Car Insurance Doesn’t Have to Be Confusing

When it comes to choosing the right care insurance, most people do not know where to start. Terms such as personal coverage, liability, deductible, property damage, bodily injury, comprehensive, collision, uninsured and under insured motorist, medical expenses pay, rental coverage, state minimums, GAP insurance and personal injury can be overwhelming. Simply put, understanding auto insurance can be confusing. As your trusted car insurance agent, Altra Insurance services will help you demystify car insurance and guide you in obtaining auto insurance coverage that fits your budget and provides the right amount of protection. Getting a car insurance quote is just a phone call away. Call us now and let us help you choose not only the suitable auto insurance, but renters, surety, homeowners, and business insurance San Diego today.

Understating the Basics of Auto Insurance

Most states in the United States have compulsory financial responsibility laws to ensure that drivers operating motor vehicles will have at least a minimum required level of financial responsibility to cover any damage or injury caused by an accident. The most common method of financial responsibility is to maintain liability insurance through an auto insurance policy. Liability insurance protects you against claims if you are at fault in a collision. Each State has its own minimum liability requirements. For example, in California the minimum liability insurance requirements are:

  • $15,000 for injury or death to one person.
  • $30,000 for injury or death to more than one person.
  • $5,000 for damage to property

Auto Insurance Premiums and Deductibles

Each car insurance policy comes with a monthly premium. Whether there is an accident or not, this is the fixed amount paid to the insurance company each month to maintain the policy. Premiums vary depending on the amount of coverage and deductibles.

Deductible is the amount of money you must pay when making a claim on your policy before the insurance company pays additional cost. Suppose you have a policy with a $500 deductible and you have an accident that causes %5000 in damages to your vehicle. You are responsible for $500 while the insurance company will cover the rest of the $4500. A higher deductible means a lower premium and a lower deductible means a higher premium.

Liability Insurance is Often Not Enough

While liability insurance fulfills the state minimum requirement, due to its limited coverage, it does not necessarily cover catastrophic accidents that could result in huge financial damages. Most importantly, liability insurance only covers the medical and property damages of the other party involved. It does not cover if you are at fault. Additionally, it does not provide coverage for uninsured or under insured drivers, thus, exposing one to potentially a huge financial liability. Your Altra Insurance expert will help you understand and demystify auto insurance.

We Help You Choosing the Right Car Insurance

Let us help you can get the right insurance coverage so that you can enjoy peace of mind knowing you are covered in the event of any accident. Getting an auto insurance or motorcycle insurance San Diego is easy. Give us a call or request an online quote now.