Generally speaking, most basic auto insurance policies include bodily injury liability, property damage liability, personal injury protection, collision, comprehensive, and uninsured/underinsured motorist protection.
Is auto insurance a requirement?
Most states in the U.S. do require some form of auto insurance coverage, with the exception of two states: New Hampshire and Virginia. Otherwise, each state has a minimum liability coverage that a car owner must carry.
Are there different types of auto insurance coverage?
Yes, there are 6 types of auto insurance coverage that most insurance policies carry; auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, collision coverage, medical payments coverage and personal injury protection. Other types of insurance coverage include rental, gap, new car replacement, ridesharing coverage and more.
How long does it take to get an auto insurance quote?
With Policy Scout, you can get an auto insurance quote in seconds! Click here to get your free quote today.
Does my credit score affect my insurance premiums?
Most of the time, auto insurance companies use credit-based insurance scores to determine your premiums. It’s not necessarily about having a good score as much as the insurance company looking at certain aspects that pertain to potential losses. For example, insurance companies tend to look at payment history, length of credit history, and types of credit.
AUTO INSURANCE 101
Auto Insurance 101
Types of Auto Insurance Coverage
Most auto insurance policies provide one or more of three basic types of coverage: Liability coverage, which covers damage caused to other vehicles by you in a collision, collision coverage, which covers your own vehicle in a collision with another vehicle or vehicles, and comprehensive coverage, which covers your vehicle from non-collision incidents such as natural disasters, vandalism, and theft.
Gap auto insurance applies when there is a gap between what your car is worth and what you still owe on it. “Gap” is short for “guaranteed auto protection.” Gap insurance is not part of most auto insurance policies, but you can add it to your plan or purchase separate insurance to cover this type of situation.
While the rental car company typically has liability insurance that covers the bare minimum mandated by the state, you could still be left with hefty bills if you fail to adequately protect yourself. Policy Scout can help take the guesswork out of finding the right insurance for your rental car and provide you with the best possible quotes.
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