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AUTO INSURANCE
It is important to shop auto insurance for the best quote. If you able to wrap or combine two or more types of insurances – you will save money. Here is the coverage in basic auto insurance:
Bodily Injury Liability – this is required in most states and covers you if you are sued due to an accident.
Personal injury Protection – this covers the driver and the passenger of the policyholder’s car. This can cover medical expenses, lost wages and funeral coverage.
Property damage liability – This pays for any damage that is caused to others property included other vehicles, lamp posts, street signs, buildings, etc.
Collision – This is usually sold with a deductible ranging from $250 - $1000. The higher the deductible the lower the premium. This pays for damage done to your vehicle resulting from a collision.
Comprehensive – This coverage pays for damage done to your vehicle other than collision with another vehicle such as theft, fallen objects, collision with an animal.
Uninsured and underinsured motorist coverage – This will cover you if you are hit by an underinsured or uninsured driver.
Find out about insurance requirements in your state. Requirements differ from state to state. Look up your state's insurance requirements on the Consumer Action Web site http://consumeraction.gov/insurance.shtml or the National Association of Insurance Commissioners Web site www.naic.org.
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