Do you want to purchase a cheap and best insurance?
Most states in the US requires car insurance to be mandatory as per the states law. Car owners shall have the minimum car insurance policy. The price of an insurance policy depends on lot of factors. Your living address, policy coverage, driving history, credit score are main factors.Your living address is one of the major factors which decides your car insurance price you’ll pay. The reasons are Crime, theft and uninsured vehicle varies as per the zip code. Like other insurance policies, you have to give a premium for car insurance and whenever an accident happens, the insurance company will reimburse for the damages to your car.
Before buying an insurance policy you should aware about Premium and Deductible terms. Premium is the amount that the insurance company takes from you for your car insurance policy and deductible is the amount that you share with your insurance company in paying damages due to an accident.
Let’s discuss about different types of coverage in an insurance policy:
- Bodily Injury Liability – This reimburse for medical expenses, lost wages, and funeral expenses for the persons injured in an accident wherein you held as per the law for that accident. This will also reimburse the legal fees which paid to defend yourself.
- Property Damage Liability – This pays for repair of the car if you are responsible for an accident and any other properties damaged due an accident like road lights, buildings and other properties.
- Collision Coverage – Under this coverage an insurance company reimburse for your car and the other party’s vehicle, if you involve and responsible for that accident. When you are responsible for the accident then insurance company works for reimbursement from the second party which involves in the accident in order to pay for the repairing cost.