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What You Should Know Before Buying Auto Insurance

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Before Buying Auto Insurance What You Should Know in San Diego, CA

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Drivers purchase car insurance to cover the cost of damages to a vehicle after an automobile accident. People are required to submit proof of insurance when they renew their driver’s licenses, and drivers must maintain coverage to operate vehicles. Failure to maintain insurance coverage could result in a ticket or jail time. Learn more about auto insurance to discover how to find the best policy for your needs.

Liability Coverage

Liability coverage is required for all vehicles. This type of coverage covers the cost of property damage and the injury or death of another person in an automobile accident. Drivers in California must purchase a minimum coverage amount of $5,000 dollars for property damage, $15,000 dollars for the injury or death of another person, and $30,000 for the injury or death of more than one person.

Collision & Comprehensive Coverage

Collision insurance covers the cost of damage to your car from another vehicle, a pedestrian, or physical property, such as a fence or gate. This type of coverage is used to repair damages to your vehicle if you’re at fault for the accident.

Comprehensive insurance covers the cost of physical damage to your vehicle that didn’t involve a collision. This type of insurance covers property damage from natural disasters, such as hail or flooding. Comprehensive insurance also provides coverage for theft and vandalism.

Collison and comprehensive coverage are optional in California. Many auto finance companies require drivers to purchase collision and comprehensive insurance. The insurance company pays to have the vehicle repaired or replaced, depending on the extent of the damage. The cost of collision and comprehensive insurance depends on the market value of the vehicle and the deductible.

Uninsured Motorist Coverage

An automobile accident involving an uninsured motorist is very expensive. Uninsured motorist insurance covers medical expenses for the driver and passengers when the other person doesn’t have insurance. Uninsured motorist coverage pays for medical bills and funeral costs. Car insurance companies in California are required to offer motorists uninsured motorist coverage for an additional premium. Motorists can decline the coverage by signing a waiver.

Endorsement Coverage

Endorsement coverage offers motorists the chance to include additional services in a policy. Coverage can include theft and damage to stereo equipment and custom wheels. It’s common for motorists to add additional coverage for roadside assistance. Car insurance companies also provide coverage for rental car reimbursement while a vehicle is being repaired after an accident.

The Importance of Automobile Coverage

It’s important for motorists to maintain automobile coverage to minimize liability and expensive premium rates. Uninsured motorists are required to pay for property damage to other vehicles if they were at fault. A lapse in coverage costs a motorist more money in the immediate future. Insurance companies can refuse coverage or charge a higher premium if a motorist has a lapse in coverage.

Drivers who are searching for reliable, affordable auto insurance should reach out to the experienced professionals at Altra Insurance Services. In addition to auto coverage, we offer a variety of insurance products, including homeowners, business, and motorcycle insurance. San Diego residents should call one of our friendly agents today at 619-474-6666 for a free quote.

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