If you are new to driving, you are probably purchasing an auto insurance policy for the first time. Navigating an insure policy can be intimidating. It might be hard to know what kind of coverage you should opt for. You might try to save money by eliminating certain things from your coverage, or opt for coverage that you really don't need. This is why it is important to educate yourself on what all of the different types of coverage mean. Here are some things you need to know about auto insurance.
1. Comprehensive Coverage
Many policies will include comprehensive coverage in their insurance policy. For many people this is a very good idea. If you have collision coverage then you car is insured if you get in an accident. This means that the insurance company will pay for any repairs relating to the accident. However, with comprehensive coverage you can get help paying for things that might not be related to an accident. For example, if you car was stolen, you could get reimbursement through the insurance company. The insurance company may also pay for towing, windshield replacement and other things.
2. Liability Coverage
In most cases you should carry liability coverage. This is the coverage that will protect you in the case that you are sued for a car accident. If you are found at fault for a car accident you may not only be responsible for the costs of the property damage, but you could be responsible for medical bills, therapy, wrongful death and so much more.
When you carry liability coverage the insurance company will help to pay for the things that you are required to pay for the lawsuit. Since lawsuits happen so often, it is important to always be prepared and carry liability coverage.
3. Bodily Injury Coverage
Lastly, you can get bodily injury coverage through your insurance policy. This is coverage that will help to pay for your medical expenses if you are in a car accident. In many cases people carry good medical insurance policies so this may be redundant coverage. However, if you are worried about the cost after your insurance, or you do not have good medical insurance you might consider getting bodily injury coverage. It doesn't add too much to your monthly premiums, but it could save you a good deal of money if you are in a car crash. To lean more, click here for additional reading.Share