Top 5 Most Important Questions About Auto Insurance Policies

Do you know everything about your coverage? If you are a driver who needs more information about auto insurance policies, do not be afraid of talking to an agent.

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There’s no reason why you should be waiting for an agent to offer you a policy without knowing what the policy includes. You are as responsible for learning more about your coverage, since you are paying for it.

Be proactive and whether you have any questions in your mind, feel free to ask. Note that many people find everything they are looking for in very efficient and uncomplicated ways.

For that reason, here you will find 5 questions about auto insurance policies.

Does your auto insurance company offer any policy discounts?

You have the right to ask whether you are getting all the valid discounts you are entitled to. Many auto insurance companies offer multiple kinds of discounts. You may be surprised to find out that you qualify to many of them.

From safety features to having a garage where to park your vehicle, auto insurance companies could offer everything you need. There are cases where students get considerable discounts for having good grades at college.

It’s also recommended to check the website and, more importantly, make more questions since they don’t always advertise their discounts online.

Does my policy include comprehensive and collision coverage?

At its simplest, collision covers any car repairs during a car accident, whereas comprehensive pays for other damages including: vandalism, theft, natural disasters, and other non-fault accidents.

Note that there may be some deductibles that you need to pay first.

Typically, collision and comprehensive coverage are a great choice when you own a newer vehicle. As time goes by and your car depreciates in value, it may not be worthwhile to keep paying for those additions.

Does my policy include uninsured/underinsured motorist (UM/UIM) coverage?

Ask this question if your state requires you to have this coverage on your policy. It is advisable to consider this coverage since it is very advantageous, and could help you cover expenses.

Those expenses relate to accidents where the other driver is uninsured. Of course, look at your budget and see what works best for you.

Know that collision coverage covers the expenses of a car accident but it does not cover your medical expenses.

It’s always advisable to contact your agent to find out what your policy includes and what type of coverage you have if having an accident with an uninsured driver.

If my car is totaled, how much will my auto insurance company pay for the loss?

This is a question that saves you from future surprises, or even disappointments once you file a claim. Ask your agent how the auto insurance company handles totaled vehicles.

When your car is totaled, many insurance pay the actual cash value of your vehicle at the moment of the loss. Alternatively, other companies pay an “agreed upon value” which is specified on your policy.

Whatever the option they offer you, check with your agent. See whether any of those options adds value to your policy.

Whether your vehicle need new parts, will your auto insurance pay for the original manufacturer auto parts?

Depending on the auto insurance company, you could be entitled to get auto parts from the original manufacturer. At the same time, many other companies only offer “aftermarket auto parts.”

Examine your policy priorities. Is it important for you to pay for parts that were produced at the original manufacturer?

It could be that some drivers need to save money on their auto insurance, so they get value from aftermarket parts, which are generally less expensive.