It’s hard to shop for something when you DON’T KNOW what it
means! It’s like going to an Italian
restaurant, taking a look at the menu and having no idea what you are about to
order. I put together a list of the most
common auto insurance terms that will you help you out.
Comprehensive Coverage- This is not the same as COMPLETE
coverage. It only means that your auto
is covered in situations such as damage, theft or vandalism. NOT Collisions and of course a deductible
amount will apply.
Bodily Injury liability- The part of your auto insurance
policy that pays for injuries that you may cause another driver or pedestrian
i.e. medical expenses and loss of wages
Deductible amount- The amount you pay before the insurance
agency pays the rest. Average deductible rates range from $100-$1,000 however the higher your deductible, the lower your
insurance premium is.
Liability insurance- Covers the injuries you may cause to
other vehicles or drivers when you are at fault for the accident. Most states require liability coverage.
Property Damage- Pays for damages you may cause to another
car or property.
Uninsured motorist- Covers injuries to you caused by a
driver without insurance i.e. your medical expenses. Some states will include damages to your car
as well.
Collision coverage- Pays for repairs to your vehicle after a
collision with another vehicle or object.
Deductible amounts will apply.
Now study up and check out a free auto insurance quote!
