A Basic Guide to Auto Insurance

Buying Auto Insurance is an important decision. We spend a significant portion of our everyday lives inside our vehicles, and it’s only natural to want to be protected and have peace of mind while we’re on the road.

From the coverage available to the strategies to lower your premium, this brief guide will provide you with all the information you need to gain an essential understanding of the world of Auto Insurance.

Do I Need Auto Insurance?

The short answer is Yes. The vast majority of states require Auto Insurance. Driving without insurance can put you in jail or it may be a reason to have your license revoked. Therefore it’s very important to understand at least the most basic terms and the different types of Auto Insurance coverage available.

What Kind of Coverage Do I Need?

Every state has minimum Car Insurance Requirements, so that should be your basic guideline. Once you have this information, you can decide to increase the limits of your insurance in order to feel safer and more protected while you drive.

  • Bodily Injury Liability

This coverage applies to injuries you, or the family members listed in your policy, cause to others. It also covers you when you drive other people’s cars with their permission.   

  • Personal Injury Protection (PIP)

This component of Auto Insurance covers medical expenses for the treatment of injuries to the driver and passenger of the policyholder’s car. PIP tends to vary in a state-to-state basis and may cover other expenses such as lost wages and rehabilitation costs.

  • Collison

Collision coverage applies to damage caused by a collision with another car or object such as a guardrail, tree or fence. It also covers damaged caused as a consequence of flipping over.

  • Comprehensive

This coverage will reimburse you in case of lose due to theft or damage caused by a collision with something other than another a car or object. While states don’t require comprehensive coverage, some lenders require that borrowers carry it until a loan is paid off.

How Can I Lower my Car Insurance Premium?

There are some strategies you can keep in mind if you want to lower your Car Insurance premium. For example, you can take a defensive driving course, or ask for a higher deductible. There are also some categories that are entitled to discounts, like retirees or students.

This guide has provided you with the basic guidelines to understand the world of Auto Insurance. However, it’s important to contact an expert to help you go beyond the elemental insurance concepts.

At La Popular Insurance we offer auto, home, commercial, health and life insurance. With 26 years of experience, we offer extremely qualified assistance at an affordable price. Contact us today by email or telephone ( 323-566-5063 , 562-928-1960, 323-773-9793 ) to discover more about our wide range of services.