18911 Hardy Oak Blvd Ste #145 San Antonio, Texas 78258
Auto Insurance
1
What is auto insurance?
Auto insurance is a type of insurance that covers your car and protects you financially in the event of an accident, theft, or other vehicle-related incident. It covers the cost of damages to your car, as well as any injuries or medical bills that you or other people involved in the accident may incur. Auto insurance is required by law in most states, and it is important to have because it can help you pay for costly repairs or medical bills if you are involved in an accident. It also offers peace of mind knowing that you are protected against potential financial losses.
2
Why auto insurance?
There are several reasons why people should purchase auto insurance:
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It is required by law: In most states, it is illegal to drive a car without auto insurance. If you are caught driving without insurance, you could face fines, suspension of your driver's license, and even jail time.
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It protects you financially: Auto insurance covers the cost of damages to your car and any injuries or medical bills that you or other people involved in the accident may incur. Without insurance, you would have to pay for these costs out of pocket, which could be financially devastating.
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It can save you money: While auto insurance may seem like an added expense, it can actually save you money in the long run by protecting you against potentially large financial losses.
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It can give you peace of mind: Auto insurance can provide peace of mind knowing that you are protected against potential financial losses resulting from an accident or other vehicle-related incident.
Overall, auto insurance is an important financial protection for drivers and is well worth the investment.
3
What does auto insurance cover?
Auto insurance policies typically cover the following:
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Liability coverage: This covers damages or injuries that you cause to other people or their property while driving. It includes bodily injury liability, which covers medical expenses for the other party, and property damage liability, which covers damages to the other party's property.
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Collision coverage: This covers damages to your own car if you are involved in an accident with another vehicle or object.
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Comprehensive coverage: This covers damages to your car from non-collision events, such as theft, vandalism, or natural disasters.
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Personal injury protection (PIP): This covers medical expenses and lost wages for you and any passengers in your car if you are involved in an accident.
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Uninsured/underinsured motorist coverage: This covers your damages and injuries if you are hit by a driver who does not have insurance or does not have enough insurance to cover the costs.
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Auto insurance policies can vary, so it's important to carefully review the details of your policy to understand what is and is not covered.
4
Types of auto insurance
Three common types of auto insurance:
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Liability coverage: This is the most basic type of auto insurance coverage and is required by law in most states. It covers damages or injuries that you cause to other people or their property while driving. It includes bodily injury liability, which covers medical expenses for the other party, and property damage liability, which covers damages to the other party's property.
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Collision coverage: This covers damages to your own car if you are involved in an accident with another vehicle or object. It is usually optional, but may be required by your lender if you have a car loan.
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Comprehensive coverage: This covers damages to your car from non-collision events, such as theft, vandalism, or natural disasters. It is usually optional, but may be required by your lender if you have a car loan.