The right auto insurance policy can help get you back on the road quickly if your car is damaged or destroyed by an accident, fire, theft, or other covered event. Your policy may also provide protection against medical and legal expenses resulting from injury, loss of life, or property damage caused by an accident involving your vehicle.
How much auto insurance is right for you?
Based in Inland Empire, and Orange County California our team understands the auto insurance needs of our customers. Going the cheapest route isn’t always best for our client’s overall financial standing. We are a preferred Agency, and we make sure our client’s coverage is nothing short of those expectations.
Auto insurance requirements vary by state. In some states, to drive you must carry:
- Liability coverage – to pay for losses you cause others, or:
- No-fault coverage – to pay you and your passengers for medical and related expenses caused by injuries from a car accident, regardless of who is at fault, or
- Both liability and no-fault coverage.
We write Auto Insurance in multiple states within the United States just to name a few: California, Nevada, Arizona and more. We would be happy to help you ensure you have the right coverage for where you live.
Collision Insurance
Collision insurance coverage pays for damage caused to your vehicle in an automobile accident. Standard collision coverage will pay for any repairs up to the fair market value of your car. Collision coverage usually also comes with an insurance deductible. It’s the amount of money you pay toward repairs before your collision insurance kicks in. The higher the deductible you’re willing to pay, the less the collision coverage will cost.
Comprehensive Insurance (Other than Collision)
Comprehensive insurance covers damage done to your car in some way other than a collision, such as if it were stolen or vandalized. Flood, hurricane, theft, windshield damage and fire are also events usually covered by comprehensive car insurance. Like collision, comprehensive will pay up to the fair market value of your car (less your insurance deductible). Although it’s not legally required by any state, you will probably need it if your car is financed.
Liability Insurance
Auto liability insurance is a type of car insurance coverage that’s required by law in most states. If you cause an accident, liability coverage helps pay for the other person’s expenses. There are two types of auto liability coverage that drivers in each state must have: bodily injury liability coverage and property damage liability coverage. Each state sets minimum coverage limits for bodily injury liability and property damage liability that drivers must purchase, but you may decide to buy additional coverage. You may see three liability coverage limits on your car insurance policy:
- Property damage liability limit.
This is the maximum amount your insurer would pay to repair damage you cause to another party’s property. The maximum payout would not exceed the limit you’ve set. - Bodily injury liability limit per person.
This establishes a maximum payout for each individual who is injured in an accident that you cause. - Bodily injury liability limit per accident.
This sets a cap on the total amount that your insurance provider will pay out for all medical expenses other people incur from a single accident you cause. It’s important to set this limit at an amount that makes you comfortable, as it may be needed to help pay for the medical expenses incurred by multiple people.
Uninsured/Underinsured Motorist Coverage
If you decide to purchase UM coverage, you’ll need to select the limits that are right for you. In many states, the minimum car insurance coverage amounts are set for you; however, you can always choose higher limits (and it may be wise to do so).
Bodily Injury
When you consider your desired coverage amounts for uninsured and underinsured motorist bodily injury coverage, make sure you understand how these limits work.
Split Limits
In most cases, your UM coverage will come in a split limit, meaning your insurance coverage will differ if there is one person injured versus if there are multiple people injured. For example, a split limit might be:
- $15,000 for bodily injury or death, per person.
- $30,000 for total bodily injury or death, per accident.
Combined Single Limits
You may instead be able to purchase a combined single limit policy, which is one amount that your insurance company will pay out for all bodily injury in an accident (e.g., $30,000 for all injuries).
Medical Payments Coverage
Often, when people consider the necessary car insurance coverage to buy, they worry most about the financial implications of damage to their vehicle. However, when you take a look at the bigger picture, it is easy to see that your health is far more important than your car.
To ensure you are covered for your medical expenses after an unfortunate accident, you can purchase medical payments coverage.
What does Medical Payments Cover?
Medical payments coverage generally pays for medical costs after you are hurt in a car accident, regardless of who is found at fault for the accident.
Additionally, medical payments insurance may help pay for:
- Funeral expenses.
- Injuries sustained by your passengers.
- Injuries you sustain as a pedestrian or bicyclist after a car hits you.
- Necessary dental care as a result of a car accident.
Benefits and restrictions of medical payments coverage will differ amongst car insurance companies.
SR-22 (often referred to as “SR22 insurance”)
You are most likely to be required to file an SR-22 if:
- You are convicted of a DUI/DWI.
- You are found to be driving while uninsured.
- You are involved in a serious injury-causing accident.
- You have a large number of points on your driving record.
Often, an SR-22 is required for reinstatement of a suspended or revoked license. Your state’s Department of Motor Vehicles will inform you if you need to file an SR-22.
Cormarc Insurance Services have the resources to find you affordable low-cost Insurance for SR-22 filings.
Every person is unique
Contact us today at 800-743-2763 to find out how to get the best price and value on auto insurance for you. Our Agents can discuss your best options based on your individual needs; which is the best-case scenario compared to other companies who advertise, “Cheap Insurance Rates” with no regard to your individual needs.
