What Auto Insurance Really Is
This is the Travelers Claim University – this is where Travelers pros train to be the kind of experts who can help make things right if something goes wrong. They learn how to quickly and accurately assess claims using full scale models of cars. It is a fitting setting for what we like to do today.
We like you to become better informed about what car insurance covers and what drives it’s costs. Because the more you understand, the more you’ll appreciate the value of your car insurance.
Let’s start by reviewing just what auto insurance really is – well it isn’t just car insurance, because if something goes wrong, it won’t just pay to repair or fix your car, it could also include your choice of features that have it towed to the shop from the scene of an accident, or allow you to rent a car while yours is being repaired. And depending on the company you are with, you could even get help locating your car if it has been stolen.
Some car insurance policies also will allow you to select repair and replacement coverage, that won’t just reimburse you for your car’s current value, it will actually replace it with a brand new model if it’s been totaled and less than 5 years old. And some policies offer gap coverage which can help pay off the principal of your car loan, even if you owe more that the car is worth. Plus car insurance doesn’t just cover “things”, it also covers accident related expenses, like legal expenses if you are sued. And it can also cover medical expenses for injured passengers in your car if you choose.
So how much does all the protection and piece of mind cost? Like everything else these days, the cost of car insurance is rising. Even though the value of your car may go down, the cost to repair or replace goes up. For example, any products that require oil to make them just keep getting more expensive. Like the steel in your car’s frame, or the rubber in your tires. And since auto insurance covers medical payments, the rising cost of health care are also driving auto insurance costs. Of course all of these costs are beyond your control. But there are some things in your control.
There are things you can do to reduce your cost of loss as well as your rates for car insurance. For example, you may be able to save money depending on how safely you drive, what kind of car you drive, and if you don’t drive very far or very often. If you have young drivers at home, you may be able to save on your car insurance if they make good grades or take a driving training course. Also, the more things your insure with the same company like your car, your home, your valuables, even a boat, the more you can save.
Now how can you make sure you are well protected at a good price? Call us and ask for an insurance review. We will take the time to review your current situation and help you choose the coverage that fits your needs and get you the discounts you deserve. Call Today: 651-739-9684