Lake City Auto Insurance
Statistics show that a motor vehicle accident occurs every second. An auto accident causing an injury every 14 seconds, and every 13 minutes a car accident results in a fatality. More than 31 million accidents occur annually at a cost of more than $100 billion. Theft and vandalism are other major perils, with a vehicle being stolen every 20 seconds.
With more than 150 million drivers and registered vehicles on the road today, auto insurance is the most widely purchased of all property and casualty insurance, yet few drivers are familiar with the details. Trevor Hickman Insurance is the place to go to help you get the coverages you need at a price that works for your auto insurance budget.
When you buy an auto insurance policy, you are buying a package of individual coverages. Each coverage protects you against different types of losses. Once you understand the various coverages, you can decide which ones to include in your personal insurance package. You can also determine the limits of coverage you will need. The following are some common coverages found in an auto policy. NOTE – Your policy may not contain all these coverages.
- Bodily Injury (BI) Liability Coverage
- Property Damage (PD) Liability Coverage
- Medical Payments Coverage
- Uninsured/Underinsured Motorists (UM/UIM)
- Collision Coverage
- Comprehensive Physical Damage Coverage
- Rental Reimbursement
- Towing and Labor
FAQ Lake City Auto Insurance
Why are rates different for different cars, even if the cars cost the same?
Vehicles are grouped into categories according to the statistics of those types of cars being damaged, vandalized or stolen. Insurers generally consider the size and type of vehicle, as well as the value and the cost of repairs (which can vary greatly, even on vehicles that cost roughly the same).
Safety is key when buying an automobile! Some cars are considered safer than others because of their performance record in safety tests and real accidents. It helps to research insurance coverage before you buy your car.
How can I Lower my Rates?
One way to lower auto insurance rates is by requesting higher deductibles (the amount of money you pay before you make a claim). Increasing your deductibles on collision and comprehensive coverage will bring your rates down. Moreover, you may elect to not carry collision and comprehensive coverage if you drive an older car.
Many insurers generally offer discounts for:
Defensive Driving, accident free, driver’s education courses and good student discounts for teenagers. Buying homeowners and auto policies from the same company…Nationwide for example.