Owning a vehicle is not only a huge investment, it is a risk, too. One way to protect your assets and investment is through auto insurance. Some coverage varies by company, but the basics will remain the same. It is best to consult a local insurance expert and ensure you have the coverage that protects you and those you love when it matters most.
Minimum coverage is determined on a state by state basis. While this coverage is typically the cheaper option, it is not always the best option. Choose the highest limits you can afford. Major accidents or those resulting in injury often exceed state minimum requirements allowing the potential for devastating financial loss. Consult with an Insourceo agent now to ensure you’re protected.
Other common insurance options are available for your vehicle such as comprehensive and collision coverage, or physical damage coverage.
Collision Coverage- With collision coverage, your policy will pay for repairs to your vehicle that become necessary after exceeding your deductible as a result of an accident. It will also cover damage sustained to your vehicle if you crash into an object, such as an electric pole or tree. Did you know that colliding with an animal such as a deer is NOT covered under collision?
Comprehensive Coverage- Comprehensive coverage will cover the necessary repairs if your vehicle suffers damage from things other than collision such as fire, theft, vandalism, or natural disasters, like a tornado or hail. This will provide coverage if you were to hit an animal as well.
To determine the best auto insurance policy for you, your needs and your budget, contact one of our trusted insurance advisors at Insourceo today.