Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company agrees to pay your losses as defined in your policy.
Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and expenses.
An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverage. If you’re financing a car, your lender may also have requirements.
Most auto policies are for six months or a year. Your insurance company should notify you by mail when it’s time to renew the policy and pay your premium.
It’s really all about protecting yourself financially.
Your Independent Agent is an advocate for finding auto insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:
How much can you afford to pay if you get in an accident. (To keep premiums low you much want to have a higher deductible and be willing to pay more repairs.)
What is the insurance company’s level of service and ability to pay claims?
What discounts are available?(Ask about good driver, multiple policy are student discounts.)
What’s the procedure for filling and setting a claim?(Ask who to call and what happens after you file a claim.)