Reader’s Question:

Hello! I just bought a brand new car and still paying it through bank financing, is my car insurance going to be expensive? One more thing, I reside in Utah and I need to know our state’s minimum liability coverage.

Clara

Salt Lake City, UT

If you live in Utah and you want cheap car insurance, it is very important that you shop around. You can save hundreds of dollars on your monthly premiums if you do this. Utah is starting to be a tourist destination because of its ski resorts and spas and every year, traffic is getting worse due to visitors or tourist. That’s why it is important to have a good amount of car insurance coverage. The best way to shop for car insurance is by using a car insurance comparison website. They are very easy to use and their pretty much straight forward. All you have to do is fill up the necessary information and in less than a minute, you can have multiple car insurance quotes from different car insurance company.

You mentioned that you own a brand new car and you’re still paying through bank financing, right? So, I guess you probably need a comprehensive car insurance coverage then. We know that comprehensive coverage is quite expensive but we can still reduce the cost by raising its deductible. It is more cost effective to have a higher deductible rather than to pay high amounts of premiums every month so keep this in mind.

In Utah, our minimum liability coverage is 25/50/15. Meaning your policy coverage must have a limit of $25,000 in bodily injury liability, a $50,000 for multiple people’s injury and a $15,000 in property damage liability.