E A Stevens Company Inc

389 Main Street
Malden, MA 02148

Phone: 781-322-2324

152C South Main Street
Middleton, MA 01949

Phone: 978-774-6126

How Much Auto Insurance is Enough

Auto insurance blends several types of coverage into one policy. Typically, your policy will include some combination of comprehensive, collision, medical, liability and uninsured motorist coverage.

How much auto insurance is right for you?

Every person is unique – it depends on your specific situation. To determine coverage, consider the following.

Liability pays for the damage you cause to others if your car is involved in an accident. It also protects you from being wiped out financially if you are sued following an accident. The greater your assets, the more you stand to lose. If you have substantial financial resources, you may need liability coverage that exceeds the coverage that you’ll get from an auto insurance policy. In that case, a Personal Umbrella can provide the extra liability protection you need.

Medical payments coverage is also available which provides for medical expenses to you and your passengers that are the result of an accident.

Collision covers damage to your car from an accident. We can help you decide whether or not to carry collision coverage by balancing the cost of collision insurance with the value of your car. It might not be worth paying $200 a year for collision insurance on a car that’s worth only $1,000. But if the car is worth $10,000, you probably want this coverage.

Comprehensive coverage is very similar to collision coverage – the main difference is that comprehensive covers damage to your vehicle caused by any unknown party or “act of God”. Vandalism, flood, hurricane, theft, windshield damage, fire, flying objects such as rocks, etc. are all events usually covered by comprehensive automobile insurance. Like collision, comprehensive will pay up to the fair market value of your car less your insurance deductible. In the event of a glass loss, no deductible will apply. And although it’s not legally required by any state, you will probably need it if your car is financed.

Uninsured/Underinsured Motorist Coverage

This coverage typically pays for expenses associated with injury or death from an accident caused by an uninsured, underinsured, or hit-and-run driver. It also covers you if you are hit as a pedestrian.

Keep in mind that Massachusetts can require certain minimum levels of coverage. The right coverage for you is unique – talk to us today to find out how to get the best price and value on auto insurance for you.

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Featured Carriers

We’re proud to feature several fine insurance companies, including Safeco, Andover Companies, The Hartford, Encompass, Travelers, CNA, Central Mutual, Acadia, Safety, Philadelphia, Chartis, Peerless, Quincy Mutual, Zurich, Foremost and many more!