Don't Overpay for Allstate Insurance in Rockingham, North Carolina
Rockingham, North Carolina residents have many auto insurance options to choose from, but not all of them are created equal.
Many drivers don’t realize that premiums can vary significantly between companies, and some may not be getting the best value for their money.
If you’re shopping around in Rockingham, it’s important to shop smart and compare multiple quotes to make sure you’re getting the best price.
By asking the right questions and being clear about your coverage needs, you can ensure you’ll get the cheapest car insurance rates possible without sacrificing quality coverage or service.
What’s covered by my Allstate policy?
Although every situation is different, here’s a brief summary of what’s covered by our auto insurance policies:
Bodily Injury Liability: If you’re at fault and cause an accident with injuries or property damage in excess of your policy’s limit ($50,000), it will pay up to $100,000 per person injured.
Property Damage Liability: This is not only required coverage but also often mandatory by state law.
It pays for damages if you are at fault and don’t have enough liability limits to cover them.
Collision Coverage: This pays for repairs if your car collides with another vehicle or object (e.g., tree).
Comprehensive Coverage: Covers losses from events other than collision, such as theft, fire or hail damage.
Uninsured Motorist Coverage: Pays when you’re hit by a driver who doesn’t have any or enough liability insurance.
Underinsured Motorist Coverage: Pays when you’re hit by someone who doesn’t have much insurance.
Medical Payments Coverage: Pays medical expenses for you and your passengers even if they aren’t part of an accident.
How do I choose the right deductible?
Whether you choose to get a higher deductible or not is up to you.
It depends on your financial situation and how much risk you are willing to take on.
If your car is worth $5,000 and it’s being fixed due to an accident, then a high deductible probably makes sense.
On the other hand, if your car has $50,000 worth of damage and your plan has a low deductible amount—say $500—then getting that fixed with a low deductible probably makes more sense for you.
How does comprehensive coverage help me?
Comprehensive coverage is important when you’re purchasing a car.
Most auto insurance policies include a basic level of protection that covers damage to your own vehicle and injuries to people riding inside your car.
But if another driver injures you, or damages your car in an accident, comprehensive insurance will take care of those expenses.
You’ll get compensation from your insurer when your car gets hit by something other than another vehicle—even if it was a freak accident like flying debris or vandalism—or if someone steals it outright.
What is a named driver endorsement?
A named driver endorsement is a type of car insurance that allows you to cover a car driver other than yourself.
For example, if you have a teenage son or daughter who is learning how to drive and they don’t have their own policy yet, you can add them as an additional driver onto your policy.
This is cheaper and more convenient than getting another policy.
Is gap insurance worth it?
If you have a loan on a car with less than 20 percent equity, you may want to consider gap insurance.
Gap insurance covers your loan balance if your vehicle is stolen or totaled—and it can mean big savings on annual premiums.
Keep in mind that there are limitations, such as credit score and loan amount restrictions.
Be sure to talk with an agent to determine if gap insurance is right for you!
Does every state require uninsured/underinsured motorist (UM/UIM)?
Generally speaking, auto insurance will include uninsured/underinsured motorist coverage.
You can buy UM/UIM separately if you choose to do so.
In some states however it is mandatory, so you’ll have to go with whatever your state requires (this also varies by insurer).
If you live in a no-fault state like New York or Michigan then UM/UIM will not be available because there is no fault assigned.
Is an umbrella policy right for me?
If you have property or liability coverage through your current insurance provider and you think that might not be enough to meet your needs and/or protect your assets if something bad were to happen (and given how litigious society has become, who wants to take that risk?), an umbrella policy may be right for you.
An umbrella policy provides extra liability coverage if you happen to get into a particularly bad accident or are sued by someone with a deep pocket.
It kicks in after other policies reach their limits, so it’s important to make sure you have sufficient coverage before getting one.
Also note that umbrella policies aren’t typically required; they’re more like optional just-in-case protection.
The cost varies depending on several factors, but generally ranges from $200-$1,000 per year based on where you live.