You may already be aware of how auto insurance works, but do you know the different types of auto insurance offered? If you are going to buy auto coverage, it is essential that you are aware of the different types of insurance and the coverage they offer to acquire the policy that best suits your needs. Below we include some of the basic types of auto insurance, explain their operation and define their coverage.
Liability coverage is a legal requirement to drive a car in almost every US state. UU The liability insurance can help cover damages for injuries and damages to the property of third parties against whom you have a civil responsibility, after an accident that is covered by the coverage.
Collision insurance can cover the damage to your car after an accident in which another vehicle has been involved and can contribute to the repair or replacement of the vehicle protected by the coverage.
Comprehensive insurance can provide an extra level of coverage in the event of an accident involving another vehicle. You can contribute to pay any damage suffered by your car for incidents that are not a collision, such as vandalism, certain weather events and accidents with animals.
Insurance against uninsured driver can protect you and your car from problems with uninsured drivers or accidents in which the driver is on the run. This coverage is usually combined with insurance against an underinsured driver.
Insurance against a driver with insufficient insurance
Many drivers decide to pay the minimum amount for liability coverage to save money, but this could lead to insufficient coverage. Insured driver insurance can protect you in the event of an accident with a driver whose insurance is not adequate to cover the costs.
Coverage of medical payments
The medical costs that are generated after an accident can be very high. Medical payment coverage can help you pay for costs related to an accident that has coverage, regardless of who was responsible for the accident.
Personal injury protection coverage Personal injury protection
Insurance can cover certain medical care expenses and the loss of profits caused by an accident, provided it is covered. Depending on the limits of a policy, personal injury protection could cover up to 80% of medical care expenses and other expenses generated by an accident included in the coverage.
The value of a car can be depreciated quickly, so the settlement provided by the auto insurance may not be enough to cover the cost of the auto loan. Deficit insurance can help some drivers cover the amount owed on a car loan after the theft or total loss of the vehicle.
Towing and labor Insurance
The towing and labor insurance, which you can purchase if you already have comprehensive auto insurance , can reimburse you for the towing and labor costs generated by the repair of your vehicle.
Rental reimbursement insurance
Finding a means of transport after an accident can be somewhat costly. Rental reimbursement insurance helps you pay for a rental car if your vehicle can not be driven after an accident.
Classic car insurance
Classic car insurance offers specialized coverage, designed to suit the particular needs of classic and vintage car collectors. Find out if the classic auto insurance is right for you .
If you still do not have auto insurance, it is essential that you acquire coverage as soon as possible. Get a free quote for the different types of auto insurance mentioned above, so that you are protected against the unexpected.