My car is ten years old. Is full coverage auto insurance a wise investment?

Maryland’s drivers are legally required to carry auto liability insurance. However, some circumstances may require a driver to carry more than liability insurance. It can be challenging to determine how much auto insurance you truly need. Our Ashley Insurance team understands that navigating auto insurance can be confusing for many Easton, MD drivers. As a result, we’re here to help. 

What are the benefits of Auto Insurance?

In a nutshell, auto insurance can protect you financially and legally if you cause damage to someone else’s vehicle or property. It also covers the other driver’s medical expenses in case of an accident where you are at fault. Additionally, you can buy insurance that will pay for the repair or replacement of your own vehicle and your personal injuries. However, liability insurance is the only type of insurance that most states require drivers to have, but if you have an auto loan, you may need more coverage.

My car is ten years old. Is full coverage auto insurance a wise investment?

No. The value of your car continuously depreciates as time passes, and you increase your car’s mileage. As a result, a vehicle that’s a decade or more old is usually not a wise investment for full coverage insurance because the insurance cost usually exceeds the car’s appraised value after an accident. If you have questions regarding how much auto insurance you need, call us. We’d be happy to help.

The Benefits of Bundling Home and Auto Insurance

Also known as multi-policy or multi-line insurance, bundling home and auto insurance is when you purchase your home and auto insurance policies under the same provider. At Ashley Insurance, we strive to supply our customers with the best policies for their budget and lifestyle. Discover the benefits of combining your home and auto insurance with our team!

Why Bundle Home and Auto Insurance?

There are many benefits of bundling home and auto insurance. Here are just a few of the perks to the approach:

  1. Cost Savings/Multi-Policy Discounts – One of the primary benefits of bundling home and auto  insurance is the potential for you to save money. Insurance companies often offer various discounts to customers who bundle their policies. These discounts can vary but are generally substantial and can result in significant cost savings over time.
  2. Simplified Management – Managing your insurance becomes more convenient when you bundle policies. Instead of dealing with multiple insurance providers, policies, and billing cycles, you’ll have a single point of contact for both your home and auto insurance needs. This can make the process smoother and more efficient.
  3. Enhanced Coverage Options – Bundling may offer you access to enhanced coverage options that are only available to customers with multiple policies. These options could include higher coverage limits, additional endorsements, or better protection in certain scenarios.
  4. Reduced Coverage Gaps – When you have different policies with different providers, there’s a potential for coverage gaps or overlaps. Bundling multiple policies with a single provider can help minimize these gaps and ensure a more comprehensive coverage strategy.

How Much Does Bundling Home and Auto Insurance Save?

The amount you can save by bundling home and auto insurance policies varies depending on several factors, including the insurance provider, your location, your coverage needs, and your personal circumstances. On average, many insurance companies offer discounts ranging from 10% to 25% as a benefit for bundling home and auto insurance. However, these percentages can differ significantly based on the aforementioned factors.

How Do I Bundle Multiple Insurance Policies?

Get a quote and purchase more than one policy from the same insurance provider. Our agents can help you find the right one so you can start reaping the benefits of bundling home and auto insurance!

What Else Can I Bundle with Home and Auto Insurance?

According to your provider, you can often bundle home, auto, boat, motorcycle, renters, and other types of insurance into one plan. Ask your Ashley Insurance expert to explain all your options.

Get A Quote

Interested in further discussing the benefits of bundling your home and auto insurance? Get in touch with our team to get a free quote today!