Many people believe they can save money by buying an auto or homeowners policy online rather than purchasing a policy from a local agent. Online services often promise cheaper alternatives, but are you really getting the full details on the coverages they provide?
Paying More For A Claim
One of the ways that online services fulfill their promise of lower auto insurance rates is to offer quotes at a low level of coverage. The online quote likely meets the minimum required insurance coverages for your State, but may not offer much more. Although they may save on upfront premium, they often require higher out-of-pocket costs at the time of a claim. In our experience, the minimum required limits are often not enough to pay the costs incurred in an average auto insurance claim. This gap creates the need for you to pay more out of your pocket at the time a claim occurs. Depending on the seriousness of the accident and the make and model of cars involved, these costs can be significant.
NJ PIP Coverage
Another area in which online services leave you with gaps is NJ PIP coverage. New Jersey requires auto insurance to include personal injury protection (PIP) benefits. PIP coverage pays for medical bills if you or other individuals covered under your policy are injured in an automobile accident. There are many different PIP options, but the default option for most online services provides the smallest benefit. Better coverage may be available for a rather small amount of extra premium. If given the option, you may decide to pay a small bit more to better protect yourself should you get hurt.
These are just two potential gaps that can occur when you shop online. Having a professional handy to help answer any questions and review recommendations and options for your personal automobile insurance can make a big difference. That’s why at Rue Insurance, our licensed agents are available to speak with you one-on-one, to develop a customized insurance plan that fits your unique needs. You don’t want to find out after the accident that your insurance company could have paid more had you known to ask. Contact us today and learn more about how to Be Ready with Rue at 609-586-7474 or on our website here: https://www.rueinsurance.com/contact/.