Auto Insurance

Auto Insurance- Don’t drive without it?

As far as the law is concerned, owning and operating an automobile is not a right, but a privilege. Once behind the wheel, the driver takes responsibility for his or her actions while on the road. Auto insurance is also a matter of the law as it is mandated in some form by all 50 states. Even if you are one of the very few who do not go through a serious accident, having this coverage gives one priceless peace of mind.

Should your car sustain damage or be totaled, (and this includes personal property that might be damaged too) auto insurance pays the necessary costs. Often this insurance can provide coverage for medical costs of those injured in an accident in which the driver is at fault. Though this type of insurance varies in coverage types, eligibility and premium pricing, most will agree that the benefits of having car insurance will always far outweigh any drawbacks. And it’s the law. If you are not covered and get into an accident you can fined and lose your license, be sued, you name it. Usually in these instances a court would order you to pay all repair and any medical bills out-of-pocket.

Liability is the kind of insurance that generally is required by law in all states. Each state might have different minimum amount requirements, but they all require this type of coverage. Collision coverage is the kind that can be very helpful but not required by law. (However, if you have a loan your lender will most likely require that you have full coverage.) If you are behind the damage to your own car, without this coverage you would have to pay your own repair costs. These repairs can be very costly without collision insurance. If you desire to keep monthly costs down, keep in mind that the higher the deductible you choose, the lower your premiums will likely be.

Should you be involved in an accident and need to use your own insurance, you first should contact your provider and give all the details regarding the accident. Next your insurance representative should contact law enforcement and attempt to get an accident report, assuming that they were at the scene. The insurance company will then adjust the amount of the payout as per the determination on the accident report, the amount of repairs and, if applicable, the reports and charges from a doctor or hospital.

Being protected is wonderful, but also being free from hassle makes car insurance a bargain.