Auto insurance is vital to help protect you and other road users in case of accidents. There are different types of auto insurance with different coverages. If you are a new car owner, you might be confused about what the insurance types cover and which one you need.
Liability insurance
You must have your liability insurance in Denver, CO, even if you get the minimum liability coverage the state law provides. It covers bodily injury and property damage liabilities caused to other people if you are at fault in an accident.
Uninsured and underinsured motorist insurance
If you are in an accident with an uninsured or underinsured motorist, this insurance type helps cover your medical bills or vehicle repairs if you are not at fault. Ensure you ask whether it is mandatory or optional when consulting an auto insurance company in Indianapolis, IN.
Comprehensive insurance
This helps cover damage to your vehicle from other things like vandalism, fire, hail, theft, accident with animals, or other weather disasters. Most companies offer this coverage up to the car’s cash value.
Collision insurance
You benefit from collision insurance if you get into an accident with another vehicle or hit objects like fences or walls. It also covers repairs or replacements up to the vehicle’s cash value minus deductibles.
Personal injury protection
This insurance helps pay medical and other related expenses like lost income or childcare after an accident. Depending on your policy’s limit, it can cover up to 80% of your medical expenses.
Medical payments coverage
This coverage helps pay your medical costs related to car accidents, regardless of whether you are at fault.
The Thompson Group is an independent risk management company with insurance programs to match its clients’ needs. Apply for your liability insurance in Denver, CO or other auto insurance policies today.
