When it comes to Auto Insurance, you can buy it from the company, through an agent or the online marketplace. However, it’s a good idea to compare multiple quotes online before you put your money down. We’ve broken down what kinds of insurance there is and how you should buy it. Read on!
Types of Coverage:
A full coverage policy includes the following.
Liability Coverage:
This refers to the costs covered if you hurt somebody or damage somebody’s property with your car.
Personal Injury Protection:
This insurance compensates you if you or the passengers in your car have been hurt in an accident or if you’ve lost wages as a result of an accident with your car.
Underinsured Motorist Coverage:
This insurance compensates you if you’ve been in an accident involving another driver who doesn’t have insurance and your car is damaged. It also protects you financially in case the other driver is underinsured (their insurance isn’t enough to cover the damages to your car.)
Collision Coverage:
This covers vehicular damage whether the accident or collision was your fault, another driver’s fault or a third party’s fault.
Comprehensive Coverage:
This insurance covers damage caused by falling objects, natural disasters, vandalism or theft.
Gap Insurance:
This insurance pays the difference between the cash value of your car and the amount you owe on your loan if your car is totaled.
How to Apply for Insurance
Fill out An Application:
Fill out the application form and provide your personal information along with information about your vehicle. The application requires an address and the declaration page from any prior car insurance policy you have owned.
As you fill out the form, you’ll find out whether you’re eligible for discounts like a student discount. You will also need to set limits and choose deductible amounts for collision and comprehensive coverage.
Compare Auto Insurance Quotes:
Shop around for quotes from a few different insurance companies to find a policy in your budget.
Choose a Policy and Begin Paying Premiums:
As soon as you set a date for when your policy comes into effect, you’ll get proof of coverage which includes details on how to access your account. If you’re replacing a current policy, choose a cancellation date for your old policy.
