YOUR AUTO POLICY
Auto insurance isn’t only great protection for your vehicle, it’s also the law. All states require some degree of insurance for your vehicle to protect you and other motorists. Coverage requirements will vary based on your financial responsibility for your car and your state’s requirements.
When comparing quotes, it’s important to make sure you’re getting the same value. Often a policy that has a lower premium may have a higher deductible or less coverage. To get a true one-to-one comparison, review the details of each auto policy carefully to understand what it does—and does not—include. Once you have two policies with the same or very similar coverages, you’ll have an accurate cost comparison.
Understanding different kinds of coverage:
Please take note that every policy is different and that individual policies must be consulted for specific terms and conditions.
Comprehensive Insurance Coverage
Also known as “other than collision,” this coverage can help pay for damage to your vehicle from vandalism, theft, weather events and accidents involving animals.
Collision Insurance Coverage
Regardless of who’s at fault, collision can pay for damage to your vehicle if you hit another vehicle or object, another vehicle hits you, or your vehicle rolls over.
Bodily Injury Liability Coverage
Bodily Injury Liability insurance will cover your legal liability for a covered accident that involves injury to another person, up to the limits of liability you select. To protect your assets should a claim be brought against you or if you are sued, you’ll want to purchase enough coverage to protect your assets. Consider purchasing an excess liability policy which may provide additional limits of liability.
Uninsured/underinsured Motorist Damage Coverage
According to the Insurance Research Council, one in seven drivers go uninsured. Uninsured motorist coverage protects you in situations where there is a hit-and-run driver, when the driver who is responsible for the accident has not purchased enough coverage to pay for damages, or when the responsible driver’s insurance company is insolvent. This coverage may provide compensation for bodily injury and lost wages in addition to damage to your vehicle.
Medical Payments Coverage
Medical payments coverage can help cover all reasonable medical expenses and funeral expense of covered drivers and passengers after an accident, regardless of fault. In most states, its an optional addition to your car insurance policy.
Property Damage Coverage
If your car damages someone else’s property, including a car, fence, garage, or the front of a home, you are usually responsible for paying for those damages. Property damage coverage protection will protect your assets, including your home and future earnings. Consider having a higher limit of liability coverage because it may help you to avoid having to pay out-of pocket costs, if you are at fault in an accident.
Gap insurance may help you cover the “gap” between what you owe on your car and your car’s actual cash value.
Roadside Assistance coverage may even be available when you and your family household members are passengers in someone else’s vehicle, or during a roadside emergency in which your vehicle is disabled.
Rental coverage provides payment for a rental vehicle or the cost of private or public transportation while you are waiting for your vehicle to be repaired or replaced during a covered loss. Different policies offer a variety of daily limits.
Looking for ways to save money on car insurance. Various insurance companies have different programs but many offer multi-coverage discounts, meaning you save on individual premiums when you have more than one insurance policy with the same company.
If you drive less you may be eligible to save money on your premium based on your driving habits or based on your driving record. You can discuss with our agents, the different programs that are available.