Buying auto insurance is critical step for owning a car since vehicle insurance is required by law in most states ―it is not optional. If you drive a car, you must have auto insurance. So you need to understand fully your state’s requirements, and how much car insurance coverage you need to maintain. When you pay a substantial amount of money and do suddenly find yourself involved in a collision, the insurance premiums you’ve been forking over all these years will finally pay off.
Types of Car Insurance
There are numerous other types of coverage that can offer additional protection from the costs of injuries and property damage to you and your passengers:
- Liability insurance: The most common type of auto insurance that is legally required is liability insurance, which covers damages to the other party when you are at fault.
- Comprehensive coverage – Pays for property damage after an incident that is not accident-related.
- Collision coverage – Covers damage to your vehicle from a traffic collision.
- Uninsured/underinsured motorist bodily injury coverage – Helps pay your expenses when you’ve been hit by someone with no or insufficient insurance.
- Uninsured/underinsured motorist property damage coverage – Helps cover damages to your property if you’ve been hit by an uninsured or underinsured driver.
- Medical expense payments coverage – Helps you pay for your and your passengers’ medical expenses, regardless of who was found at fault.
How to buy vehicle insurance at our office
When visiting our office, please provide:
- Applicant Name and Other drivers (if any)
- Address, phone number, age, gender, and marital status, occupation.
- Driver license of the insured
- Copy of registration card or VIN(Verified Identification Card) of all the insured cars
- Old Policy and old policy price (if applicable)
We will discuss with you in more details about Auto Insurance Coverage – full cover or liability only and duration to meet you needs.
Considering about coverage
- Your vehicle. If your vehicle is fairly new, an antique, or otherwise super valuable, cutting back on auto insurance isn’t the best idea.
- Your lender. If you financed your vehicle, chances are your lender requires you to have a certain amount of comprehensive and collision coverage until you pay off your auto loan.
- You drive a lot and in high risk areas such as highly populated cities where there are plenty of other motorists on the roads. It’s probably not best to buy less insurance for your cars.
Source: Mapfre, Travelers, Alliance United Websites