Can You Have Too Much Car Insurance?

Is your car over-insured?toy car next to a jar filled with coins labelled "car insurance"

While you might understand the risk of carrying insufficient auto coverage, is it possible to have too much car insurance?  Actually, yes and it’s something that car owners should avoid.  Here’s why you need to secure the right amount of car coverage to meet your needs.

  • The Problem with Too Much Car Coverage

The main problem with carrying excessive auto insurance is that it will be extremely expensive.  While you can rest easy knowing that your policy will cover virtually anything that comes your way, chances are you don’t actually need all the coverage that you are paying for.  Rather than increasing all your policy limits and securing every additional coverage option available, it’s far smarter and more cost-effective to assess your real-life risks and secure enough auto coverage to address them.

  • How to Secure the Right Amount of Auto Insurance

Ultimately, the best strategy for dealing with your auto insurance is securing enough coverage to meet your needs, while making sure that you’re not going overboard.  Because every driver has different needs, there is no specific answer for how much coverage is right for you.  This is why it’s best to work with an experienced auto insurer to determine your coverage needs.  A good insurance agent will weigh your lifestyle, they type of vehicle you own, and your various risks to help you figure out how much coverage you need to address your risks.

This is why it’s bad to have too much auto insurance coverage.  Do you need help securing the right amount of car coverage to meet your needs?  If so, then contact the experts at ISU-Wissink Insurance.  Our dedicated team is eager to assist you with your insurance today.