Choosing the Best Auto Insurance
Shopping for car insurance can be a daunting task if you’re unsure about the different types of auto insurance available. This uncertainty is similar to the process of finding the right life insurance products or policies for homeowners or renters. Ultimately, the critical question is: Are you adequately protected? Does your policy include bodily injury liability coverage? And how comprehensive is the coverage offered by your auto insurer?
Choosing the right car insurance policy is crucial for safeguarding yourself against financial loss. If your car is damaged or destroyed by an accident, fire, theft, or other events, having the appropriate policy will help you get back on the road swiftly. The proper automobile liability insurance policy can make the difference between a minor inconvenience and a significant ordeal.
Understanding Car Insurance Terms and Coverages
Get the coverage that best suits your needs and budget.
Whether you’re looking to build your own comprehensive auto insurance coverage, want to find cheap car insurance, or simply just need information, this quick overview of insurance types and terms is typically helpful.
Liability
With a property damage liability, it can cover the cost of injury to others and damage to their property when you’re at fault. It is required by law in nearly all states.
Collision
Instead of drivers in Temecula pays to repair or replace your own vehicle when you’re at fault, your auto insurance can cover collisions with other vehicles, objects, and animals.
Comprehensive
With comprehensive coverage in Temecula there are insurances that can cover damage to your car caused by environmental things besides a collision. This could be calamities, hail, or wind. It could also include theft, fire, vandalism, animal damage, and more.
Uninsured / Underinsured Motorist
This type of insurance will cover your losses caused by uninsured or underinsured drivers. It helps pay for damage to your car and bodily injury to you and your passengers.
Medical Payments
With financial services to help with the cost of medical care for you and your passengers resulting from injuries in an accident, insurance like this provides coverage, no matter who’s at fault.
Personal Injury Protection (PIP)
A PIP-type of insurance helps cover the cost of your rehabilitation and lost wages resulting from an accident on the road. It also covers you no matter who’s at fault.
Towing and Roadside Service
If ever your car gets disabled, there’s also insurance that provides 24/7 roadside assistance. This kind of insurance can help pay for towing, tire changing, locksmith service, and jumpstarts.
Rental Car Reimbursement
This insurance covers the cost of renting a car for up to 30 days while yours is being repaired. Arrangements and billing can be handled by your trusted insurance providers in Temecula.
Rideshare
Auto insurance could also help protect drivers for rideshare companies like Uber and Lyft, providing coverage during periods that are not covered by your company or personal insurance.
Loss of Use
Similar to a rental car reimbursement, this one provides a flat sum for transportation while your car is repaired. In this case, the cost that will be reimbursed is from public transit, rentals, taxis, and rideshare services.
Guaranteed Value™
Guaranteed value insurance pays you a defined, agreed-upon value if your car is a total loss. This is a popular option for owners of classic and collector cars.
Customized Equipment
If you have a stylish driving profile, you will want to have insurance that covers the cost to repair or replace aftermarket equipment like infotainment systems and custom wheels. This can be available on any vehicle with collision and comprehensive coverage.
Personal Umbrella
Acting as your personal umbrella that protects your assets from lawsuits and even speeding tickets cost, insurance should also provide additional liability coverage—which can be above the limits of your current auto policy.
Glass Deductible Buyback
Insurance that covers windshield & glass repair and replacement. But with this type, there’s a low $100 deductible: the portion you pay yourself.
Full Windshield and Glass Coverage
This insurance coverage offers a $0 deductible on glass repair and replacement, meaning you pay nothing out of your pocket.
Spare Parts Coverage
If you are an owner of classic or collector cars, you might want to get this one as it covers the cost to replace spare parts you keep on hand, up to $750.
Original Equipment Manufacturer (OEM)
The OEM coverage is available on cars that are up to 10 years old. It covers the cost of using factory-original parts in covered repairs
New Car Replacement Coverage
There is also an insurance that covers the cost to replace your car with a new one of the same make and model. And it is available when your car is totaled within the first two model years and has 24,000 miles.
Accident Forgiveness
This type of insurance may forgive one at-fault accident for every three years you drive without one. Your driving history should keep your premium from going up because of just one accident.
Gap Insurance
Another insurance type you may have heard about is Gap Insurance. It helps you with the costs of your vehicle in the event of a total loss and covers the difference between the amount you owe on your car and its value. This insurance is worth considering when you borrow more than a car is worth.
How is the Cost of Car Insurance Determined
The cost of car insurance can vary depending on a number of factors, including:
- Based on age: Younger drivers typically pay more for car insurance than older drivers.
- Your driving record: Drivers with a clean driving record typically pay less for car insurance than drivers with a history of accidents or traffic violations.
- The type of car you drive: The value of your car and the safety features it has can affect the cost of your car insurance.
- Your location: The cost of car insurance can also vary depending on the city or county you live in.
- Your insurance company: Different insurance companies have different rates. It is important to shop around and compare quotes and rates before you buy a policy.
Get a no-obligation quote today! Just contact our office to discuss your options and needs. Our friendly, licensed agents will be happy to assist you.
R. D. Fink Agency, Inc.Insurance Options Througout All Stages of Life
- To speak with a licensed agent, call (215) 230-9810
(TTY 711 M-F, 9am-5pm)
- Licensed in PA, NJ, and DE
- 1456 Ferry Road, Suite 602
Doylestown, PA 18901
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