Auto Insurance

Any person who owns an automobile is required by their state to insure it to certain minimum limits to protect the public in the event of an at-fault accident. Usually these minimum limits fall short of the actual protection you really need. Your insurance policy should be written with liability that will protect your assets in the event of a lawsuit that may result following an at-fault accident.

It is common today for injury cost to amount to tens of thousands of dollars when consider the cost of the emergency room, hospital stay and diagnostic tests added together. You, as the insured driver should want to make certain that the medical costs of the other driver’s injuries will be paid for in full without you having to explain each coverage available to you and what limits are necessary for your financial situation.

Auto insurance Information.
What is auto insurance?
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Auto insurance provides property, liability and medical coverage:
1. Property coverage pays for damage to or theft of your car.
2. Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
3. Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

An auto insurance policy is comprised of six different kinds of coverage. Most state requires you to buy some, but not all, of these coverage. If you are financing a car, your lender may have requirements.

Most auto policies are for six months of a year. Your insurance company should notify you by mail when its time to renew the policy and pay your premium.

Why do you need auto insurance?
1. If you are in an accident or your car is stolen, it costs money, often a lot of money, to fix or replace it.
2. If you or any passengers are injured in an accident, medical costs can extremely expensive.
3. If you or your car is responsible for damage or injury to others, you may be sued for much more than you are worth.
4. Not only is having insurance a prudent financial decision, many states require you have at least some coverage.

Question to ask your agent Your independent Agent is an advocate for finding auto insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:
1. How much can you afford to pay if you get in an accident? (To keep premiums low you may want to have a higher deductible and be willing to pay more for repairs.)
2. What is the insurance company’s level of services and ability to pay claims?

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