Protect Yourself and Your Assets with Auto Insurance
Having the right auto insurance policy in place now can save you a lot of grief and money down the road. Insurance Direct 123 can give you the peace of mind that comes with knowing that you, your family, and your assets are protected. Insurance Direct 123 has a team of professional independent agents standing by. We can shop multiple providers on your behalf and give you a quote quickly and easily. Our professional insurance agents are here to make sure you buy only the insurance that you need and that you get the best price available.
Automobile Insurance Terms Defined
Premium
A premium is the amount of money that you pay, either monthly, quarterly, or yearly, to maintain your automobile insurance policy.
Liability Insurance
If you cause an accident, liability insurance is the portion of the auto insurance policy that will help cover any property damage and/or bodily injury claims made by the other drivers involved. Keep in mind that liability insurance does not cover damage to your car or your personal injuries.
Comprehensive Coverage
Comprehensive coverage is the portion of the auto insurance policy that pays for damage to your vehicle that was not caused by a collision such as theft, storm damage, or vandalism.
Collision Coverage
Collision coverage is the portion of the auto insurance policy that pays for accident-related damage to your vehicle.
Note: If your vehicle is being financed or leased, your lender may require comprehensive and collision insurance coverages along with state mandated liability insurance as part of the loan agreement.
Deductible
A deductible is the amount you must pay out-of-pocket for comprehensive and collision claims before an insurer will begin to pay toward covered expenses. As a rule, the higher the premium, the lower the deductible; conversely, the higher the deductible, the lower the premium. So, before finalizing your auto insurance policy, you must decide if you have the savings to cover a higher out-of-pocket amount in the case of a claim, or if you would be better off budgeting for a slightly higher premium monthly, quarterly, or annually.
Medical Payments Coverage
Medical payments coverage is the portion of the auto insurance policy that helps pay for medical expenses incurred as the result of an auto accident.
Uninsured/Underinsured Motorists Coverage
The coverage called uninsured/underinsured motorist is the portion of the auto insurance policy that helps pay for medical bills and/or damage to your car if you are involved in an accident with a driver who does not have any insurance or does not have enough insurance to adequately cover your costs. If you have questions or if you need help with automobile insurance, please contact the professional independent insurance agents at Insurance Direct 123. We are here for you.
Having the right auto insurance policy in place now can save you a lot of grief and money down the road. Insurance Direct 123 can give you the peace of mind that comes with knowing that you, your family, and your assets are protected. Insurance Direct 123 has a team of professional independent agents standing by. We can shop multiple providers on your behalf and give you a quote quickly and easily. Our professional insurance agents are here to make sure you buy only the insurance that you need and that you get the best price available.
Automobile Insurance Terms Defined
Premium
A premium is the amount of money that you pay, either monthly, quarterly, or yearly, to maintain your automobile insurance policy.
Liability Insurance
If you cause an accident, liability insurance is the portion of the auto insurance policy that will help cover any property damage and/or bodily injury claims made by the other drivers involved. Keep in mind that liability insurance does not cover damage to your car or your personal injuries.
Comprehensive Coverage
Comprehensive coverage is the portion of the auto insurance policy that pays for damage to your vehicle that was not caused by a collision such as theft, storm damage, or vandalism.
Collision Coverage
Collision coverage is the portion of the auto insurance policy that pays for accident-related damage to your vehicle.
Note: If your vehicle is being financed or leased, your lender may require comprehensive and collision insurance coverages along with state mandated liability insurance as part of the loan agreement.
Deductible
A deductible is the amount you must pay out-of-pocket for comprehensive and collision claims before an insurer will begin to pay toward covered expenses. As a rule, the higher the premium, the lower the deductible; conversely, the higher the deductible, the lower the premium. So, before finalizing your auto insurance policy, you must decide if you have the savings to cover a higher out-of-pocket amount in the case of a claim, or if you would be better off budgeting for a slightly higher premium monthly, quarterly, or annually.
Medical Payments Coverage
Medical payments coverage is the portion of the auto insurance policy that helps pay for medical expenses incurred as the result of an auto accident.
Uninsured/Underinsured Motorists Coverage
The coverage called uninsured/underinsured motorist is the portion of the auto insurance policy that helps pay for medical bills and/or damage to your car if you are involved in an accident with a driver who does not have any insurance or does not have enough insurance to adequately cover your costs. If you have questions or if you need help with automobile insurance, please contact the professional independent insurance agents at Insurance Direct 123. We are here for you.