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Home > Blog > Cheaper is not always better! - Pritchards And Associates, Inc.
THURSDAY, APRIL 13, 2017

Cheaper is not always better!

Cheapest Rate of Auto Insurance is not always the best option.


Although something looks good and sounds less expensive, it does not mean it is the best option.
Take auto insurance for example.
While the minimum limits may provide the cheapest rate in the short term, they don't provide ample protection for what you value most.
As you sit with one of our trained CSRs, we will explain what to take into consideration when choosing your limits. 
First, consider the cost of medical bills if an injury occurs in an accident. The bills add up quickly even without extensive injuries. 
Think about the unexpected. An accident is just that, it is unexpected and none of us believe it will happen to us.
In 2014 6.1 million accidents were reported and the annual cost of medical care and productivity losses related to auto crashes added up to
more than $80 billion.

Protect your future even if you do not own a home or a nice car, you still need adequate protection. When your limits run out, you're still expected to pay what's owed.
If there are no assets to take that from, it will come out of current and future income until the debt is paid. Some states are allowed to take 25% of a person's income if necessary. Higher limits do not always mean an extensive higher cost. Ask one of our CSRs to run quotes at different limits to compare the difference. 
In the long run, a higher limit could save you thousands of dollars. 

We are here to help. Please stop into one of our locations and let us see how we can cover your risks better. 

Posted 4:09 PM

Tags: auto insurance limits, low auto insurance limits, protection, save money, protect your future, auto insurance
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