Car insurance works as a protection for your financial investment on your vehicle in case of accidents, theft, or other incidents beyond your control. Your car insurance company can pay for vehicle repairs, medical expenses, and damages or injuries you cause to another driver. Sadly car insurance doesn’t cover regular maintenance or your basic wear and tear parts.
Can kind of Auto coverages cover what on your vehicle and how do you get a monthly price for your payment? Several factors come into play when your searching for coverage such as insurance history, tickets and your age. Women sometimes pay less for auto insurance than men, because they statistically tend to be involved in fewer and less serious incidents then men. This causes Age to be a significant impact on rates, even more so with teen drivers who generally pay the highest premiums for insurance.
When financing a New or PreOwned vehicle through a bank, banks will require a full coverage policy on your vehicle. What does full coverage pay for?
- Damage you cause to others, up to the limits of your policy.
- Damage to your car, up to the fair market value, the deductible determined in your policy if you are at fault, or if the other driver involved in the accident does not have insurance.
- Damage due to a natural disaster or theft.
- Injuries to you and your passengers if an uninsured driver hits you.
Are you looking for the right coverage but not sure where to start visit us at Payne Insurance Group, we work with over 12 insurance agencies to help you find the right coverage.
