Car insurance comes in many shapes and sizes. Cut through the noise using these questions to get the coverage you need though:
What collision and comprehensive coverage do I get?
Collision covers damage when your car is in motion, such as an accident. Comprehensive covers non-collision damage, such as theft or falling objects. If your car’s value is low, you may choose to skip these to save on your premium.
What liability coverage do I get?
Liability coverage is mandatory and protects you if someone sues you for causing bodily injury or property damage in a car accident. Most drivers choose $1 million in coverage, but $2 million is becoming the norm for extra protection.
What is my deductible?
The deductible is what you pay out-of-pocket for claims and it’s mandatory. You can choose the amount; a higher deductible can reduce your premium. But you must be able to afford it should you ever need to make a claim.
What benefits can I get?
Accident benefits are mandatory for all car insurance policies. It provides financial support to you and your passengers if injured in a collision. It can help cover expenses related to your recovery, lost income, and, in the worst case, death and funeral costs. Know what you’re covered for.
Essential information
It’s important you understand how cents+change works and the constraints of this site. This is a journalistic website that aims to provide a guide on different aspects of finances. We can’t promise to be 100% accurate, so note that you use the information on this site at your risk. We can’t accept liability if things go wrong.
Information found on this site does not constitute financial advice. You must do your own research to determine if it’s right for your specific circumstances.
We do not and cannot recommend specific financial products. We may provide examples of products or companies, but always do your own research. Speak with a financial advisor to understand whether a product is right for you.
Note that providers often change the price and terms related to their products. So whilst we aim to provide accurate information, check or speak with a provider to get the latest deals.
We provide links to other websites, but we cannot be responsible for their content.