Car, Auto & Truck Insurance

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What can an Auto Insurance do for you?

Accidents happen anytime and an auto insurance can surely protect you from any financial loss. By having a contract between you and a trusted insurance company, you are sure that you are covered by the insurance company. You just have to pay the premium and the company will pay for the losses as cited in the contract. Auto insurance covers property, liability, and medical expenses:

  • The property coverage is responsible if your car gets stolen or damaged.
  • The liability coverage handles the legal responsibility if there any property damages.
  • Lastly, the medical coverage is for the treatment cost if someone gets injured, hospitalized, or even when someone needs money to cover for the funeral expenses.

An auto insurance policy has numerous types of coverage. There are currently 6 types, most U.S. states will require you to buy some. However, buying all 6 is not necessary. If you are availing a car loan, your granter may require you to get an auto insurance.

In case you are asking, “Why is Car Insurance So Expensive?” Well, price quotes vary when you try to ask around. Usually, the duration for most auto policies are between 6 months to 1 year. The insurance companies typically inform their clients when their contract is about to expire, or when time to renew for another term.

Is an Auto Insurance really necessary?

It’s not just about protecting yourself because an insurance also protects the people around you.

  • If you got into an accident, it would cost a lot of money to go to the hospital and to repair your car.
  • If your car is stolen, it would cost a hefty sum to replace it.
  • If you or your passengers get injured, the medical expenses won’t be cheap.
  • If you cause damages to others, you may get sued and that would entail monetary compensation.

Having an insurance is not something one should consider. In fact, it is required. Most states in the country will require to have some security. Again, there 6 types of coverage. Ask your agent what works best for you.

What are the limits of an Auto Insurance?

The minimum for each insurance policy really depends on which state you are in. If you are curious if you need a collision insurance, there’s a blog post regarding: “What is Collision Insurance and Do I Need It?”

Things to Discuss with Your Agent:

Your agent should help you look for the best auto insurance that fits your needs. Below are the list of things to consider when you meet up with your agent:

  • How do I have to pay if I meet an accident? What is the minimum value?
  • What’s the reputation of the insurance company? Are they known to pay quickly and prompty?
  • Are there discounts if you choose to purchase multiple insurance policies?
  • What are the steps in filing for a claim? Who you do need to call in times of crisis?