An Intro To Auto Insurance

Although premiums, policies and prices vary widely, the mandate does not. Automobile insurance is an unavoidable expense of driving. Ideally, you will never have use for your auto insurance. In the event that you do; however, you will considerably improve your satisfaction with the claims process by doing thorough research before policy inception.

Begin with an understanding of auto insurance terms:

? Bodily injury (also called liability)

This coverage offsets costs related to the bodily harm and property damage of the other driver(s) when you are at fault in an accident. Insurance companies impose limits on the amounts that they will pay to the victim(s), and for each accident. Your premium amount is determined, in part, by the limits you select. Higher potential payouts by your insurance carrier translate to higher insurance premiums for you, the consumer.

? Collision

In the event that you have an accident, your medical expenses and property damage will be covered if you select collision protection as a part of your plan (again, there are limits).

? Comprehensive

This category covers costs related to damage, theft, vandalism, etc. For example: if someone breaks your car window, you would access your collision coverage to repair the damages. Again, higher payouts mean higher premiums. If cost is a concern, increase your deductible to decrease your premium. The deductible is the amount, usually between $250.00 and $1,000.00; you pay toward accident/theft related expenses before the insurance company contributes.

? Uninsured/Underinsured Motorist

Although automobile insurance is legally required, some drivers do not comply. If you have an accident with such a driver this coverage will provide some compensation for medical expenses.

Auto insurance can be quite costly, but it is far more expensive to forgo. Many states arrest and/or fine drivers found to be uninsured. Additionally, accidents, theft and damage can create financial chaos for uninsured/underinsured motorists.

When choosing an insurance carrier, make sure that you have chosen a reputable firm that is accessible, responsive and financially solvent. The coverage is of no use to you if you can reach no one to file a claim, or if there is no money to pay it. Check with agencies such as Standard & Poor's and the National Association of Insurance Commissioners to get the information you might not get from a slick brochure or salesperson hoping to close a deal.

Nicole Soltau
President and Founder
http://CreditUnionRate.com/
The Leading Online Credit Union Directory

---

Millions of Americans have No Life Insurance

Only 61% of adult Americans have life insurance (down from... Read More

Long Term Care Insurance - Low Cost Alternatives For Budget Conscious Seniors!

With Nursing home Cost's running $4,000 to $6,000 a month... Read More

What Type of Doctor Should I See Under My HSA?

You can withdraw money from your Health Savings Account (HSA)... Read More

Filing An Insurance Claim

Everything seemed pretty simple when you purchased that insurance policy.... Read More

What Do You Mean My Auto Insurance Policy Doesnt Cover This!!

Auto insurance is an agreement between you and your insurance... Read More

How Can I Compare Life Insurance Quotes?

The online life insurance companies offer a free service where... Read More

Everything You Need to Know About Life Insurance

Life insurance is a type of protection that can be... Read More

CarInsurance.com Is Available At All Dealerships With Internet Access!

You are ready to buy your first car. Researching the... Read More

Can I Really Get Life Insurance, No Exam Required?

Changing the way that life insurance is bought and sold... Read More

Life Insurance Careers

Do you like to spend all day being sitting around?... Read More

Health Insurance Online - Save Today

It is now possible to thoroughly research and buy health... Read More

5 Strategies To Reduce Your Car Insurance Premiums

Your latest car insurance bill has arrived and it is... Read More

Inside-Information Regarding Your Motor Vehicle Accident Insurance Claim

Here's some "Inside-Info" you must know so you won't be... Read More

Finding Health Insurance for Self-Employed Individuals: A Guide For the Freelance Newbie

With a rise in those looking to venture out on... Read More

Why Dont Women Have Life Insurance?

Traditionally, life insurance companies solicited men as the main breadwinners... Read More

Medical Insurance - Health Insurance Coverage & Plans Explained

If you're trying to decide between health insurance plans, you'll... Read More

Health and Dental Insurance Quotes - Applying Online

Since 2001, large health and dental insurance companies such as... Read More

Indemnity Insurance For Landlords

As a property owner it is essential to protect yourself... Read More

Ever Wondered What An Auto Insurance Claim Adjuster Does?

An auto insurance claim adjuster works for the insurance company... Read More

Choosing the Best Life Insurance Option for You

Life insurance in the UK is becoming more and more... Read More

An Intro To Auto Insurance

Although premiums, policies and prices vary widely, the mandate does... Read More

The Life Insurance Policy and Its Best Kept Secret

Do you love someone deeply enough to spend your hard... Read More

Is an HSA a Type of Insurance?

A Health Savings Account (HSA) is not a type of... Read More

Tips for First Time Insurance Buyers

The are many scary things in this world. Buying insurance... Read More

High Risk Auto Insurance - How to Lower Rates

How is your driving record lately? Do you have a... Read More

How To Save Money On Your Homeowners Insurance?

In order to save money on your homeowners insurance you... Read More

All Auto Insurance is Not Created Equal!

Contrary to what you may have heard all auto insurance... Read More

The Life Insurance Policy and What You Need to Know Before You Buy

Are you looking to buy a life insurance policy? Well,... Read More

Tips For Lowering Your Auto Insurance Quote

Do you have many claims? If so, you should do... Read More

Insurance For All Your Gadgets

Personalisation, Digitalisation, Mobilisation, these 3 words represent your life today.... Read More

New Concepts in Car Insurance - Pay as You Drive

You can pay as you talk with a cell phone... Read More

About Accidental Death Dismemberment Insurance Quote

We don't hear much about getting an accidental death dismemberment... Read More

What Price For Your Health?

How do you put a value good health? For many... Read More