If you have recently bought a vehicle, you may be overwhelmed by the process of buying automobile insurance. There are so many different types of insurance that you can consider. Even worse, each plan is different. Vance Insurance Group LLC in Oklahoma City, OK offers the following guide to help you choose the right insurance for you and your family:
Types of Auto Insurance
Liability insurance is required in almost every state. This will protect you by paying the other party’s expenses in the accident. It will cover their vehicle and medical expenses. It will also cover your legal fees if you get sued.
Uninsured and underinsured motorist insurance will protect you if you are in an accident with someone who doesn’t have insurance (or doesn’t have enough). It will cover damage to your vehicle and your medical bills. This may be required in your state.
Collision insurance will pay to fix or replace your car if you are in an accident, regardless of whose fault the accident was. If you have a loan on your vehicle, you may be required to have collision insurance.
Comprehensive insurance will cover damage that occurs to your vehicle that isn’t accident-related. This may include fire, theft, and vandalism. Your loan may also require comprehensive insurance in order to protect your investment.
Depending on your state, you may also be required to have personal injury protection and/or medical payments. Both of these, to a degree, are used to pay for your medical expenses after you have been involved in an accident.
In order to protect yourself, you should talk to a professional. Don’t hesitate to contact us today at Vance Insurance Group LLC in Oklahoma City, OK.