We are moving from MA to CT and are researching car insurance rates. How do I know what kind of coverage I should have??
I was looking at our old policy, but have no recollection of how we landed at the coverage we chose and I have no idea whether it was well thought out or not (!)
A little background...
We have two paid-for cars.
DH uses his 1996 Jeep Grand Cherokee for work. It's got almost 300k mi on it and has served us well, but I imagine it is on it's last legs. We do not carry collision or comprehensive on this vehicle. We have the compulsory Insurance and some "optional" insurance which is basically "Optional Bodily Injury to Others" ($250,000/$500,000) and "Bodily Injury Caused by Underinsured Auto" ($250,000/$500,000).
I drive a 2003 Chrysler Town & Country and use it to drive the kids around/run errand etc. This car has $500 deductibles for collision and comprehensive. Also has substitute transportation($30/day for 30 days) and the same "Optional Bodily injury to others" and "Bodily injury caused by underinsured auto" as the Jeep.
Are we on the right track as we shop this around?? Thanks for any input!