Save money: I want the minimum car coverage | UNIVISTA INSURANCE

Save money: I want the minimum car coverage

I am going to save money: I want the minimum coverage for my car. Food prices have skyrocketed: gasoline, electricity, taxes, and insurance. There’s nowhere to turn. The high cost of living leads us to think about cutting expenses at all costs. With a calculator in hand, we crunch the numbers to stretch our money as far as possible.
Against this backdrop, many car owners have focused their attention on car insurance and opt to purchase the minimum coverage required by law. That is, coverage of $10,000 for Personal Injury Protection (PIP) to cover the driver’s medical bills in case of an accident. The other mandatory coverage they maintain is Property Damage (PD), which also provides $10,000 in protection for damage to a third party’s property or that of another driver.
The problem with hitting the road with the minimum coverage required by law is that you risk spending much more “if things go wrong.” Imagine you’re in an accident and the at-fault driver also opted for minimum coverage. If you are seriously injured, you will have to pay for your medical bills and lost wages during your rehabilitation out of your own pocket. “Things get worse” if your car is heavily damaged and needs repairs that exceed the minimum coverage required in Florida. In the end, you’ll end up paying more than you saved.
Therefore, the recommendation is not to dismiss the other available coverages, such as Bodily Injury Liability – which pays for the other driver’s injuries – or Uninsured Motorist, which comes into play when you are in an accident and the other driver is uninsured or has insufficient insurance. Don’t think it’s a very rare situation, remember that 20.4% of Florida drivers are uninsured, according to statistics from the Insurance Information Institute.
Interestingly enough, even if you have all the previous coverages, your own car is still unprotected in case of an accident. Therefore, you should not overlook having Collision insurance that protects you from any damage your car may suffer when it collides with another car or object like a utility pole. Finally, if you want to be protected against vandalism, or if you have an accident with a wild animal, your car catches fire, or a tree falls on it, there is Comprehensive coverage.
There’s no doubt that we need to save money, but don’t rush to cut coverage without considering the implications of each one. If you want to save money and have an affordable but efficient car insurance, call Univista Insurance. I am going to save money: I want the minimum coverage for my car.

Call us today for a complete qualification! (305) 508-9575. You can also get a free quote here.