Do you have Central Oregon Car Insurance? If so, you may have noticed that if you’re 40 years old, or older, your premiums have gone up close to 30% over the last five years.
Thanks to a recent report by insure.com we know that a typical Driver who is 40 years old, or older, will pay up to $2,700 annually for their Central Oregon Car Insurance policy, and with the increase in car insurance premiums many drivers might be tempted to decrease their car insurance costs in other areas so they can save money but that’s not always a good idea.
Although it’s common for many states to allow liability insurance levels between $10,000 per person and $50,000 per accident in coverage you should not decrease your liability insurance, on the contrary, as a driver with Central Oregon Car insurance, you should increase your liability insurance to $100,000 per person and $300,000 per accident since it’s not uncommon for the average car accident settlement to be $100,000 or more.
If you’re 40 years or older you must calculate all of your assets and figure out how much you can’t afford to lose before determining what amount of liability coverage you should have before making a rush judgment based on the monthly cost for the insurance policy.
Did you know that one in seven drivers is uninsured? If one of these drivers hits you your uninsured motorist coverage will help cover you in case you’re involved in a car accident with an uninsured driver.
Uninsured motorist coverage isn’t something you should not think about cutting either because, it’s not uncommon for the average car accident to cost the driver up to $75,000 in damages so in reality you should increase your UM/UIM limit to $100,000 per person and $300,000 per accident as well just to make sure that you’re financially protected in case you’re in an accident with an uninsured motorist.
If you’re tired of overpaying for Central Oregon Car insurance and want to save money every month contact the Farnsworth Agency today at (541) 318-8835 for a free car insurance quote to see how much money you can be saving.