Busy Executives, Do You Have Enough Auto Insurance?
Updated: Jun 20, 2022
Busy executives often find the nuances of auto insurance daunting. If your packed calendar has you choosing quick auto insurance quotes online for your own personal auto insurance, you’re not alone, but you may at risk.
Choosing the right coverage and limits can be confusing and time consuming. However, quick decisions often leave people unknowingly underinsured with minimum coverage required by their state. This could leave you dangerously overexposed and underinsured, especially if you have significant assets to protect and if you are often working long hours, which could leave you at a higher risk for an auto accident.
According to the NHTSA (National Highway Safety Administration), it's estimated that every year, 100,000 police-reported, drowsy-driving crashes resulted in nearly 800 fatalities and about 50,000 injuries. Drowsy driving avoidance is the best prevention and is strongly encouraged.
However, it's equally important to be sure you have the right insurance coverage by considering how much insurance you need to protect your assets and to cover your potential liabilities.
Contact an agent for an auto insurance review
When deciding how much auto insurance you need, remember that state insurance requirements are not recommendations for levels of coverage — they are simply the minimum coverage required to legally operate a vehicle.
It's important to be cautious of quick, cheap quotes. They often come with very big out of pocket expenses should you ever be responsible for an at fault accident.
Damages from an accident are likely to be significantly higher than state minimums, especially if it involves multiple people in a vehicle, and due to the rising cost of parts, repairs, defense, and medical costs. An experienced, independent insurance agent can explain the various coverage options available and help you select what's most appropriate for your situation.
Reach out to an insurance professional at V.F. McNeil Insurance if you have questions about auto insurance in Connecticut, Request an appointment or call today at (203) 481-2684. They'll have the answers and the protection you need.