The term satisfactory is a subjective one. Perhaps we should concentrate on how to go about arranging a satisfactory auto insurance policy rather than trying to guess what is it. A good approach to buying coverage can help motorists deal with their insurance needs efficiently.
How to get started
Probably the first thing you need to determine is the minimum level of coverage acceptable to you. Then set your mind not to go below it and it would be great if you could achieve above. There is not much point in talking about Liabilities coverage since it is a legally required minimum. If this is what you are looking for it is easy to arrange them.
Motorists should think if they want to insure their car for possible collisions, theft, fire, flood, storm damages and vandalism. If the car is relatively new the answer would be yes in most cases. It would be very stressful to drive a brand new automobile without proper insurance. Losing it after all the investment would be sad.
Possible Policy Components
Collision and Comprehensive Coverage would compensate an owner of such damages. First you should see if the quotes including these covers on top of liabilities are coming at affordable levels. If they do you could go ahead and choose the cheapest car insurance quote or one above if you are not happy with the insurer offering the lowest deal.
Otherwise, you may look at other alternatives before giving up on such valuable protections. The first one would be to increase the deductibles to see if you can pull the premium down enough. This would usually work to offer you enough discounts so that you can comfortably pay the premium. In this case, deductibles offer a choice to motorists between accepting a little risk and saving money now. Or leaving most of the risk to the auto insurer should an insured loss happen in the future by paying higher premium.
Next you should check if your policy is coming with Uninsured Driver Coverage or not. In some states this is required to be provided automatically with policies sold. Otherwise, this is one of the important cover to consider. Should an uninsured motorists crashes onto your vehicle or you suffer from a hit and run incident you want your own insurer to compensate you. This saves you a lot of hassle. It is very hard for people to sue drivers who cannot even bother to buy basic liabilities coverage. There is a high chance they do not have the money to buy the policy and therefore, they do not have money to pay for your damages out of their pockets.
Once you decide on these main parts of the coverage and still looking to add little bit more protection you can start looking into Rental Reimbursement cover. Should your car get damaged as a result of an insured peril and sent to repair shop you can rent a car until it is back. Rental reimbursement provides money to pay for such arrangements.
Finding the right price
Essentially this is a practice of balancing coverage with costs. In order to keep the costs down you need to search for cheaper auto insurance providers for your circumstances. This could change depending on your driving history. For good driver with good education, credit history and profession most insurers would be reasonable priced. When you have a troublesome driving records things can get complicated. In that case, you would be looking for a company that is accepting higher risk drivers at a reasonable premium. If you have doubts about this company you can work hard to keep a clean record and switch back to main stream insurers just a year later.