Auto Insurance

The next time you're on the freeway, think about this: Approximately one of every seven U.S. drivers on the road has no automobile insurance. That's the most recent estimate from the Insurance Research Council, which noted that the five states with the highest percentage of uninsured drivers were Florida, Mississippi, New Mexico, Oklahoma and Tennessee. With that many people driving without coverage, it's more important than ever for you to be insured. But how much car insurance do you need to have?

If you're like many people, you might be in an economic pinch these days. Your inclination might be to get the minimum insurance coverage required by law in your state. The trouble with minimum coverage is that it might not fully protect you — or your assets — if you're at fault in an accident. It's a better idea to carry more than the minimum coverage unless you are driving an older car with little value and have no assets to protect.

Every state in the nation except for New Hampshire requires you to have liability insurance. That mandatory coverage varies according to state.

For more information, see below and contact us.

Liability Coverages

  • Bodily Injury: Bodily injury liability provides coverage in case you cause an accident in which another person (or people) is hurt. It covers the damages that you're legally responsible for, and provides a legal defense if someone sues you for damages.
  • Property Damage: Property Damage covers you if your car damages someone else's property. Usually this means damage to someone else's car, but it could be any property. If you were to accidentally hit someone's fence, or run into a light post, this coverage would pay to replace it or repair the damage for which you are legally responsible.
  • Medical Expense Coverage: If you were ever in an accident in which you got hurt and had to be taken to the hospital, Medical Payments coverage would be the part of your policy that would pay for the cost of the ambulance ride and certain other medical expenses regardless of who was at fault for the accident. Medical Payments also covers passengers in your car. Family members living with you at the time of the accident also have coverage as pedestrians or when riding in other cars.
  • Underinsured Motorist Coverage: Underinsured motorist coverage extends coverage to include property and bodily damage caused by a motorist with insufficient insurance. Underinsured motorist coverage is designed to provide the injured party with compensation above what is alloted by the at-fault party's policy. 
  • Uninsured Motorist Coverage: To protect law-abiding drivers, many states are now requiring uninsured motorist coverage in their car insurance policies to help with costs associated with injuries after being involved in a car accident with an uninsured driver. 
  • First Party Benefits:  FPB-Medical is similar to medical payments coverage and Personal Injury Protection, or PIP. Depending on the state where you reside, the benefits and coverage may vary. However, the basic services include the following:
    • Work Loss
    • Extraordinary Medical
    • Accidental Death
    • Funeral Expense

For more information, contact us.

Physical Damage Coverages

  • Comprehensive: Comprehensive coverage covers losses resulting from incidents other than collision. For example, you are covered if your auto is stolen or damaged by flood, fire or vandalism. Ever had a tree limb fall on your car during a storm? Or had someone break into your car? Hit a deer? That's what this coverage is for.
  • Collision: Collision coverage covers damage to your car in a variety of situations. If you hit another car - the damage to your car would be covered by this part of your policy. For example, if you hydroplane on a wet road and hit a tree, damaging your front bumper, Collision coverage would take care of the repair costs - less your deductible.

For more information, contact us.

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