Answering Common Auto Insurance Questions
Driving your car to work or to run errands may not be something that you give a second thought to. However, operating an automobile on a public road can actually be a very risky thing to do. If you are involved in an accident, you may find yourself liable for damages and injuries to other people as well as your damages and injuries. For these reasons, it is critically important for you to make sure that you are protected by insurance, but if you have limited experience buying insurance, you may not be fully aware of the benefits of opting for a comprehensive policy over one that only offers liability protection.
Is It Worth The Extra Cost To Buy Comprehensive Coverage?
Some individuals may make the mistake of opting to only purchase liability coverage due to the fact that it will usually be less expensive than a policy that offers comprehensive coverage. However, these savings come at a price. If you only have liability coverage, you may find that you are responsible for paying for any damages that your vehicle suffered. This stems from the fact that liability only covers the damages that you cause. By paying the additional fee for comprehensive coverage, you can have a policy that will also pay for the damages caused to your vehicle. While this coverage can prove to be extremely valuable in situations where you caused the accident, it can also protect you in instances where you are the victim of an accident caused by someone that does not have insurance.
Will Comprehensive Coverage Pay For Your Medical Expenses?
While the repairs to your car following an accident can be expensive, these costs can be a fraction of the medical expenses that can follow a serious accident. Typically, comprehensive policies do provide some coverage for medical expenses. However, this coverage will often have a very low cap on it. As a result, you may want to also invest in a personal injury protection plan. These policies are specifically designed for medical costs, and they have far higher caps for these benefits.
What Will Determine The Cost Of Your Policy?
For those that are buying their first insurance policy, it is important to note that there are many factors that the insurer will consider when determining the premiums for the policy. The cost of your insurance policy will be determined by the insurer's risk assessment of you. This will involve reviewing your driving record, claim history, credit report and criminal record. By looking at these various factors, the insurer will be able to better determine the risk of providing you with a policy. As a result, you should take special care to make sure that your driving, claims and credit histories are in the best condition possible.
For more information, talk to a professional like LA Insurance.