Owning a vehicle certainly comes with a host of responsibilities. Not only do you have to make sure that you follow the laws on the road, but you also have to follow the laws regarding proper insurance. Personal Auto Insurance is a requirement if you own and drive a car.
Car wrecks are expensive, and adequate insurance helps alleviate some costs associated with damage to the car or physical injuries that you or someone else may experience. Keep in mind, the amount of coverage required for your car may vary based on where you live or the type of loan you have on your vehicle.
Personal Auto Insurance Coverage
Personal Auto Insurance coverage is not optional. You must have Auto Insurance if you drive a vehicle. Whether you have purchased, borrowed, or leased a car–there should always be insurance on that vehicle to help protect you financially in the event of an accident, theft, weather, or vandalism.
Bodily Injury Liability Coverage
Bodily injury liability is almost always required in Personal Auto Insurance. This covers the medical expenses, loss of wages, and other costs (should something else be included) for other people involved in the incident. Remember, these costs can certainly add up, and you don’t want to have to pay those costs out-of-pocket. Protect yourself by having bodily injury liability coverage.
Comprehensive Coverage
Comprehensive coverage covers the cost of damages as a result of incidents such as weather, theft, vandalism, and hitting an animal of any type or size.
Collision Coverage
Collision coverage covers the costs of your vehicle, no matter who is at fault for the crash. Another terrific advantage of collision coverage is that it usually includes on-car accidents like striking a tree or light pole.
Gap Coverage
Gap coverage is beneficial for drivers who want to bridge the gap between what they owe on a vehicle compared to what it is actually worth at the time of the accident. Keep in mind; this calculation is not based on the worth of the car at the time it was purchased.
Underinsured Motorist Coverage
If you get into a wreck with someone who has no insurance, you can still get assistance with covering the costs if you elect to have uninsured/underinsured motorist coverage added to your Auto Insurance policy.
What Factors Affect The Cost of a Policy?
There are numerous factors that may influence the cost of an Auto Insurance policy. Common factors include:
- Type of vehicle
- Financial history
- Limits of coverage
- Location
- Car usage
- Driving history
- Previous insurance coverage history
You can ask for a quote to ensure that you have a full understanding of your Auto Insurance costs.
Speak To The Personal Auto Insurance Brokers
Southern States Insurance is happy to provide you with information that you need to select an auto insurance policy that meets your needs. Please contact our office to learn more about our insurance options. Give us a call at 888.971.6304 or request a quote online today. We are here to help!