Virginia Auto Insurance Broker and a Collision Contingency Plan
If you’re working with a for your Virginia auto insurance broker, you’d better have your driving situation and lifestyle figured out. Most consumers sort of haphazardly pick up insurance online, just to have something to print out and stick into their glove compartment, not to think about the insurance again until they actually get into a collision. When this happens, they’re quite surprised to learn that their policy carries a $2,500 deductible. Their deductible’s probably that high because of the way they went about selecting their plan. The way they went about it was probably that they simply picked the plan with the lowest premium rate. Low premium policies typically have really high deductibles.
So if you’re not working with a broker for your Virginia auto insurance, and you’re planning on picking up the insurance yourself over a broker website, you should think these things through a bit. You might even consider your own driving risks. Of course insurers will have their ideas about your riskiness, but you definitely should have your own. One way to start thinking about this is to assess how much you actually depend on your car, and being able to drive. If you get into an accident, and aren’t able to get the insurance company to cover the costs because of a similar aforementioned deductible issue, will you and your household still be able to bring in as much income? Or, will your income take a hit? If it will, then you rely on your car pretty heavily. You might consider getting coverage that will get you and your car back online ASAP, after a collision.
