Call Us: 580-223-2187  •  Request a Quote

Shopping for Car Insurance & Things to Consider

Things you should consder when shopping for car insurance:

What is my household salary? What are my assets? How much in savings and equity do I have?

It is important to consider these things because most often, the higher your salary and net worth, the more you stand to lose if you are ever found liable for an accident. The more assets you have, the more coverage you might want to consider in order to protect it all.

How old is my car and how much is it worth? Do I own my car outright or is it leased or financed?
The model year and original cost of your car helps determine the approximate value of your car today. If the value of the car is low and you own it outright (i.e. no loan or lease), you may want to think about whether you really want comprehensive or collision coverages. On the other hand, if you lease or finance your car, your lender or car dealership probably requires comprehensive and/or collision coverage.

How much am I willing to, or can I, pay out-of-pocket?
In the event of a loss, a deductible is the amount that you must pay out-of-pocket before your insurance kicks in. A higher deductible could lower your premium. Deductibles are applicable to certain coverages, such as comprehensive and collision coverages.

Do I have health insurance?
Auto insurance can include medical payments coverage for you and your passengers. If you don't have your own health insurance, you should consider purchasing some type of medical payments coverage on your policy.

Do I have children of driving age?
Children are generally more inexperienced drivers and can present a greater risk on the road. If you have children of driving age, you might want to consider purchasing higher limits of liability coverage.