At Affordable Insurance in Aurora, we know you might need some extra help understanding the different types of car insurance coverage. Here in Colorado, it is essential to have the right type of auto insurance coverage in order to be protected. Unfortunately, many drivers are not fully covered, so it is even more important to make sure that you and your family are!
Here is a brief description of the different types of car insurance coverage:
Bodily Injury Liability
If you or anyone on your policy are in an accident in which the other party is injured or killed, this type of auto insurance will keep you covered. But keep in mind that it only covers people, not property or vehicles. So, you will still need other protection to take care of that end of the coverage spectrum. Additionally, bodily injury liability coverage will provide legal defense in the case that the other party files a lawsuit against you. For this reason, you will want enough coverage to cover the lawsuit costs without jeopardizing your personal assets in any way.
Comprehensive Physical Damage
This type of insurance for your car pays for losses other than that of a collision. Examples of this include fires, flood damage, stolen vehicle, vandalism, and damage by animals. To keep your premiums down, you may consider selecting higher deductibles. However, keep in mind that this coverage includes hail damage. If your vehicle is primarily parked outside (at home and at work), think about how much cash you can come up with for a deductible in case one of our infamous Colorado hail storms completely destroys your car.
Collision coverage pays for damage to your car if it is hit by another vehicle or other object, as well as the other party’s vehicle if hit by your vehicle. This is another area of auto insurance where it’s important to find the right balance of deductible and monthly premiums. Keep in mind that coverage is generally limited to the value of the vehicle. So if you own an older car that is worth much less than a new one, you may consider skipping this coverage option.
Personal Injury Protection, No-Fault, or Medical Payments
The injured driver and passengers of your vehicle will be covered under this insurance coverage. Additionally, if injured as a pedestrian, this type of coverage can help.
Property Damage Liability
If your car damages another vehicle or object, property damage liability will come in handy! Also, this protects you with a legal defense in the instance that a lawsuit is filed against you, so be sure to have a decent amount of this coverage in order to protect yourself sufficiently.
Uninsured Motorists Coverage
Uninsured drivers and hit-and-run drivers do not help with car insurance costs, so in the event of either of these circumstances, you will be covered. Some states offer uninsured motorist coverage for vehicles too. And because of a large number of uninsured motorists, better to be safe than sorry!
Knowing the different types of car insurance coverage will keep you and your family better protected in the event of a motor vehicle accident or other scenario involving pedestrians, or local wildlife. Rely on the helpful team at Affordable Insurance in Aurora to get the insurance coverage you need to be covered all year long on every road you travel. Call us today!