:::

Car Insurance CO Information

:::
 




:::

Car Insurance CO Articles

:::

Understanding Your Auto Insurance

By Tom McKnight

Reading auto insurance policies can be like trying to decipher advanced calculus. It's really not that difficult if you understand a few basic terms. Collision, Comprehensive, Bodily Injury Liability and Property Injury Liability are the main terms you need to fully understand.

You'll appreciate Collision Coverage in the event you need repairs or replacements if your vehicle collides with another vehicle or property. The higher the deductible you elect, the lower your premiums will cost you. If you're at fault for something, well of course it would still be an accident, as I doubt you'd plan to run into that guard rail, but how much would you be able to afford to pay out of pocket for repairs? $250? $500? $1,000? Just like medical insurance, you'd have to pay that deductible amount first and then the insurance company would pay for the remaining charges for the repair.

Another term to become intimately familiar with is Comprehensive Coverage. This is the coverage that pays for damage caused from falling objects, fire, certain natural disasters, theft and vandalism. Deductibles work the same way as with Collision; the more out of pocket costs to you, the less your insurance premium.

In addition to knowing how much Collision and Comprehensive coverage you have, you'll want to know about your liability coverage. Let's say you rear-end another driver. Or your foot slips off the brake onto the gas pedal and you plow down a mailbox. Your liability coverage will kick in and pay for the damages that you caused with your insured vehicle. You liability coverage will, or could, include bodily injury (people) and property damage.

You don't want to go without Bodily Injury Coverage. If you were at fault in an accident and others involved needed to go to the hospital and/or lost wages from missing work, those costs would come out of your pocket if you are not insured with Bodily Injury Coverage. It doesn't take a genius to know how quickly those amounts can add up. This type of coverage can also help you in the event the other party takes legal action against you. Many states require you to carry Bodily Injury Coverage.

The other part of liability includes Property Damage coverage. Can you imagine how much it might cost should you accidentally drive into the side of someone's home? You wouldn't want to be caught without property damage insurance should you need to pay for repairs to another vehicle, building or anything else you might hit. As with Bodily Injury coverage, Property Damage coverage also helps protect you in the event of a related lawsuit.

Every policy will have its limits and various degrees of coverage. It's important that you understand the basics of what you are paying for and why it is necessary. No one plans for an accident, be prepared!

Free Quote Car Insurance CO


:::

Car Insurance CO Featured Resources

:::


SEARCH RESULTS

Annuities: The Shocking Secrets Revealed
Discover The Shocking Secrets That Banks And Insurance Companies Don't Want You To Know.

Insurance Leads Generation
Generate Quality New Leads At A Fraction Of The Cost Of Offline Marketing.

Car Auction
From The Gov-Records.com Team!

State Car Auctions
Local Seized Cars and Real Estate Auction Listings


:::

Car Insurance CO News

:::


The Voice of British Farming
Your basket is currently empty! Our unique network of local offices and advisers are co-funded by NFU Mutual.

Crash-achusetts: Tops for Car Collisions
Five of New England's cities rank in the Top 10 worst in the country for accidents, according to Allstate Insurance Co.

Cars that drive themselves starting to chat with each other
The second car drove itself, following instructions beamed over by the first in a feat of technology that indicates a new stage in automation is happening faster than many expected. Manufacturers and suppliers now are putting the two together in novel ways, with broad implications for vehicle safety and convenience. General Motors Co, Honda Motor Co, which owns Acura, and other automakers are ...

5 Reasons Why Automakers Shouldn't Fear Google Inc's Driverless Car
Google Inc?s (NASDAQ: GOOG ), (NASDAQ: GOOGL ) driverless car creates the feeling that anything's possible. Last spring, Google announced that it is ?mastering city street driving,? an effort toward building ...

Vintage car bubble? Auctions pull in $400M
The prices and totals at the Pebble Beach auctions show the spending spree in collectible cars continues to rage on.

Insurers to demand more data via telematics to fine-tune insurance prices, says AXA CIO
AXA CIO Kevin Murray reveals how telematics devices, in-car and in-home, will increasingly help to set insurance premiums

Are the Wealthy Creating a Vintage Car Bubble?
Wealthy car buffs shelled out more than $400 million for collectible autos at the Pebble Beach auctions over the weekend, busting the previous record.

Pebble Beach auctions pull in $400M
The prices and totals at the Pebble Beach auctions show the spending spree in collectible cars continues to rage on.

Six types of driver who would benefit from 'black box' insurance and why
Putting a black box into your car could save you a substantial amount of money on your premiums. We describe the six types of drivers who would benefit from the device

10 Best New-Car Deals For September Announced By KBB.com
IRVINE, Calif., Sept. 12, 2014 /PRNewswire/ -- The experts from Kelley Blue Book www.kbb.com , the only vehicle valuation and information source trusted and relied upon by both consumers and the automotive ...


:::

Car Insurance CO Blogs

:::



Google


 

Best Sellers from



GatorDocs

Lighting 2 Light Bulbs



Want to Link to Us?

Link to CarInsuranceHunter.com