find the right policy is to make sure the meat state minimum insurance requirements if you don't know your state requirements the Insurance Commissioner's website your state a call their office they're happy to help you get started but what about all the types of coverage in services that are offered what do you need to really be protected on the route and eighty way to think about auto coverage is in terms of to whom the benefits will be paid personal coverage pays he left the vehicle's owner liability coverage pays others for damages your legally responsible for as the result of an accident first will focus on coverage is that benefit you with the policyholder there are two types of physical damage coverage available with car insurance policies collision coverage and comprehensive coverage collision and comprehensive coverage are some other they both cover the loss related your vehicle however collision insurance specifically covers damage caused by accidents with other vehicles and stationary objects like trees are roadsides even potholes it is important to remember that collision coverage only handles repair and replacement cost up to your vehicle's actual cash value your vehicles actual cash value is not how much you paid for it are still alone instead the actual cash value as the vehicle's current value considering factors like its age mileage and condition with this coverage you'll be asked to select adaptable the deductible is the amount you'll be responsible for paying for each covered loss but more about the tactical them out the second type of damage coverage for your vehicle is comprehensive this covers damages your vehicle anchors from now on accident events like whether when Taylor ice as well as theft and vandalism to other types a personal covered you should consider our rental reimbursement and gap insurance rental reimbursement pays for a rental vehicle if your car is not drivable as a result a covered were insured loss is optional and not required as part of your insurance policy however it can be beneficial if your car must be in a repair shop for several days and if you do not have access to another vehicle if your vehicle financed you may also want to consider gap insurance this is the difference between the actual cash value of a vehicle and the balance still owed to the lien holder or in a car loan or lease program helps prevent you from being upside down your loan are only bank more than the actual cash value in the result of a total of situation however before you purchase this coverage from your insurance agent be sure to check your loaner financing agreement many times gap insurance is the party loan agreement when you purchase the vehicle however double check to make sure you don't already have gap insurance now let's talk about deductible basically a deductible is the amount of money you must pay when making a claim on your policy before your insurance company begins paying additional cost for example suppose your party with a five hundred dollar deductible and you have an accident causes three thousand dollars in damages to your vehicle you are responsible for the first five hundred dollars in repairs the insurance company pays the remaining twenty five hundred dollars prepares him out the deductible you choose makes a difference in the amount of your insurance premium a low deductible means a higher premium high deductible me to lower-paying however it is possible that should you be an accident your deductible might not fit your budget if your budget allows for a high out-of-pocket expense choosing a high deductible might be worthwhile for the lower premium however if a high deductible is not in your budget higher premium may be best for you all this on the road at some point have worried about the dangers of an uninsured or underinsured driver causing an accident that's why uninsured motorist coverage can be a financial life saver uninsured or underinsured motorist coverage provides reimbursement if you're involved in an accident with the driver who doesn't have sufficient or any liability insurance without this type of coverage you could be stuck with a hefty repair Bell and medical bills unit the act that was not your fault the key with this coverage is that paste images that are not covered under the physical damage coverage your policy and its limits with medical payment coverage with an increase in uninsured drivers over the last few years this is a critical coverage to consider adding to any insurance policy property damage insurance covers the cost of repairs for damage done to another person's property in an accident it also covers court costs and legal expenses United States law requires drivers to carry at least five thousand dollars property damage coverage per accident however the minimum in many states have higher remember the minimum amount most likely will not cover all the expenses in a serious accident most car insurance professionals recommend at least fifty thousand dollars in property damage liability insurance many consider one hundred thousand dollars per accident the ideal amount in 2013 the average price for the car was thirty one thousand dollars you can see how quickly damages can add up if multiple vehicles are involved we don't have time to cover all the different types of insurance available however we hope this helps explain for the more common types of insurance you can get your automobile if you have any more questions we're always here to help drive safe
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