Auto Insurance Information 

Automobile insurance protects your automobile against collision and property damage while also protecting you and other individuals against bodily injury. A good policy will help reduce the impact of your loss in the event of an accident.

With auto insurance, there are six types of coverage:

• Bodily Injury Liability - Pays your legal bills and claims against you if your car is involved in the injury or death of another person. The coverage extends to others driving your car if they are using the car with your permission.
• Medical Payments - Pays accident-related medical expenses for you and your passengers. Also pays if you or your family members are injured while riding in another's car or are struck by a car while walking.
• Uninsured/Underinsured Motorist - Pays for costs related to property damage or injuries to you, your family members, or guests in your car if the damage or injuries are caused by an uninsured, underinsured, or hit-and-run driver.
• Property Damage Liability - Pays your legal defense costs and claims against you if your car is involved in damage to another's property. Does not cover your property, including you auto.
• Collision - Covers damage to your car caused by a collision with another vehicle or any other object, regardless of whom was responsible.
• Comprehensive Physical Damage - Covers damages to your car resulting from theft, fire, hail, vandalism, or a variety of other causes.

Review each type of coverage carefully as each one applies to different types of losses. If you have good medical insurance, you may not need to purchase extra medical payments insurance with your auto insurer. However, medical payment coverage is inexpensive and can simplify certain situations. Medical payments coverage pays emergency medical expenses and other costs for anyone hurt while in, on, or around your vehicle.

Tips for reducing the cost of your Auto Insurance

Automobile insurance rates are based on a number of factors including age, marital status, and driving record. However, there are many ways in which you can reduct the cost of your policy premium.

• Raise your deductible - The higher your deductible, the lower your premium will be.
• Drop collision and comprehensive coverage on older cars worth less than $1,000.
• Buy a "low profile" car - Fancy or expensive cars generally have high theft rates or are expensive to repair resulting in higher insurance rates. Examples of cars with high theft rates include the Mercedes, Chevrolet, and Ford convertibles. Certain car models are also eligible for a discount.
• Pay premiums in one lump sum - Save service charges by paying all at once rather than monthly payments.
• Do not buy medical payment overage - If you and your regular passengers are covered by health insurance, you do not need to buy the coverage.

Discounts vary depending on your insurance company. Ask your insurance agent about the discounts you are eligible for that are not automatically applied to your policy. The following discounts could help you reduce your costs:

• Low mileage/restricted mileage discounts - The less you drive, the more you save.
• Safety feature discount - Automatic seatbelts, airbag, anti-lock brakes.
• Anti-theft device discount - Ignition and fuel cut-off systems, alarms, hood and wheel locking devices, and window identification systems.
• Multi-car discount - Insuring more than one car with the same company qualifies you for a discount with many companies.
• Loyalty discount - Insuring your car with the same company for a certain number of years.
• Other discounts - Over age 55, nonsmoker, safe driving record and completion of defensive driving courses are some other features that insurance companies may take into consideration for discounts.
  
  

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