#types of auto insurance
Auto Insurance Types
Everyone goes through this some time if he or she has a vehicle on the road. Trying to decide which type of car insurance coverage to buy can be a hassle if you have not take some time to consider the task thoughtfully. Some solid research and some friendly advice from an insurance agent can go a long way towards clarifying your situation and help you make the right decision about car insurance. The Hartford auto insurance is an example of an auto insurance provider who can help you throughout the research process.
What kind of car insurance coverage is available? What are the differences between these types of coverage? There is no shortage of auto insurance companies out there vying for your attention and competing to secure your patronage. Car insurance is a competitive market. You need to know what you are going after well in advance of entering this fray.
Basically, there are three types of auto insurance coverage offered on the market by the majority of car insurance providers. They are liability, collision, and comprehensive. Each one offers a range of coverage. Individual providers may offer additional services to clients who choose one of these basic forms of coverage, but they are note necessary elements to each type of coverage.
Obviously, one of the other distinctions between each form of insurance coverage has to do with price. This may be a decisive factor for many motorists because they really do not want to spend that much money for their car insurance. The downside to this approach is that you may have to sacrifice the quality or degree of your coverage to get the lower price.
It may be helpful to examine each type of coverage more closely to see which one you might prefer. Again, there are different types of protection as well as different degrees.
Liability – If you have liability, you have the bare minimum amount of coverage you can have and still drive legally in most states. The purpose of liability coverage is to protect the driver from legal liability if he or she is responsible for an accident or held responsible even though you did not cause one. With liability, you are covering the damages, medical expenses, lost wages, etc. of the parties who were injured.
Collision – Collision auto insurance provides compensation to the driver if their vehicle was damaged in an accident, regardless of who is at fault. Property damage is also covered with collision insurance as well as any damage to the vehicle that is a result of collision with other objects. Collision insurance also offers repair and replacement provisions. For the latter, this means that you can obtain the funds to buy or put a down payment on another vehicle if the present one is totaled by the auto insurance company.
Comprehensive – Comprehensive coverage provides with the means to replace the vehicle if it damaged by natural disasters, fire, or is stolen.
Taken separately or together, each of these coverage levels provides various and sometimes overlapping areas of coverage for the motorists, the vehicles, and separate property.