Auto Insurance

A deductible is the amount you pay out-of-pocket at the time of the claim before the insurance company pays their part. Deductibles most often range from $250 to $1000. The lower your deductible, the higher your monthly premium. The higher your deductible, the lower your monthly premium.
Suppose you have a $250 deductible and you get in an accident. The body shop estimates your damages will cost $4,500 to repair. Our insurance company would give the body shop a check for $4,250, and the remaining $250 is your out-of-pocket deductible.

Premiums are the monthly, biannually, or annual payments you make to your insurance company so they will provide you coverage, and pay in the event of a loss.

When driving a car, you are required by law to have liability coverage. This is the type of coverage that protects you in the event that you are in an accident where you are at fault and cause property damage or personal injury to the other party. In this event, you become liable for all damages occurred. Liability coverage also protects you if someone files a lawsuit for damages against you.
State minimum for liability coverage is 30/60/25. This means that your liability insurance will cover $30,000 per person and/or up to $60,000 total in an accident for bodily injury and $25,000 for damages caused to the other party’s property.

Collision coverage is an optional form of coverage that comes into play when your car is damaged by hitting another vehicle or object. It will typically pay to fix or replace your vehicle. It can also help in the event that someone hits your car while it is parked.

Comprehensive coverage is also known as Other-Than-Collision coverage. It protects you if damage is caused to your car because of something other than a collision. This covers you if your car were to get vandalized, stolen, damaged from hail, etc.

When you are in an accident, the first thing people ask is if you are okay. We know that is the most important thing to everyone involved and that is why medical payment coverage can cover medical expenses for you and your passengers, no matter who is at fault. As well, it can provide coverage if you are injured while in another car, or as a pedestrian. Medical payments coverage covers things like doctor visits, hospital stays, and ambulance fees.

Property damage covers the cost of damages to the other party’s property when you are at fault in an accident.

Much like medical payment coverage, personal injury protection coverage will cover medical expenses. Personal Injury Protection is more comprehensive, however, and could also pay for loss of income, funeral expenses, or child-care expenses.

Not everyone follows the rules the way you do. This means you could be involved in an accident with someone who is uninsured, or with someone who drives away before the police arrive.
There are two parts to uninsured motorist coverage.
Coverage for bodily injury can cover you and your passengers if an uninsured driver causes an accident and you are injured.
Coverage for property damage helps to cover repairs or replacements if an uninsured driver causes an accident and damages your car.

Gap insurance is an optional insurance coverage for newer cars that can be added to your collision insurance policy.
It may pay the difference between the balance of a lease or loan due on a vehicle and what your insurance company pays if the car is considered a covered total loss.

When your car is out-of-commission, life gets a little harder. Rental car coverage can help cover the cost of a rental vehicle while your vehicle is out of commission due to a covered loss, if your vehicle is in a tow yard, or if it is necessary to leave the scene of an accident. It is important to note that rental car coverage only comes into effect when you file a claim on an incident that makes the rental necessary.

When you are stuck on the side of the road due to a breakdown, the last thing you want to worry about is how you are going to afford towing costs. Towing and Labor coverage is an optional form of coverage that helps cover some of the costs associated with common breakdowns. This is a reimbursement form of coverage that requires you to pay for the fees and get reimbursed after you file a claim.