Car Insurance Company

Reader’s Question:

I am a military man, and I am always on temporary duty. This means that I would not be using my car that often. I know that there are lots of car insurance companies out there, but still I am thinking twice about insuring my car. I might just be wasting my money if I insure it even though I would not be using it. So, my question is: Should I insure my car or not? And if yes, what is the best car insurance company for me?

Richard

Santa Fe, NM

Richard, you may be forgetting that in the state of New Mexico, it is stated by law to maintain a minimum Bodily Injury Liability of $25,000 for every person injured with a maximum of $50,000 for every accident. On the other hand, the minimum Property Damage Liability coverage is $10,000. To help you remember more easily, this minimum requirement is referred to as 25/50/10.

So, you see, it would be against the law if you do not have at least this minimum amount of coverage. And even if it were not required, I think that you would be removing a great deal of protection from your vehicle if you opt not to have it insured. Just imagine how much you would be paying if, while on temporary duty, your car got damaged by fire or something else, like the roof of your garage falling on your car. In the long run, you shall see that comprehensive coverage shall come in handy, as well.

Now, regarding the best car insurance company to choose for a man such as yourself, there are several things that need to be taken into account. First, the car insurance company should be able to understand the needs of a military man. TDY (temporary duty yonder) is part of almost every military man’s life, and the best car insurance company should be able to explain the ups and downs of car insurance in regards to the lifestyle of the military client. Second, you should also be offered some discounts just for the very fact that you would not be using your car very often. Car insurance companies lose money when clients get into an accident. So, in your case, they should be lenient enough to give you lower premiums. To finish, I suggest that you coordinate with your benefits office because they usually have some list of trusted companies, whether for medical attention or for insurance needs. They should also be able to help you in choosing the best car insurance company for you.