When it comes to auto insurance, how much you need depends on a few factors. Do you have a car loan or lease? How much does the state require you to have? Do you have a lot of assets? How important is your vehicle to you? Do you have access to a vehicle if yours is damaged or destroyed? At Knippenberg Insurance Inc. in Cumberland, MD our trusted team of insurance professionals is here to help make sure you have the insurance you need at a price you can afford.
Do you have a car loan or lease?
If you do, your lender or lessor will require you to have collision and comprehensive coverage on your vehicle to protect their investment.
How much does the state require you to have?
In the State of Maryland 30/60/15 are the state requirements of liability coverage. $30,000 is for medical builds and injuries for one person with the total accident at $60,000. The property damage is $15,000.
Do you have a lot of assets?
If you have a lot of assets you need to protect them with the right amount of liability coverage. Basic required liability is not enough to offer that safety net.
How important is your vehicle to you?
If you are like most people, you count on your vehicle every day. With this kind of need, having comprehensive and collision coverage will give you peace of mind that you can get your vehicle repaired or replaced in the event of an accident where you are at fault.
Do you have access to a vehicle if yours is damaged or destroyed?
If you have a second car or a family member who will loan you one in the interim while your vehicle is damaged or destroyed you may be able to get away with less insurance.
Contact Knippenberg Insurance Inc. in Cumberland, MD when you are in the market for auto insurance.
