Currently, every state in the US, with the exception of New Hampshire and Virginia, requires drivers to have auto insurance. Whether required by law or not, car insurance is an important investment for every car owner.
The average driver will get into three to four car accidents over the course of their lifetime. If you find yourself in a car accident and you are not properly insured, you’re liable to pay tens of thousands of dollars in damages or face serious legal consequences.
Unfortunately, finding the right car insurance for you isn’t always an easy task. To help you become a smart insured driver, we’ll go over the most common types of auto insurance and some considerations to make when choosing an insurance policy.
Most Common Types of Car Insurance
Uninsured and Underinsured Motorist Coverage
If you find yourself involved in a hit-and-run or are struck by a driver who doesn’t have car insurance (or doesn’t have enough coverage), uninsured or underinsured motorist coverage will cover the cost of your vehicle repairs. Often sold together, uninsured and underinsured auto insurance policies are mandatory in many states.
Liability Coverage
This is the most common type of auto insurance and is required by most states. Liability coverage helps to cover the costs of bodily injury and property damage if you are found responsible for an accident.
Collision Coverage
As the name suggests, collision coverage helps you cover the costs associated with a vehicle collision. If the repairs add up to more than the worth of your vehicle, your insurance company might write you a check for the cost of your vehicle rather than pay for repairs. This is a smart investment for drivers with new vehicles.
Medical Payments and Personal Injury Protection Insurance Coverage
These policies cover medical bills, medical treatments, and injury-related losses in the event that you or your passengers are injured in a car accident, regardless of who is at fault.
Comprehensive Coverage
Comprehensive insurance covers any non-collision related vehicle damages. These damages can include but are not limited to, fire damage, theft, damage from an act of vandalism, flood damage, falling objects, explosion, windshield damage, and accidents with live animals.
Smart Insurance Considerations for the Smart Driver
As you’re aware, an insured driver is a smart driver. But not everyone has the same car insurance needs. When weighing insurance options and deductibles, first consider what you can afford—and what you can’t afford to leave unprotected.
Liability insurance will always act as your baseline, but comprehensive coverage should be a consideration for every driver. You don’t want to end up paying out-of-pocket for a tree branch smashing through your windshield or a two-by-four flying off a semi-truck and crashing into your fender. What’s more, having a stolen vehicle recovery system installed in your vehicle can save you money on your comprehensive coverage plan.
Elo + Insurance Brings the Options to You
When you visit a car dealership using Elo+ Insurance services, you can quickly generate an insurance quote and shop options to make sure you’re ready to hit the road in your new vehicle. A remote licensed Sales Agent will call you within minutes of completing a Quick App to answer any questions or help you complete the transaction. No more waiting around for insurance information.
For more information about the Elo+ difference and how to become a smart insured driver, contact one of our specialists today.