Whether it’s at the pump, at the car dealership, or on their car insurance policy, most drivers want to be sure they are getting the best return on what they invest in their vehicle. With that in mind, it’s no surprise that many drivers are curious about the cheapest car insurance in Longmont.
We will cover that question today, but we will also cover important considerations for purchasing car insurance in Colorado that includes the coverage you need.
The Cheapest Car Insurance in Longmont
Generally speaking, the cheapest car insurance in Longmont or anywhere else in the United States is a policy that includes the bare minimum of state-required liability coverage.
Each state has different requirements, but in Colorado, those car insurance requirements look like this:
- $25,000 for bodily injury or death to any one person in an accident;
- $50,000 for bodily injury or death to all persons in any one accident; and
- $15,000 for property damage in any one accident.
At first glance, you might be thinking, “Great! That’s the policy I will go with then!” But there are many reasons this isn’t always the best path to take.
Balancing Cost and Coverage
Sure, a bare bones policy might cost you less per month. However, it also means you’re exposed to far greater financial risk in the event of a collision or another type of damage your vehicle is involved in.
For example, without any additional coverage, each of these scenarios would require you paying out of pocket for the damages if you are at fault:
- Collisions with other vehicles or objects, or if your vehicle rolls over
- If your vehicle is damaged from falling objects like rocks, trees, or other debris
- Covering your lost wages in the event you are injured in an at-fault accident
In the event you have to cover these and other costs, there is a virtual guarantee they will cost more than the cost of adding additional coverage to your insurance policy. For that reason, most drivers consider purchasing full coverage car insurance in Colorado.
This does not necessarily mean you need to go overboard with your coverage if your budget is a concern. Especially when you entrust your insurance services to 1st American Insurance Agency. We look forward to helping you find the right balance of coverage at a cost you can afford. Call us today!