Once you've own a car, you're most probably familiar with car
insurance. You may have heard the many benefits of the same and a little
on how to manage it. But how much of the whole "car insurance" thing
you really understand?
Car Insurance Overview
In the US, about 47 states requires you to have at least one car insurance. There are a lot of auto accidents happening in the US and it's good that the law requires you to have at least one.
Vehicle Insurance according to Wikipedia, is an insurance purchased for cars or other types of vehicles such as motorcycle and trucks primarily used to protect the vehicle owner against physical damages or body injury. In the US, the regulations for vehicle insurance may differ with each state.
So how does it really work?
After purchasing a vehicle insurance, your agent must share to you the basics on how this stuff works and what are the basic type of insurances or coverage you may get.
1. Liability - Once you've purchased a vehicle insurance, your coverage has to pay for any bodily injuries you may get. Damages such as medical expenses, pain and lost wages shall also be included.
2. Collision - Your vehicle insurance coverage pays for the damages your vehicle has made on other vehicles and objects as well.
3. Rental Reimbursements - This type of coverage shall pay for the rental car if in case you have damaged the same due to the auto accident.
4. PIP or Personal Injury Protection - To some states this is something that's mandatory. This coverage pays for the medical expenses for any insured driver regardless of the fault as well as the treatments due to the accidents.
5. Comprehensive - Many people are familiar with this, this kind of coverage pays for the loss or damages for the insured vehicle.
Understanding your Auto Insurance Needs
Doesn't mean your state requires you of something, doesn't mean you will do that as soon as possible. You need to understand the requirements and needs of your auto insurance before you totally purchase one. And here's how!
1. Understand your state laws - Remember that you are a member of a state and each of them requires different laws and stuff. Know what your state has to say about car insurance and the likes.
2. Get more options - You have the power to choose your insurance, get what is right for your lifestyle, your environment and your budget.
3. Budget - Of course, your vehicle insurance requires money too. You have to know which one suits your budget the best and is it really worth the price.
4. Learn more about your vehicles - Each vehicle has different types of suitable insurance. Learn more about it so you don't have to waste your money and time.
5. Understand your insurance - Many people thinks that getting an insurance is just a matter of select and then use, without knowing how it really works or will it really help them. One final advice, learn and understand your vehicle insurance before and after getting it.
Car Insurance Overview
In the US, about 47 states requires you to have at least one car insurance. There are a lot of auto accidents happening in the US and it's good that the law requires you to have at least one.
Vehicle Insurance according to Wikipedia, is an insurance purchased for cars or other types of vehicles such as motorcycle and trucks primarily used to protect the vehicle owner against physical damages or body injury. In the US, the regulations for vehicle insurance may differ with each state.
So how does it really work?
After purchasing a vehicle insurance, your agent must share to you the basics on how this stuff works and what are the basic type of insurances or coverage you may get.
1. Liability - Once you've purchased a vehicle insurance, your coverage has to pay for any bodily injuries you may get. Damages such as medical expenses, pain and lost wages shall also be included.
2. Collision - Your vehicle insurance coverage pays for the damages your vehicle has made on other vehicles and objects as well.
3. Rental Reimbursements - This type of coverage shall pay for the rental car if in case you have damaged the same due to the auto accident.
4. PIP or Personal Injury Protection - To some states this is something that's mandatory. This coverage pays for the medical expenses for any insured driver regardless of the fault as well as the treatments due to the accidents.
5. Comprehensive - Many people are familiar with this, this kind of coverage pays for the loss or damages for the insured vehicle.
Understanding your Auto Insurance Needs
Doesn't mean your state requires you of something, doesn't mean you will do that as soon as possible. You need to understand the requirements and needs of your auto insurance before you totally purchase one. And here's how!
1. Understand your state laws - Remember that you are a member of a state and each of them requires different laws and stuff. Know what your state has to say about car insurance and the likes.
2. Get more options - You have the power to choose your insurance, get what is right for your lifestyle, your environment and your budget.
3. Budget - Of course, your vehicle insurance requires money too. You have to know which one suits your budget the best and is it really worth the price.
4. Learn more about your vehicles - Each vehicle has different types of suitable insurance. Learn more about it so you don't have to waste your money and time.
5. Understand your insurance - Many people thinks that getting an insurance is just a matter of select and then use, without knowing how it really works or will it really help them. One final advice, learn and understand your vehicle insurance before and after getting it.
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