Next point in auto insurance basics: Remember that each state requires a different amount of coverage when
it comes to insurance, so make sure you check with your state before you
choose the coverage. The next four types of coverage may be optional
to you. They are collision, comprehensive, medical payments or personal
injury protection, and uninsured/underinsured motorist coverage.
Collision coverage basically pays for the repairs of your car if you
are in an accident. This may be the most expensive part of your coverage,
so one tip on keeping this low is to choose a high deductible.
Comprehensive coverage covers damage to your car not caused in an
accident, such as theft, fire, or natural disasters. Auto insurance
companies will usually not pay more than what your car is worth at the time
when it comes to comprehensive or collision coverage.
Here are some auto insurance tips on choosing the coverage best for
your vehicle: find out the cost of your car by using Kelly Blue Book. The
higher the deductible you choose the cheaper your plan will be, and
there is always a possibility of your car being stolen or broken into.
The last two types of coverage listed in our auto insurance basics are medical payments and
uninsured/underinsured coverage. Most states require both types of coverage. Medical
payments coverage, also known as personal injury protection or PIP
covers you and your passengers' injuries if you get into an accident.
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Uninsured/underinsured coverage is as stated. If you are hit by someone
who does not have insurance you will be covered. Tips on this type of
coverage are to get the minimal amount just in case you cannot find the
driver; this guarantees that you will have some coverage.
Auto insurance can be very difficult to shop for, although it is
required by most states. Make sure you do your research, follow these auto
insurance basics, know the terms, and get as many questions as possible
when choosing the plan that is best for you. - Compare car insurance quotes. You could be saving money.
Learn more about auto insurance basics