How Much Insurance Do I Need?

Stay Safe And Legal

Cox Auto knows that even after you’ve made a decision to purchase a used car from a Tampa dealership, you still have at least one more choice to make. If you don’t have an insurance plan for other cars already then you’ll have to choose an insurance company. When you’re looking at insurance plans, what do you look for? Is cost your number one concern? Is protection your highest priority? Most decisions you make are compromises between a combination of these priorities. How much coverage does your new car actually need?

Different Types of Insurance

All states have a minimum level of liability insurance required to drive a car. States set this amount of necessary coverage individually so they’re all different. For example, the Florida Highway Safety and Motor Vehicle department sets the minimum personal injury protection and property damage liability insurance both at $10,000 to maintain Florida plates. Liability usually just covers damage you may do to other people and their vehicles and alone isn’t enough coverage if your car is particularly valuable; it usually won’t pay to replace or repair your vehicle in the event of an accident.

As opposed to liability insurance’s coverage of property that your car damages, collision coverage additionally covers your own car if it is in an accident. This is a medium priced plan that may be a good choice if you don’t feel you need more coverage.

A comprehensive insurance plan may cover your car against damage caused by theft and vandalism, as well as fire and weather and natural disasters. If you have a particularly expensive or unique care that you want to make sure is replaced in the case of damage, it may be worth paying the higher premium for the comprehensive coverage.

Review Your Options With Cox Auto!

If you’re shopping for pre-owned cars don’t forget to consider the cost of your insurance in your budget. At Cox Auto group of Tampa we’re here to help you find a way to finance the car that will fit into your life. Come visit our Cox Chevy your dealer in Bradenton to find out more about our used car inventory and your financing options.