There are different kinds of auto insurance that are offered out there. Those who are looking for insurance for the first time may find it hard and confusing. It’s a good idea to learn more about the different kinds of insurance policies, before thinking of applying for car insurance. This article will talk a little about the comprehensive auto insurance.Basically, the comprehensive insurance provides security for your car in case of physical damage. Some say that this policy is the best form of auto insurance. Let’s take a close look and see what ‘physical damage’ really refers to.Let’s say you meet an accident. You bump your car into a wall or a tree. If you have comprehensive auto insurance, then there’s no need to worry because the policy states that you will be paid back in full, depending on your vehicle’s damage.How about colliding with another car? With the comprehensive auto insurance, the owner of the damaged car will be paid in full.One of the worst things that can happen to you is to have you car stolen. However, with the policy states that if your car is stolen, you will be completely reimbursed. Take not that not all insurance policies protect their policy holders from theft.The comprehensive insurance will also protect your car from natural calamities. This means that you car will be protected from damage cause by tornadoes, storms, hurricanes, earthquakes, landslides, and the like.It’s also hard to tell when a moose or bear will go feral and unleash their fury on your car. The damages that some animals cause are real huge. Thankfully, the comprehensive insurance states that in case your vehicle is damaged by animal attacks, you will be reimbursed.Another unfortunate thing that can happen to you vehicle is to have it caught in a fire. If you are still able to rescue your vehicle from the fire, it’s perfectly fine because fires are still covered by the policy. Vandalism is also covered by the policy. If you car is smashed, slashed, spray painted or battered, you will still be reimbursed according to the policy.The comprehensive auto insurance does cover a lot. However, there are also some occurrences that are not covered by the policy. If you meet an accident because you are drunk, then you won’t be reimbursed. Also, if you don’t have a legal license and you meet an accident, you won’t be reimbursed, as well. Tire damage cannot be reimbursed, unless the car is damaged, too. Mechanical breakdown, and tire wear and tear are not covered by the policy, too.You should also know that comprehensive auto insurance is a bit costly as compared to other insurance policies, which is why it’s a good idea to do some research before picking a policy provider. Some providers provide better deals than others. Plus, it’s very easy to check out the different providers on the internet. In fact, you can ask quotes from these providers online. Try checking out a few of these providers and compare and contrast their policies from each other, before choosing.So how do these providers determine how much you are going to pay for the insurance? Like other policies, it will be determined by how old you are, the price of the car, the driver’s record, how far and where will the car be driven.The comprehensive auto insurance is, indeed, one of the best policies that you can get out there. It may be a bit costly, but it has much to offer as compared to other policies.
If you want to have the absolute minimum auto insurance you can, then in most states you will be required to hold liability auto insurance. This type of auto insurance doesn’t really help you at all if you cause an accident, but it’s great for the other driver involved. This type of insurance is generally the cheapest sort you can get.Basically, liability auto insurance doesn’t cover your own vehicle at all if you cause an accident. If your vehicle is damaged or destroyed, you won’t receive any assistance from your insurance company to repair or replace your car. However if you damage someone else’s vehicle, they will still be covered. Their medical expenses will also be covered up to the limit of coverage you have.Holding liability auto insurance is definitely risky. If you wreck your car in an accident, then you’re either going to have do with a vehicle or else you will need to find the money to buy another one. If, however, your car is old and not worth much, that may not bother you too much. Certainly if you could find the money to buy another car, it may be worth just holding liability auto insurance so that your insurance premiums are lower. If you’re leasing or paying for your vehicle through a finance company, you will probably find that liability auto insurance isn’t sufficient. Most of the time they will require you to have a higher level of coverage, such as comprehensive insurance and collision coverage.The good thing about this insurance is that you’re protected no matter what sort of car you run into. So your $2,000 car might not matter too much, but that $200,000 sports car you run into could make a serious dent in your financial situation without liability auto insurance. Even so, it’s important to make sure your medical expenses are covered even if you’re at fault. If you already have personal health insurance you may be covered, so it doesn’t matter if medical expenses aren’t covered under your auto insurance.Remember, too, that if an uninsured driver hits your car, you won’t have any insurance coverage to pay for the repairs. It’s easy to think that because you’ve driven for 10 years with no accidents that your run of good fortune will continue, but the whole point of insurance is to think about the worst-case scenario. If you’ve done that, and liability auto insurance is still the best choice, then shop around online for the best price.
Besides the main auto insurance coverage that you would typically have on your auto insurance policy there are many additional types of coverage that are always optional. These optional types of coverage are usually relatively cheap and they provide you and your property with much more protection. They may not seem to you to be helpful in most circumstances but we never know when we might need these often forgotten types of assistance.The is Gap coverage will pay the difference between the amount you owe on the loan or lease agreements you have with the lender you purchased or leased your vehicle from if the car is totaled in a covered accident. Sometimes this Gap coverage is also referred to as Loan/Lease coverage.Also falling into the category of not always necessary is Towing and Labor or Roadside assistance. The towing and labor portion usually covers the cost to tow your vehicle to a repair facility for repairs or even make minor repairs at the site after a minor accident. The roadside assistance coverage covers towing, minor repairs, fuel delivery, key making, etc., even if there is no auto accident.Auto Rental coverage is when the auto insurance company reimburses you for any cost relating to a replacement car through an auto rental agency if yours is not drivable due to a covered auto accident. Some auto insurance companies will even send you a check for part of the allowed amount if you decide you do not need a replacement rental car.There are always some things that you will have to cover yourself no matter what how good your policy is. One of these items is any deductibles. A deductible is the amount of money that you have agreed to with your auto insurance company before the insurance company kicks in to pay their part.Exclusion is another item you will always have to pay. Exclusions are events or situations your policy specifically will not cover, such as property damage or personal injury you intentionally cause or damage to your own car due to mechanical failure or wear-and-tear.Another item that you will always have to pay for would be any costs above your policy limits. This would include any expenses that exceed the dollar amounts listed on your policy contract for coverage you are entitled to receive. This is a good argument against being underinsured. It is always the best way to go is to make sure you have enough auto insurance to cover any unseen accidents or damages to your property.