Decoding Your Auto Insurance Quotes

Confused by reading your auto insurance quote? Read on!

During this age of digital DIY-ers, plenty of people are turning to the Internet to secure their insurance policies. With a few clicks of a button, you have homeowners/auto/business coverage! Easy, right? Before you hit ‘confirm’, it’s important to know what coverage you’re getting.

Getting the right coverage for your needs is what insurance agents are experts at! Also, decoding your auto insurance quote enables you to understand what you’re paying for and what coverage you could be missing.

Check out how to decode your car insurance quote!

Bodily Injury Liability – This coverage helps to pay for another person’s physical injury as a result of an accident for which the policyholder is liable. From physical injury, pain and suffering, and losses, third-parties are covered. Additionally, it will pay for legal costs associated with the accident.

Property Damage – If the driver is at fault in an accident, and there is damage to another person’s property, then this coverage will pay for the damages.

Deductible – The deductible is the amount you pay out of pocket before your insurance starts paying. If you have a $500 deductible, and you make a claim for $2000, you must pay the first $500, and then the insurance company will pay the $1,500.

Medical Payments – ‘Med Pay’ covers injuries of the driver and passengers caused by an accident, whether the policyholder was at fault or not. As medical expenses can be costly, it’s essential to have more than enough of this coverage!

Uninsured Motorist – Some motorists don’t have any insurance. Even if the other driver does have insurance, he/she may not have a high enough limit. If you were to get into an accident with someone who didn’t have insurance or not enough of it, this coverage would pick up where their insurance would.

Collision and Comprehensive – This policy will cover the damage to your vehicle if you’re involved in an accident or collision. Comprehensive coverage is for any damages to your car that are not the result of an accident, such as theft, vandalism, natural disasters, fire, etc.!

While everyone is trying to save a buck nowadays, it’s not a good idea to lower your coverages just to save money. You’ll need enough liability coverage to protect your assets in the event of a lawsuit or exceeding your policy limits. For ways to save on your auto insurance without losing coverage, talk to your insurance agent today!

Get started on securing the right auto insurance for your needs by contacting the professionals at Aimpro Insurance, located in Phoenix, Arizona.