Chances are, you’ve filed at least one auto insurance claim in your lifetime—even if it was minor. According to the car insurance industry, the average driver has a total of three to four accidents in his or her lifetime. Now that doesn’t mean each accident is life-threatening. Most of these claims are mere parking lot scrapes or unlikely meetings with immovable objects. But minor accidents can rack up thousands of dollars in repairs, and major accidents can financially cripple you in medical expenses. A1 Insurance will work with you and several different top-rated carriers to determine which insurance plan works best for your needs, desired deductible and premiums.
What are my options for auto insurance?
Everyone wants to save money on auto insurance, but choosing the lowest premium isn’t always the best option. You have to balance out how the premium costs and the different coverage options will affect or benefit you. Here are some of the auto insurance coverage options you can choose from:
Liability Insurance Covers bodily injury and property damage to others
Collision Insurance Covers physical damage to your vehicle caused by accidents
Medical Payment Coverage Covers medical coverage for you and your passengers
Comprehensive Coverage Covers physical damage to your vehicle caused by theft, vandalism, hail and falling objects
Uninsured/Underinsured Motorist Coverage Covers medical expenses, pain and suffering and loss of wages for you if you’re in an accident with someone that does not have insurance or very low amounts of coverage
Additional Coverage Options Enhance standard policies with coverage for towing and labor, car rental loan/lease coverage and more
Does comprehensive insurance cover everything?
While many people refer to comprehensive insurance as “full coverage,” there really is no such policy. Comprehensive coverage is an add-on—and although the term comprehensive may lead you to think otherwise—it doesn’t mean it covers everything. It does pick up a few extra situations where liability and collision insurance don’t. Comprehensive insurance will pay for damages to your vehicle caused by theft, vandalism, hail and falling objects. Most banks will require you add this option to your policy if your vehicle is leased or financed.
Why would I choose just liability insurance?
Liability only insurance usually has the lowest premiums (a reason some people choose this option for their auto insurance). It’s also the minimum amount of car insurance most states require. Keep in mind though, liability insurance only protects you if you’re at fault in an accident by paying for bodily injury or property damage to others. It does not cover damage to your vehicle, and you would be personally responsible for any claims that go over your policy’s limit.
How does collision insurance differ from liability insurance?
Collision insurance covers damage to your vehicle should you be in an accident. If your car is leased or financed, most banks will require this level of coverage. While this insurance is smart to have, there may be a point where it makes sense to drop collision insurance. This is especially true if you can easily replace your vehicle. A1 Insurance will walk you through whether this coverage is the best option for you by looking at the resale value of your vehicle, your driving record and how much you pay for this coverage.
How do I get the best coverage and premiums?
After talking with you about your auto insurance needs, A1 Insurance will search our network of top-rated insurance carriers to give you comparison quotes on the best level of auto coverage, premiums and deductibles for you.