The car insurance business is very competitive. There are many car insurance types designed for small vehicles, trucks, vans and luxury cars. Every state has different coverage and deductible requirements, which means that you need to do research before buying auto insurance. If you’re planning to insure small vehicles, then you should read the following lines to learn more about car insurance types.
In most states, the law requires drivers to carry liability insurance for their cars. This is the most common type of auto insurance, as it offers coverage for accidental physical injury and damage to property caused to another person. If you cause an accident, your insurance provider will cover the damages. Whether you need insurance for small vehicles or big cars, you can choose from bodily injury liability coverage and property damage liability insurance.
Comprehensive coverage is another popular type of car insurance that suits small vehicles. If you opt for comprehensive coverage, then your policy will cover your vehicle for losses resulting from accidents other than collision. Unlike other car insurance types, comprehensive coverage covers your vehicle in the event of hailstorm damage, vandalism, theft, fire and other natural causes that you have no control over. This type of insurance is optional. Make sure you check the policy to find out what is covered and what is not.
Underinsured and uninsured motorist coverage protects the policyholder in the event of a car accident caused by a driver with no insurance, or with one that doesn’t cover the damages. This type of auto insurance protects you, the insured members of your household and your passengers for injuries caused by drivers whom coverage cannot meet your damages. In the event of an accident, the insurance company will pay up to a certain amount for repairs to the insured car.
There are many other car insurance types suitable for small vehicles, including no-fault insurance, medical payments, gap insurance, personal injury protection coverage, basic and additional reparation benefits, accidental death coverage and property protection insurance. Personal injury protection coverage pays for the medical, hospital and funeral expenses of the policyholder, his passengers and other people struck by him. No-fault insurance provides coverage for injuries and property damage, no matter who has caused the accident. Collision coverage pays for the damages to your vehicle when you are involved in a collision.
Before you buy car insurance for small vehicles, it is very important that you compare the main car insurance types in order to find a policy that suits your needs. Contact at least three insurance providers, ask about the plans they offer and then opt for an affordable policy offering as much coverage as you need.