FAQs

The necessary car insurance coverage varies based on individual circumstances such as your assets, financial situation, and risk tolerance. At Monarca Insurance Group, we conduct a thorough assessment of your specific needs. We take into account state minimum requirements, your vehicle's value, and potential liabilities. Our goal is to recommend coverage levels that provide adequate protection in case of accidents or other covered events, without burdening you with unnecessary expenses.

Auto insurance rates are influenced by several factors including your driving history, age, location, vehicle type, annual mileage, and chosen coverage levels. In some states, your credit score may also be considered. Insurance providers also factor in statistical data on claim frequency in your area. At Monarca Insurance Group, we carefully analyze these elements to secure competitive rates for our clients in North Attleborough and nearby areas, while ensuring you have sufficient coverage.

The decision to maintain full coverage on an older vehicle depends on various factors. It's important to consider your car's current market value, your ability to replace it if it's totaled, and your overall financial situation. A general rule of thumb is that if the annual cost of comprehensive and collision coverage exceeds 10% of your car's value, it might be more cost-effective to reduce coverage. However, liability coverage remains crucial. Our team at Monarca Insurance Group can assist you in evaluating your specific circumstances to make an informed decision.

Indeed, we offer detailed education on the various types of auto insurance coverage. We explain that liability insurance covers damages you cause to others, while comprehensive insurance protects against non-collision related damages to your vehicle. Full coverage typically includes both liability and comprehensive, as well as collision coverage. Our experts at Monarca Insurance Group are committed to explaining these distinctions clearly, ensuring you fully understand your policy and can make well-informed decisions about your auto insurance needs.