Should the owner of a vehicle choose to only carry the state’s minimum liability limits, this places the owner at risk of losing everything they have worked for."
Salt Lake City, UT (PRWEB) June 15, 2016
Today, insurance review website Obrella.com launched its new auto insurance Coverage Calculator that gives consumers recommendations for how much coverage they should purchase based on their unique needs. The tool guides the user toward an answer of how much car insurance coverage is enough to protect them and their financial assets if they are ever in an accident.
While other auto insurance calculators allow consumers to compare policies and rates from various carriers, Obrella is the first to offer an online tool that gives a specific recommendation for the amounts and types of coverage for insurance buyers.
To use the tool, consumers answer a few details about themselves, including their demographics, age of their car, how many miles they drive, and the amount of personal financial risk they are willing to take on. They then get recommendations for auto insurance coverage, with suggestions ranging from the state minimums to robust coverage packages.
The Coverage Calculator also serves as an educational tool for consumers to understand their coverage options and find out how they may benefit from additional coverage. It explains, for example, that Uninsured/Underinsured Motorist (UM/UIM) coverage is recommended for those who are at a high risk of losing their valuable assets.
“Should the owner of a vehicle choose to only carry the state’s minimum liability limits, this places the owner at risk of losing everything they have worked for,” said Carol Stringham, trainer for Clearlink Insurance Agency. “Also any future earnings, should they get into an auto accident that is their fault.”
Obrella offers the tool as a free service that works on any device, and it is shareable through social media. To use the Coverage Calculator, visit obrella.com/resources/how-much-coverage-do-I-need.
Obrella.com is a free information resource designed to help consumers understand the intricacies of insurance. The site offers reviews, news, tips and resources for auto and property insurance, and more.