Auto insurance is designed to pay for your car if it is damaged. However, the most important aspect of this insurance, involves paying for injuries and damages to others. This helps you avoid lawsuits and serious financial issues.

Do you own a car and live in the province of Alberta? If so, you must insure it, and that is the law.

Everyone that owns a car in Alberta must have the minimum requirements according to law. Those requirements are:

• Third Party liability insurance – liability coverage pays for legal fees if someone sues you and will pay settlements up to the amount of your coverage limits. In Alberta, you must carry at least $200,000 in liability coverage.
• Accident benefits – pays for things like physical therapy, loss of income, medical bills, funeral expenses, and death benefits.

Your first option is to raise your liability coverage, which is a smart idea. It is not unusual for a medical settlement to be in excess of $500,000 to $1,000,000 and if you only have the $200,000 minimum, what are you going to do? At A M Luken Insurance we suggest $2,000,000 of liability protection is a good idea as the cost is usualy only about 10 percent more it is not double. Here are other options to consider:

• Collision – pays for damages to your vehicle in the event of an accident that is your fault (or partly your fault). If you are not at fault, the other driver’s insurance usually pays. However it also pays damages for hit and run losses to your vehicle.
• Comprehensive – pays for damages caused by fire, theft, vandalism, hail, flood, impact with animals and other damages caused by non-vehicle accidents.
• Replacement cost coverage – this is a good idea if your car is worth more than the book value. This could include new cars but now also covers older vehicles but at a higher insurance rate..
• Disappearing deductibles – all claims to your vehicle come with a deductible, how would you like your deductible amount to lower every year that you are claims free? With this option, it will eventually be zero.

Finding Affordable Car Insurance In SE And SW Calgary

Not all insurance companies are the same. They don’t charge the same premiums nor do they offer the same kinds of insurance discounts. You could check out many companies to see what is available, if you have an unlimited amount of time. However, it’s so much easier to contact a trusted insurance broker like one you will find at A M Luken Insurance & Financial Services.

When you come to us, we take care of all the insurance shopping and comparisons for you. We are partnered with many fine insurance companies and we will do our best to find you best deals on insurance with the right coverage for you. Discounts are available based on:

• Age
• Multiple vehicles
• Multiple insurance policies
• Driver training
• Occupation
• Years you have been driving
• Claims and conviction free driving
• Auto alarm systems

You receive several important advantages when you do business with an insurance broker.

One of the most important reasons to chose an independent insurance broker: In the event of a claim your broker will be there to help mediate with the insurance company on your behalf. In many cases calling senior claims managers to help move the claim along etc. Brokers will also contact and communicate with Underwriters to try to get you the best rates and the best coverage for a reasonable premium.

For example:

• Your broker is an independent broker and is affiliated with many different insurance companies.
• You will not have to spend hours on the Internet or make phone call after phone call to research insurance options and prices. Your broker does all this for you.
• You can save a great deal of money on insurance premiums. In fact, the savings can be significant.
• You will have the right insurance coverage in place for your auto, so you won’t have to be concerned with future problems when they arise.

Contact an insurance professional at A M Luken Insurance & Financial Services by calling 403-225-5996.