Auto insurance in Parsons, KS is tricky, and sometimes you may find yourself having too much or too little coverage. How much assurance you need depends on factors including state laws and lifestyle choices. Clemens Insurance Agency can help you finalize the details of your auto insurance policy. Here are three things to consider when determining how much coverage you may need.
Minimum Coverage
Practically every state in the country requires car owners to have at least liability insurance. In general, the bare minimum for individual medical expenses is $15,000 per person. The lowest amount of coverage for car repairs is usually $5,000, which is not much when you consider that the average new car costs upwards of $25,000. You could find yourself financially responsible if your insurance payouts are not enough to completely cover all expenses during an at-fault accident. It is, therefore, best to obtain coverage that equals the value of your assets.
Deductibles
The highest deductible lowers your monthly payments. Cheaper deductibles cost more every month, but the result of paying more over time may be beneficial in the instance of an accident. Imagine only having to pay $250 when an incident occurs instead of $1,000 in significant damages and repairs by their insurance companies. Less out-of-pocket expenses could relieve pressure during crises.
No-fault Insurance
The state of Kansas requires its drivers to obtain no-fault insurance that pays out regardless of who is responsible for the accident. This form of coverage also limits your ability to sue and be sued when payouts fall short, and expenses remain. Obtaining no-fault assurance in Parsons, KS is relatively expensive, so you should plan accordingly budget-wise.
Clemens Insurance Agency can help you determine how much insurance you need to drive around town comfortably. Call an agent today to schedule an appointment!
