Frequently Asked Questions
There is a lot to know when buying insurance, and it can seem like a daunting task. Call your IronPoint Insurance agent and let us help. If you are attempting to understanding things for yourself, take a look at the FAQ's and look through the coverage glossary, you should be able to find some answers.
Q: Will I get a comparison quote?
A: Yes. Whether you are shopping on-line or with an agent, you need to make sure you get several quotes. IronPoint Insurance represents several of the best
A-Rated companies in the business, so you can get your comparison
quotes done with one phone call. You also want to
make sure that you aren't just provided only a quote, that isn't enough! To provide you the proper service for your auto insurance needs an agent should be able to give you a review of your entire insurance portfolio. If you're on-line, make sure you understand the contract you are agreeing to, and the terms and conditions. Give us a call if you need assistance, we can help.
Q: What is the right amount of coverage for my auto insurance?
A: While there’s no hard and fast rule about the amount of auto insurance
coverage you should have, and the state only requires a minimum amount of auto insurance coverage. IronPoint Insurance advises against carrying only your state’s minimum auto insurance requirements. You don't want to put your personal assets at risk if you are at-fault for a serious accident. The amount of insurance you need depends on several factors, including your appetite for risk and your assets. You should consult with a professional agent to discuss this matter, and get a proper breakdown to be sure you are properly protected. You don't want too much, but you certainly don't want to be without protection when you need it.
Q: How much auto insurance coverage is required by the state?
A: The California Department of Insurance sets the mandatory minimum liability limits, and currently they are $15,000 per person and $30,000 per occurrence. This isn't very much coverage and we advise against carrying only your state’s minimum requirements. If you’re involved in a serious accident, your lower limits may not cover the accident’s costs. Generally, higher limits don’t cost much more than lower limits. If you’re involved in an accident you’ll be glad you have the increased protection!
Q: Do I need special auto insurance coverage if my vehicle is leased?
A: Each lessor lender has different requirements, but most will require you to buy comprehensive and
collision coverage when you purchase your auto insurance policy. Many financial institutions will require liability limits that are higher than your state's minimum coverage requirements. This is done to protect their interest as the lienholder if you are determined to be liable for an accident.
Q: What if I want to see how different coverage levels affect my rate?
A: You are on the right track, you should shop your insurance with several carriers to make sure you are getting the right protection for the right price, and you should see how different levels of coverage work for you. You can do this by calling several companies or agents, or you can call IronPoint Insurance and get this all done with one call. We represent several
A-Rate companies and can shop your insurance and compare your coverage across several companies.
Q: Why do I need auto insurance coverage?
A: Here in California auto insurance is mandatory. But even if it was optional, it is always best to take an inventory of your risks and have the right protection for your assets. Auto Insurance isn't just about fixing your car when you're in an accident, it also protects your other assets if you are found liable for damages or injuries you cause to others. For this reason you should have the proper protection, it just makes good sense.
