Understanding Your Auto InsuranceBy 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!
Car Insurance Ontario CA: Target Up Insurance is Expanding
ONTARIO, Calif., Sept. 4, 2014 /PRNewswire-iReach/ -- Car Insurance Ontario CA - Car insurance is a necessity in California. While many may argue they do not need insurance because they are safe drivers, car insurance is not to protect them. Car insurance protects the consumer from other drivers. Those who live in Ontario, Calif., will be pleased to know that a 30 plus year veteran of the ...
Full Coverage Car Insurance by State Agencies Now Quoted for American Motorists Online
Full coverage car insurance is now included from state agencies in the database at the Quotes Pros website. Instant quotes are available at http://quotespros.com/auto-insurance.html . (PRWeb August 23, 2014) Read the full story at http://www.prweb.com/releases/full-coverage-car/insurance-quotes-rates-us/prweb12117060.htm
Collector Car Insurance Now Quoted at Insurance Website Online
Collector car insurance is now being quoted for motorists using the Bright Sky Insurance portal online at http://brightskyinsurance.com/auto-insurance.html . (PRWeb August 25, 2014) Read the full story at http://www.prweb.com/releases/collector-car-insurance/auto-insurance-vintage/prweb12120296.htm
General Auto Insurance Locator at Insurer Website Now Promotes High Risk Policy Pricing Online
The general auto insurance locator tool built for use at the Quotes Pros website now features prices of providers specializing in high risk policies at http://quotespros.com/auto-insurance.html . (PRWeb September 05, 2014) Read the full story at http://www.prweb.com/releases/general-auto-insurance/car-insurance-quote/prweb12148963.htm
Top tips for buying a used car
PEOPLE in Bristol who are on the lookout for a new set of wheels can this month (August, 2014) get some free advice from two car dealerships in the city.
BPI Family Auto Loan Brings Back the Auto Madness Fever in September
GO CRAZY over the biggest car sale of the year from BPI Family Auto Loan as it brings back a bigger, better, and madder than ever, BPI Auto Madness this whole month of September! Enjoy ridiculously low loan rates, free 1-year comprehensive insurance, and a wide selection of participating car models, only from the Philippine?s first bank. From September 1 to 30, 2014, catch the Bank?s Auto ...
Direct Auto Insurance Rates Now Supplied to Motorists Nationally at Insurer Portal Online
Direct auto insurance rates are now part of information that is viewable while using the finder tool at the Auto Pros website at http://autoprosusa.com/auto-insurance . (PRWeb August 27, 2014) Read the full story at http://www.prweb.com/releases/direct-auto-insurance/car-insurance-prices/prweb12127223.htm
Western Funding Announces Instant Approvals on DealerCenter
Western Funding Incorporated is now active on DealerCenter. This integration makes Western Funding financial products more accessible to dealerships by offering instant approvals a
TitleMax Opens 12th New Mexico Location
Residents in Albuquerque, NM can now visit another car title loan store. More information about TitleMax can be found at http://www.titlemax.com . (PRWeb September 08, 2014) Read the full story at http://www.prweb.com/releases/TitleMax/NewMexicoCarTitleLoan/prweb12153446.htm
Vehicle Repair Insurance Prices Now Displayed Nationally Using New Quote Finder Online
Vehicle repair insurance prices are now being displayed using the national system at the Quotes Pros website. Policies are now priced at http://quotespros.com/warranty . (PRWeb August 21, 2014) Read the full story at http://www.prweb.com/releases/vehicle-repair-insurance/car-insurance-quotes/prweb12113853.htm