Three questions to ask before you buy an auto insurance policy

The auto insurance policy you choose could significantly impact your finances if you get into an accident. You, therefore, need to put careful research into selecting a policy and ask the right questions to pinpoint the best possible policy for your needs. 

At Benefit Insurance Services, we offer auto insurance to motorists in Myrtle Beach, SC. We recommend that motorists consider the following three questions before they purchase an auto policy:

How much is your vehicle worth?

The value of your vehicle is an important factor when you’re deciding whether you want to purchase collision coverage.

While you’re required by law to purchase liability coverage, you’re not required to purchase collision coverage. However, you have to pay out-of-pocket for damages to your own vehicle if you don’t have collision coverage.

The more your vehicle is worth, the more important it is to purchase collision coverage to protect the investments you’ve made in your vehicle.

Will there be other individuals regularly driving your vehicle?

It’s important to make sure that your insurance will still apply if you allow another individual to drive your vehicle. Your insurance policy will definitely cover accidents and issues when you’re driving, but insurance companies won’t necessarily offer coverage if an accident occurs while you were letting someone else drive your vehicle.

You need to discuss coverage for additional drivers with your insurance policy if there will be other friends or family members regularly driving your vehicle. 

Do you use your vehicle for professional activities?

You may need to purchase a commercial vehicle policy if you use your vehicle for professional activities. Standard auto insurance policies don’t typically cover damages incurred when a vehicle is used for commercial activities. 

If you’d like to learn more about auto insurance policies in Myrtle Beach, SC, contact us at Benefit Insurance Services for assistance.