If you drive a car, you need car insurance. Beyond the legal requirement, car insurance can help protect you, your family, and your hard-earned money. If you drive without insurance, you run the risk of having your license revoked, paying high fines, and the possibility of being sued. If you are looking to save money on your insurance check out low coast car insurance in Philly.
You can customize your car insurance to fit your situation and budget, including:
Liability Insurance
Most states have a minimum liability requirement. This includes both physical liability coverage and bodily injury coverage. Physical liability coverage helps defray the costs you will pay if you damage someone else’s car and/or property in accident. This can include coverage for non-vehicle damage, such as damage to fences, trees, buildings, etc.
Bodily injury coverage helps protect you against damages you will need to pay in case someone is physically injured or dies because of an accident you are held responsible for.
Personal Physical Damage Coverage
In addition to having coverage for damage inflicted on someone else’s car or property, you will want to ensure that you have coverage to protect your own car and belongings. This can include coverage for damage caused to your car that you are responsible for and coverage for accidents beyond your control.
Comprehensive Insurance Coverage
This coverage is important if you have a new vehicle that you are still making payments for. It includes non-collision coverage including accidents involving wildlife, vandalism to your car, hail and other storm damage, theft, fire and those unexplainable dents and dings that happen when your car is parked.
Uninsured or Under Insured Motorist Coverage
This is usually an addendum and provides coverage in the event you are involved in an accident with a motorist who does not have insurance or is underinsured.
Gap Insurance Coverage
Gap insurance covers the difference between what you owe on a vehicle and what it is truly worth. This is important for those with new cars that depreciate when you drive them off the dealer’s lot.
Remember, you can save money on your insurance by having a multiple car policy or a policy that includes homeowners or renters insurance. If you have other vehicles, such as motorcycles, recreational vehicles, and/or boats you may be able to discount your payments by insuring them all with a provider of low coast car insurance in Philly.
