Important Policies Any Driver Should Purchase
There has never been a greater need for car insurance than today, when gas prices are coming down and more and more people are confidently getting behind the wheel. Statistics show that more vehicles on the country’s roads meaning a higher incidence of traffic accidents. There are also other factors which need to be considered as potentially causing damage to motor vehicle such as vandalism, theft and natural hazards. The auto insurance market offers a wide range of coverage options, and the best way to find a policy that is best suited for your needs is to use online auto insurance quotes.
There are six types of auto insurance which are included in a basic policy. These are property damage liability, bodily injury liability, medical payment coverage, uninsured/underinsured motorist coverage, collision coverage and comprehensive coverage. In addition to those six basic types of auto insurance which are included in the basic policy, there are several other types which are meant to cover very specific events in which your vehicle might suffer damage, or certain needs that may arise as result of an accident. Most of them are optional, and adding them to your policy will increase your premium.
Within the basic policy, property damage liability pays for the damage caused to another vehicle as result of an accident for which you are responsible. Bodily injury liability covers pays for injury or death in an incident for which you are responsible. Medical payment coverage pays for medical expenses which you and/or your passengers have to deal with as result of an accident, regardless of who is at fault. Uninsured/underinsured motorist coverage covers any expenses which arise when your vehicle is damaged by a driver who has little or no insurance. It typically covers medical expenses, but in some states it also covers vehicle damage. Collision coverage, subject o a deductible, covers damages suffered by your own vehicle in a collision. Comprehensive insurance, also subject to a deductible, covers damage from theft, vandalism or natural disasters.
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