It’s important to consider all your options and do your research before you select an auto insurance policy in Lakewood, CO. We can help you explore your options at Premier Group Insurance.

The following are three options you have when you purchase auto insurance in Colorado.

Deductible amount

The deductible amount is the amount you have to pay before your insurance coverage will start paying for the costs of your claim. The higher your deductible amount is, the less expensive your monthly premiums will be.

However, choosing a higher deductible amount is probably not a good idea. If you choose a high deductible amount, you might have trouble paying it in the event of a claim.

Collision or comprehensive coverage

You do not have an option in Colorado of whether or not to purchase liability coverage. However, you do have a choice of whether you want to purchase collision or comprehensive coverage.

Collision coverage covers you for the costs of damages to your own vehicle in an accident. Comprehensive coverage covers you for damage caused by incidents like fires and vandalism. Both collision and comprehensive coverage are valuable types of coverage to have.

Policy maximums

Insurance policies generally have maximized limits. A policy will only pay out so much money for a claim. The higher your maximums are, the more financially secure you’ll be in the event of an accident and a claim.

It’s important to understand your options when you buy an auto insurance policy in Lakewood, CO. If you have any questions about your auto insurance options, feel free to ask us at Premier Group Insurance. Contact us via our website for assistance.