Auto Insurance

Important Auto Insurance Coverages

When reviewing your policy, you might come across certain coverages and wonder what they are and why they’re included.

Here are some important ones for you:
Collision Coverage
Collision coverage is part of your policy that covers your car in the event you damage it in an accident with a fixed or moving object, such as another car, a curb, a house, or a guard rail.

Comprehensive Coverage
This coverage also protects your car if something else damages it, such as theft, a rock that cracks your windshield while driving on the highway, or an animal you might hit.

Property Damage
Suppose you cause someone’s car, a guardrail, a house, or some other property that belongs to someone else in an accident. This part of your policy compensates the other person for that damage.

Bodily Injury Liability
This coverage protects your financial interest if you injure another party in an accident. It is the part of your policy that pays that other party for their medical bills and related expenses. Due to the high cost of medicine, it’s dangerous to carry liability limits that are too low. We can help you decide on this.

Un-insured & Under-insured Liability
This coverage compensates you if you are injured by another party who was either unidentified or didn’t have a high enough limit of Bodily Injury Liability to cover your expenses. It’s an essential part of your auto policy because you have no control over how much insurance other people are driving around with.

Standard Auto Insurance Rating Variables

Age—Insurance companies use age to set rates. Drivers under 25 and over 65 don’t get preferred rates due to their higher accident frequency, which increases their risk of financial loss.

Credit—Insurance scoring has been used as a metric for years. Typically, better credit leads to more favorable rates.

Car —Determining the rate involves considering the car type, engine size, and safety features.

Driving History —Your driving record and loss history significantly impact the price. If you have a poor driving history with multiple moving violations or accidents, you may not qualify for a preferred rate until these issues are at least three years old.

Household—Insurance companies assess risk at the household level, so multiple drivers under 25 affect pricing for everyone in the household.

How to get started with your car insurance quotes

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