Auto insurance is required by law and protects your finances in the event of an accident or other covered event. In Arizona, you must maintain bodily injury and property damage coverage in the amounts of $15,000 per person/$30,000 per accident and $10,000 per accident, respectively (Arizona Department of Insurance). Contacting an insurance agency in Tempe about additional coverage types as well as to review your policy is recommended to ensure that you are adequately protected.
Should I Review My Policy?
Yes! Existing policyholders should review their auto insurance coverage and rate with an insurance agency in Tempe, like Hegarty-Haynes Insurance, annually. Buying a new car, moving, changing jobs, and other major life events are other reasons that necessitate a review of your insurance.
Doing this allows you to make sure you are adequately covered should the unexpected happen. Aside from bodily injury and property damage, you may want to consider additional coverage types, including uninsured and underinsured. That protects the occupants of an insured vehicle involved in an accident with another motorist who either does not have sufficient insurance or no insurance.
Another option is collision coverage, which insures the owner against loss from collision or upset of the vehicle. Comprehensive coverage protects against loss “other than collision” such as theft, vandalism, fire, and flooding. These are required if there is a lien against the car; lenders always require both. Ideally, you will want to call your insurance agent to inform them of the new purchase before leaving the dealership.
Reviewing your auto insurance policy also allows the agent to see if you are eligible for any discounts such as bundling home and car, safe driver, or anti-theft devices. You may additionally use this time to adjust your deductible, which may potentially save you money, depending on your specific needs.
Find the Best Insurance Policy for You
Receive peace-of-mind by contacting Hegarty-Haynes Insurance at (480) 820-2297 for all your home, auto, life, or business insurance needs. As an independent insurance agency in Tempe, our local insurance agents are committed to providing you with superior service and competitively priced solutions. Receive a complimentary quote and experience the difference today by allowing Hegarty-Haynes Insurance to find the best insurance policy and any potential discounts for your specific needs.
“Help with Auto Insurance.” The Arizona Department of Insurance, n.d., insurance.az.gov/consumers/help-auto-insurance.