Do most people get liability, collision, or comprehensive auto insurance?

Question

what should the value of the car be before considering getting liability?

Answer 1

Most people get the BI - Bodily Injury, PD - Property Damage, COMP & COLL.

In the above BI & PD covers or acts like a third party insurance, where as the COMP & COLL acts like a comprehensive cover against the Theft, Fire & other loss or damage caused to your vehicle by Natural Event/Calamity.

Most of the people who buys a car will go for Higher BI & PD and depending about their requirement they opt for 500$ or $1000 deductible in COMP & COLL. however most states insists that, the driver must get the minimum insurance or states bare minimum.

Coming to the value of the car, It is always advisable to get the minimum insurance depending on the age of vehicle. If you own an old vehicle it is advisable to get the state bare minimum insurance instead of nothing. If you own a new vehicle it is advisable to have market standards for first few years of the car. You can always increase & decrease insurance coverages by passing an any number of endorsement(s) to active policy.

It is always safe to own those coverages.

Answer 2

If its paid for you save a lot of money by just having liability and comprehensive.

If its not paid for you get all.

The value of the car and the amount deductible you want to pay determines how your insurance will be per 6 months.

If its a really nice car you want to insure it for enough to replace it with, minus the deductible.

Answer 3

You're only legally required to have 3rd party insurance to cover anyone else in an accident. But most people would also get "fire and theft" with this 3rd party insurance.

Although some insurers will want you to have fully comprehensive insurance.

I'm not sure about the personal injury in America, because in the UK we have a free health service.

Answer 4

Answer from a General Insurance Agent

Most people get Liability. It is required by law.

The rest is optional

People with a car note, usually have to get the comprehensive and collision coverage because the finance contract requires it.

People with money tend to get all of the auto coverage options available.

Most Insurance Companies and Agents advise you to get everything whether you need it or not. Obviously, the more you pay the more we make.

Good Luck and Happy Motoring

Answer 5

I have met this kind of problem before,here is the resource I found useful.http://car-insurance.online-helpers.info...