Types of Auto Insurance Coverage

Besides understanding local traffic laws and road conditions, responsible drivers know the value of carrying auto insurance. An auto insurance policy may provide essential funds in the aftermath of accidents, theft and other damage to your vehicle. Having adequate coverage may prevent you from dealing with the financial fallout alone.

What Are the Different Types of Auto Insurance Coverage?

Florida car owners must have automobile insurance to register a vehicle. The state mandates minimum levels of personal injury protection and property damage liability.

• Personal injury protection may cover your medical expenses and lost wages after an accident up to your policy limit, regardless of fault.
• Property damage liability may pay for damage you caused to other people’s property.

The following are additional coverages to consider including in your auto policy:

• Bodily injury liability may cover other people’s medical costs and lost wages after an accident you caused. If you get sued, this may also cover your legal fees.
• Collision coverage may pay for damage to your car resulting from a collision.
• Comprehensive coverage may pay for your vehicle’s repair or replacement expenses if damaged by events other than a collision.
• Medical payments coverage is optional coverage that may help cover your medical expenses following an accident, regardless of who is at fault.
• Uninsured or underinsured motorist coverage may pay out when you get injured by an uninsured motorist and need medical attention for a bodily injury. You use this coverage when the uninsured motorist is the at-fault driver.

How Much Does a Policy Cost?

Auto insurance costs are generally determined by assessing how likely you are to get involved in an accident. When setting premiums, insurers may consider the following factors:

• Your age
• Location
• Driving record
• Vehicle type
• Claims history
• Coverage type and deductibles

Dependable Auto Insurance Agents in Lake Worth, FL

At United Home & Auto Insurance, LLC, we understand the importance of reliable auto insurance. Contact us today to learn more about getting tailored coverage.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.