Choosing car insurance can be overwhelming. In the age of the internet, the options in front of insurance shoppers are truly endless. If you are looking for affordable insurance that will cover you in case of collision, here are some things to consider while looking at your options.
- Understanding Different Types of Coverage
Make sure you know what different types of coverage there are available. These are all different types of coverage that one can have with auto insurance:
- Personal Injury
Here is a quick overview of what each coverage means:
Liability: This insurance protects you when you cause an accident and injure someone else or damage their property. Liability coverage can extend to passengers in your vehicle, those in other vehicles, and any injured pedestrians. Property damage liability covers any damage to other vehicles and property, such as a fence, stop sign, etc. Property damage won’t apply to your own vehicle damage; that is what collision coverage is for.
Collision: Collision coverage covers all collision damage on your vehicle but does not apply to the damage done on the other driver’s vehicle. If your vehicle’s collision repair is quoted as higher than the value of the vehicle, the insurance company may declare it as a total loss. This coverage is great to have when you have a new vehicle.
Comprehensive: Comprehensive is also first-party coverage that covers other non-accident damage. If your vehicle is stolen or damaged via weather conditions like hail or high winds, you could make a claim under your comprehensive coverage.
Uninsured/underinsured motorist coverage: This helps pay a portion of your damages when an uninsured or underinsured motorist injures you or damages your vehicle.
Personal Injury Protection or MedPay: Medical payments coverage, also called MedPay, covers some medical expenses for you and the passengers of your vehicle, no matter the fault. MedPay applies whether you have your own health insurance that would pay for your medical expenses or not. Personal Injury Protection is similar to MedPay. Personal Injury differs in that you can have higher policy limits and more comprehensive coverage.
Personal injury protection coverage isn’t available in every state; only the ones that have no-fault laws. If you reside in a no-fault state where PIP is available, you should take full advantage of the coverage. PIP can pay for more than just medical expenses, such as a portion of your lost wages, funeral costs, and more.
- How to Choose Deductibles and Coverage:
When deciding how much your deductible should be, consider how much you’d be comfortable paying out of pocket when needing insurance. If you are comfortable paying more out of pocket for a lower monthly rate, then raise your deductible. If you are not in the position to pay a higher amount out of pocket in case of emergency, then lower your deductible and pay slightly more monthly.
There are several different discounts that apply to insurance as well. If you are looking for discounts, consider bundling multiple policies (ex. bundling your auto insurance with home insurance), or finding discounts for being a good driver or a student driver. Most insurance companies offer these discounts, so make sure to inquire about them.
- Have Documents Prepared
When you have decided on your insurance company, or are shopping for quotes, you will need to have these documents prepared:
- Driver’s license
- VIN numbers of vehicles needing coverage
- Current auto insurance (if applicable)
- Average yearly milage
Color Customs is here to help when you are in need of collision repair. We are a guaranteed repair shop for:
- State Farm
- Liberty Mutual
This means that our repairs are 100% guaranteed by the insurance company, and they have 100% confidence in the work of Color Customs Collision.
If you live in Denton, Sanger, Krum or Argyle, and are in need of reliable hail repair, collision repair, or post-repair paintwork, contact family-owned and operated Color Customs Collision today. Stay safe!
Color Custom Collisions is located at 936 Fort Worth Drive in Denton, Texas.