What is a good level of coverage for a financed 2014 Toyota 4Runner and an owned 2013 Honda Fit?

My and my husband's policy is up for renewal and we would like to adjust our coverages. Based on the type of vehicles we have, what would be the best coverage levels to have?

Answer
“With a variety of options when it comes to car insurance, it can be difficult to know what coverage is best. With insurance, less is not more!
Since you have a Toyota 4Runner that is financed, it should have both comprehensive coverage and collision coverage. The deductible you choose for these should be an amount that you would feel comfortable paying out of pocket.
Since you own the Honda Fit outright and it’s an older vehicle, you can choose to carry liability coverage only to save some money.
You should reach out to your current carrier and also shop around to secure the best rate for the coverage you want. If you currently have the minimum amount of coverage, look at policies that are rated “”silver”” or “”gold.”” This will give you an idea of both mid and high levels of coverage. “
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Emily Maracle
Answered on Apr 20, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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