At Stalwart Insurance, we are proud to help Pittsburg, PA, area drivers by insuring various types of vehicles. We can insure new cars and trucks, modified vehicles, and classic and restored cars. We insure luxury vehicles along with daily drivers.
One of the most frequent questions we get involves when an owner should switch from comprehensive insurance to less expensive liability coverage only. Here are some things to consider:
Do You Have a Loan on Your Car?
If you are making payments on your vehicle, your lender is likely to require you to have comprehensive coverage. Switching to liability insurance may not be an option for you at this time.
What Is Your Vehicle Worth?
It can help to monitor your vehicle’s book value. This will give you an idea of the maximum value you will receive should your car be "totaled," minus your deductible.
Does The Difference in Your Premium Make Sense?
Check the difference between the premium for comprehensive coverage and basic liability coverage. Some suggest if the premium is over 10% of the value of your vehicle, you should consider shifting to liability only.
Make a Move That Makes Sense For You
Of course, everyone’s situation is a little different. Base your decision on your financial situation and risks. If you would like to discuss your options, contact us.
Get a Quote Today
An excellent place to start is by comparing coverage and costs. Contact Stalwart Insurance LLC of Pittsburgh, PA, for a no-obligation car insurance review and price quote. Of course, the decision is always yours.
We look forward to assisting you.
