fbpx

CAR INSURANCE

Buying Car Insurance isn’t just a good idea, it’s required by every State if you want to drive your car. Unless you’re planning on riding a bike to work, you might want to consider getting some car insurance.

Car Insurance Basics

Most State laws require certain minimum coverages for all drivers. Car Insurance covers the cost of damages not only to other peoples property but also to their person. Because injuries are often an unfortunate part of car accidents, the State wants to insure responsible parties are able to cover the cost of these injuries. Car Insurance covers a lot of potential liability. We will cover the types of liability Insurance companies agree to insure you agains in the event of an accident.

LIABILITY COVERAGE

Liability coverage is mandatory in almost all states. Drivers are legally required to purchase at least the state minimum amount of liability coverage. Liability coverage has two elements:

 

  • Bodily injury liability will pay for damages related to another person’s injuries when you cause an accident.
  • Property damage liability will help pay for damages you cause to another person’s property while driving.

UNINSURED AND UNDERINSURED MOTORIST COVERAGE

You should never skimp on the amount of uninsured motorist coverage. This type of coverage covers any damages to your vehicle or person if a driver who is at fault doesn’t have Insurance or doesn’t have enough coverage to pay all your damages. This type of coverage is required in some states and not in others. In either case, you will want to purchase this type of Insurance as it can pay your vehicle off in the event the at fault party isn’t insured.

COMPREHENSIVE COVERAGE (Full Coverage)

Comprehensive Insurance will cover damage to your car from things like theft, fire, hail or vandalism. If your car is damaged by a covered accident, comprehensive coverage will help pay to repair or replace your vehicle (up to the vehicle’s actual cash value). This type of coverage often has a deductable, which is the amount you’ll pay out of your own pocket before your insurer reimburses you for a claim.

This type of Insurance is often not required by State law, but if your car is financed your finance company will often require that you carry comprehensive coverage.

COLLISION COVERAGE

When you’re involved in an accident with another vehicle, or if you hit an object such as a tree or your teenage daughters boyfriend, collision coverage may help pay, repair or replace your car regardless of fault.

Most finance companies require collision coverage as a requirement of providing a loan. 

MEDICAL PAYMENTS COVERAGE

When you’re in a serious car accident where you or your passengers are injured, medical payments coverage can help pay your medical bills. Covered costs may include the emergency room bill, hospital visits, surgery, X-rays and more.

Medical payments coverage is required in some states and optional in others.

PERSONAL INJURY PROTECTION

Personal injury protection, or PIP, is only available in some states. Like medical payments coverage, PIP may help pay your medical expenses in the event of an accident. Additionaly, PIP may also cover additional expenses incurred because of your injuries such as child care expenses or lost income.

Personal injury protection is required in some states and optional in other states where it’s available.

Get a Free Premium Sherpa

Picking the right type of Insurance coverage is essential to a well balanced retirement plan and risk mitigation. Hire a free Premium Sherpa to help you navigate all your options. Here’s how our platform benefits you

Bindable Quotes

You can shop dozens of carriers with a single application on PremiumSherpa. All Quotes are bindable and represent your actual cost

Dedicated Support

We’ll assign a dedicated premium sherpa who is licensed in your state and has a wealth of experience and highly rated customer reviews

Customized Quotes

Get quotes based on your actual circumstances. Customize the amount of coverage, term and type of policy you need

Online Policy Management

Manage all your Insurance policies from your Premium Sherpa account. File Claims and upgrade your policies anytime

No Cost Services

Premium Sherpa doesn’t charge a penny to use. We provide a lot of services, information and support to Insurance Customers at no cost to you