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Is Auto Insurance Important?
Auto Insurance is very important for you to have and in most states is required by law. This insurance will pay for your vehicle if you are involved in an accident. The coverage known as collision will take care of the damage to your vehicle. If you cause damage to another party's vehicle, your liability coverage will take care of their damages. If my vehicle is vandalized, is this covered by my insurance? Well, this will depend on if you have elected to carry comprehensive coverage as part of your insurance. If you have comprehensive coverage, you will be able to use your insurance to take care of this damage. Do I need to have coverage which will pay for damage I may have caused to another vehicle due to an accident? Yes in most cases you do. Again, this will depend on the state that you live in. Most states require that you carry a coverage known as liability. The state will require liability coverage with a minimum amount of coverage that you will need to carry to protect the other vehicle if you are involved in an accident. This coverage includes property damage and injury coverage which may be caused to another party from the accident.
Are there any other coverages that I can purchase as part of my auto insurance? Yes, you can choose some or all of the following: medical payments,uninsured motorist,rental and towing coverage.
What is a deductible and can I save money on my auto insurance by having a larger deductible? A deductible is the amount you will need to pay towards the repair of your vehicle. For example, your deductible may be $500.00. This amount is reduced from your vehicle repair estimate, and you will be responsible for paying this amount after your vehicle is repaired. You can save money on your auto insurance by having a higher deductible.
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