Raise your hand if you love to save money! Yup, we do too. Saving money on car insurance is always the marketing go-to on television or radio ads. Sure, basic car insurance that meets the minimum state requirements can save you a few hundred dollars annually. But what happens when you get into a car wreck that surpasses those annual savings?
An even worse scenario is that the damage to your car could cost you more than what your cheap car insurance can cover. This is especially the case if your car is still worth top dollar. So let’s get into the good and bad sides of having cheap car insurance in Lancaster, Ohio.
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The Pitfalls of Cheap Car Insurance
As we all know, auto insurance in Ohio is mandated by law. You can either go with liability car insurance vs. full coverage. Having liability insurance is great for the other car involved in an accident, but liability coverage does not pay for your personal injuries or damages to your own vehicle.
If another driver hits you and is at fault in the accident, if they don’t have car insurance, you’re not covered by them either. You’ll have to take care of any future medical bills out-of-pocket, which can get expensive quickly.
The Pros of Cheap Car Insurance
Moreover, yes, there are some pros to having cheaper car insurance. Just a quick google search, and you’ll see rates as low as $25 a month for liability insurance in Ohio. But of course, you may not have different types of coverage like comprehensive and collision coverage. These can easily be added on or off throughout your policy.
If you’re barely making ends meet, basic liability coverage can help you out in the meantime. Another great reason to choose cheap auto insurance is if you’ve got an older vehicle that doesn’t have a ton of value to it. You don’t want to spend too much money on a policy that will eventually cost more than the car is worth.
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Liability Insurance vs. Full Coverage
In conclusion, whether you get liability or full coverage insurance, you’ll be driving with peace of mind. Getting caught driving without insurance is a violation of state law in Ohio, and you can risk a big-ticket or getting your driver’s license suspended.
Picking the best car insurance policy that works for you depends on several variables. Whether your car is brand new or not, how much you want to save monthly or annually, and what type of add-ons you’d wish to have.
Give us a call for a free consultation today! Depending on the roads you drive daily to the seasonal changes, we can help you figure out what’s best for you and your vehicle. 740-687-5733. Images supplied by our partners at Ohio Mutual Group.