Owning a motor vehicle comes with a lot of responsibility. Not only do you need to lease or purchase it, but you need to maintain it. In addition, you need to have insurance on it. Some auto insurance is optional and some are mandated by the state. Your independent insurance agent will be able to inform you about the types and amount of insurance you are required to have. At Wai Cheng Insurance Inc. in Bay Area, CA, we have more than 20 years of experience that we share with our customers. We work for you and getting you the best insurance at the best price is our goal.
When your auto loan is paid off, it feels like you are finally free. You can’t be free however from basic liability insurance which is mandated by the state of California. The mandated amount is15/30/5. This is a very basic amount of coverage. It will only be enough if you have a very old car and no assets. For everyone else, you need to seriously think about what coverage you need to have.
With only a max of $30,000 for all bodily injuries in an accident, you could come up very short of what you need. You could be responsible to pay the excess out of pocket. $5,000 for property damage is even less coverage when you consider the average value of a motor vehicle.
If you need your vehicle to maintain your everyday lifestyle you also need to make sure you have collision and comprehensive coverage which will repair your vehicle if it is damaged. Most people will find it a hardship to pay for repairs out of pocket.
If you have questions about your auto insurance coverage Wai Cheng Insurance Inc. in Bay Area, CA has a knowledgeable team who can provide you with the answers you need.
