AUTO  INSURANCE

Auto Insurance

Auto Insurance

What’s in your garage? You might be practical when you choose cars — a versatile hatchback or minivan is just the thing.  Perhaps you prefer the rugged image of an SUV, or like to reward yourself with a convertible or luxury sedan. Maybe you also have a classic muscle car or vintage sports car for weekend cruising.

Whatever you drive, you know you need insurance for your car and assets. And Farmers has coverage options that enable you to get the insurance you want.

Here are some risks a driver might face:

You cause an accident

Risk:

You cause a minor collision when glare from the setting sun blinds you in rush hour traffic. Damage is relatively minimal, but the other driver says her neck is in pain.

Coverage:

Liability coverage pays for bodily injury and property damage to another that results from covered losses you cause.

You accidently damage your car

Risk:

You’re on your way to a ski weekend when you lose traction on an icy road — the impact when you slide into a guardrail damages your SUV’s front fender.

Coverage:

Collision coverage can help repair your vehicle if it’s damaged — or compensate you for its value if it’s a total loss.

Coverage Choices

How Much Auto Coverage Should I Consider?

Auto Insurance only provides coverage up to policy limits — beyond that, you’re personally responsible for damages related to any accident you cause. This is a key consideration, especially if you have assets you want to protect.

Here are a few factors to consider — and some things to keep in mind — as you choose auto coverage limits:

Third-party liability coverage: Your assets and income

Third-party liability coverage pays damages you cause to others in a covered loss — up to the policy’s limits.  When selecting those limits, it’s important to know the value of assets you want to protect.  Add up the value of everything you own: your primary and vacation homes, savings and investments, cars and recreational vehicles, and any collectibles. Ideally, choose liability limits that are high enough to protect the total value of these assets. 

Comprehensive and collision coverage: The value of your vehicles

If your car were damaged or totaled, would you have the financial resources to pay the costs of repair or replacement out of your own pocket?  If not, consider taking out comprehensive and collision coverage. If you lease or finance your vehicle, your lender may require a minimum amount of coverage.

Optional Coverages

You can tailor your auto policy and select the insurance you want with a full menu of optional coverage choices that include:

New Car Replacement Coverage

If your car qualifies as a total loss within the first two model years of ownership and with fewer than 24,000 miles, New Car Replacement Coverage®  can help. It will reimburse you for the cost of replacing it with a new one of the same make and model — less any deductible.


Customized Equipment Coverage

When a car doesn’t come from the manufacturer with all the equipment you want, you might install aftermarket features like alloy wheels or a sound system. Customized equipment coverage can help if this add-on equipment is damaged, and it’s available for any vehicle with comprehensive and collision coverage.


Personal Liability Umbrella Coverage

Farmers® personal umbrella coverage provides additional liability limits over and above the liability limits on your personal auto policy. This affordable coverage can be purchased in $1 million increments up to $10 million.

Discounts

Get the Most Value Out of Your Auto Policy

What, where, why and how you drive all can affect the cost of your insurance. Here are some ways to help reduce your premium:

1.  Keep your current car for a few extra years
The more your car is worth, the more it can cost to insure. So there’s a good chance your premium will rise if you replace a $20,000 trade-in with the latest $40,000 model. Driving an older car that’s less valuable can help keep your overall premium lower.
2.  Drive safely
A clean driving record — no traffic violations or accidents — indicates that you’re a better risk, and can help you keep your insurance rate as low as possible.
3.  Do research before buying a car
Some cars are less expensive to insure than others. Spend time evaluating different makes and models — considering overall safety and theft rates. If you’re considering several models and can’t decide, your Farmers agent can provide coverage rates so you can compare and make an informed decision.
4.  Purchase multiple policies
You may qualify for discounts when you purchase multiple policies with Farmers—for instance, by combining your auto policy and a home policy.
5.  Find additional discounts
Depending on the state you live in, you may be eligible for a number of discounts.
6.  Consider your deductibles
A higher deductible can lower your monthly premium. Keep in mind, however, it would also mean paying more out-of-pocket in the case of a loss. Talk to your Farmers agent so you can choose the right balance for you.