There are many costs outside of your loan that are associated with owning a vehicle. Maintenance, gas and auto insurance are some of the more common examples. If you’re not familiar with types of coverage, or if you’re unsure of how to shop for an automobile insurance policy, we invite you to review some basics below.
Why Do You Need Auto Insurance?
The most important reason to have your vehicle insured is that it’s the law. Every state requires at least some level of coverage for all drivers and vehicles. In addition to this, there are many benefits to having a policy developed for your needs.
- You’re covered financially if your car is damaged or totaled.
- Your car is protected from acts of nature.
- You may be able to get car rental coverage if your car is damaged.
- You may have additional medical coverage if you are injured in an accident.
- You’re protected from lawsuits if you damage someone else’s property.
- You have an insurance agent to represent you following an accident.
- You gain peace of mind.
What Are the Types of Car Insurance Coverage?
Although auto insurance may sound pretty basic, you will actually find yourself faced with many choices when it comes time to choose a policy. The coverage you add to your policy will depend on your budget and the requirements of your state and, possibly, your lender. The most common type of coverage is liability, which is generally required in most states and covers injuries and damage to other people’s property while driving your car. Comprehensive auto insurance adds extra protection by covering damage to your car from natural disasters and other non-collision damages. Other types of coverage include the following:
- Collision coverage
- Underinsured and uninsured motorist coverage
- Medical payments coverage
- Rental reimbursement coverage
- GAP insurance
What Are Some Ways to Save on Auto Insurance?
One of the easiest ways to save on your auto insurance is to bundle multiple policies under the same insurance brand. For example, you may wish to bundle home insurance and auto policies. You could also insure the following vehicles under one insurance brand.
Some insurers may also offer good driving, accident-free or low mileage discounts.
Compare Auto Insurance Quotes Today
With Truliant Insurance Services, you can receive customized home and auto insurance quotes in minutes and can choose from a variety of full-coverage auto insurance policies to find the best one for your budget and needs. Whether you’re looking for insurance on a car you just purchased, or simply want to tweak your existing policy, start with a competitive quote from Truliant Insurance Services by calling 1-844-267-1698.