Should You Get Medical Payments Coverage?
This type of coverage generally pays up to $10,000 in medical and funeral expenses for each person that is injured or killed in your vehicle - regardless of who is at fault.
What most people don't realize is that this type of coverage is not really necessary if you already have good health insurance.
If your health insurance has a high deductible, then it's a good idea to get medical-payments coverage so you won't have to pay anything out of pocket - usually $1,000 to $5,000 is sufficient.
Another reason you may want to get medical-payments coverage is if people with no health insurance regularly ride in your vehicle.
Your liability coverage should take care of their bills if they get injured, but it can take a long time to sort out who's at fault. The medical-payments coverage will pay their medical expenses no matter who's at fault.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid