the hook for $100,000. Let’s make sure that you have the right auto coverage. It’s arguably your biggest exposure. Here at BenefitSource, we’ll assemble a policy that fits your coverage needs and shop top carriers to make sure you get the price you deserve.

Determining Your Auto Insurance Needs

When choosing auto insurance, you want optimal coverage for the best price. So how can you determine what amount of coverage is best for you? The best way is consulting with your BenefitSource Insurance Professional to help you understand your coverage options.

However, if you want to understand a little on your own, a basic auto policy provides protection to you and others, including:

• Liability Coverage for damages incurred by others if you cause an accident.
• Permissive User Coverage for when you lend your auto to other individuals and they cause an accident.
• Around the Clock Claims Support for helping you through incidents ranging from minor fender benders to serious accidents.
• Physical Damage Protection for repairing your auto after an accident
• Medical Coverage for assistance if you or your passengers are injured.
• Uninsured/Underinsured Bodily Injury Liability for damages you are legally entitled to recover that exceed the person held fault for your injuries.