Reader’s Question:

In buying a comprehensive auto insurance here in Washington, DC, do you think I’d settle for high deductible to save some money on my monthly rates?

Pat

Washington, DC

The regular auto insurance policy consists of coverage for accidents that happen while the vehicle is moving and for any kind of theft. Comprehensive insurance covers almost any type of accidents you could think of that will damage the vehicle. From high winds and blizzards to vandalism and theft, you could collect on the claim even you couldn’t exactly identify the culprit.

However, do not make the same mistake that a lot of people do when paying for comprehensive coverage. These people discovered too late, much to their sorrow, that purchasing a lower rates comprehensive insurance with high deductible only saved them some amount every time the premiums came due. They did not consider what they will do or how they will come up with the cost to totally repair the vehicle if something happens to it because of somebody breaking into it, or because of any natural disaster. Spending just a little more on your comprehensive insurance in Washington, DC every month and lowering the deductible could well be in your best interest because no one can ever predict what will happen.

Tags: auto insurance, auto insurance rate, cheap auto insurance, comprehensive insurance coverage