Auto Insurance Frequently Asked Questions

By Author: Elle Perkins
Total Articles: 36
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It is common knowledge that a person who owns a car must have auto insurance. People get car insurance not only for financial stability but also for safety and protection of properties and its family members. Every state requires a different type of auto insurance to its citizen. Coverage of insurance also differs from one state to another. But then do you know what deductible is? How about the minimum auto insurance coverage cost? What are easy steps to snatch the best deal?

Getting all mixed up about all these ideas? It is understandable to get confused with all this car insurance stuff but don't hesitate to ask for help. Here is a short Q&A that will enlighten people's cloud of thought about auto insurance.

Q: What are the various kinds of auto insurance? What does each policy covers?

A: There are many types of auto insurance. Some of these are liability coverage, collision coverage, comprehensive coverage and personal injury protection. The liability coverage is necessary for it pays the damages and injuries of the policy holder, the beneficiaries and properties during an accident. Collision ...
... coverage is favored by many since damages will be paid by the insurance company regardless of who is at fault in the accident. It is also a good move to acquire comprehensive coverage because it also pays for damages brought by natural calamities. Lastly, personal injury protection takes care of the medical bills for the treatment of injuries of the driver sustained in the accident regardless of who is at fault in the accident.

Q: How does a deductible work?

A: Increasing or decreasing deductible is the consumer's prerogative. Consumers can decide the amount to be paid for the different parts that encompasses the whole policy. Let's assume a person pays a deductible, which is worth $500 for a personal injury protection, and then in this case, the claim shall not be covered by the insurance company. When this person gets involve in an accident, the auto insurance company will still give out $500 as long as the insurance holder already completed the payment. The simple rule is that the higher the deductible, the lower the premium cost. Just always go for deductibles that are affordable.

Q: How much should coverage cost?

A: The value of coverage is decided by the insurance holder. States set minimum coverage requirements but a person can still increase the limit. Limit should be kept in the extent that it is still manageable. Let say the state requires person to have $20,000 liability coverage then the additional payments beyond this amount will be paid by the individual.

Q: What to do to get the best auto insurance deal?

A: There are plenty of ways to strike the auto insurance deal available. First step is to browse online. The internet offers hundreds of auto insurance sites. People can log in auto insurance quote comparison sites and see how car insurance prices differ. Subscription to mailing list of auto insurance companies is also useful because this provides the latest information about auto insurance deals. A visit to the local auto insurance company is also recommended to personally interact with an expert.
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