Call Us 888-249-5464 ☰ ˟
Logo Quote & Bind with Bristol West
Call Us 888-249-5464
  • Home
  • Products
    • Automobile
    • Commercial Auto
    • Condominium
    • Homeowners
    • Flood
    • Renters
    • Mobile Home
  • Get a Quote
    • Auto Insurance Quote
    • Homeowners Quote
    • Mobile Home Quote
    • Quote and Bind with Bristol West
  • Blog
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • About Mr. Auto Insurance
    • Privacy Policy
    • Location Map
  • Contact Us
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Mobile Home Icon

Mobile Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > The Common Terms Associated With Car Insurance
THURSDAY, MARCH 2, 2023

The Common Terms Associated With Car Insurance

If you’re shopping for car insurance, you might hear many terms you’re familiar with. While you are buying only one policy covering just one vehicle, many factors determine the cost of your car insurance policy — and these terms often are used to describe these factors. 
car driving on the road
The most common terms that affect your car insurance policy are as follows: 

  • Bodily injury liability: Should you get into an accident where your vehicle hurts or kills someone, this coverage pays any claims and legal costs. 
  • Collision coverage: This coverage pays for any car damage up to its book value. This type of coverage has a deductible. The higher your deductible, the lower your premium. If your car is financed, lenders often require collision coverage. 
  • Comprehensive coverage: This coverage pays for any physical damage to your car. The damage could be sustained by vandalism, wind, fire, theft, flood or other causes that aren’t accident-related. This coverage also has a deductible. 
  • Deductible: This is the amount that you must pay before the insurance pays their part for any claim. 
  • Medical payments: This covers injuries to you and any passengers hurt in an accident. In many states, this coverage is optional. 
  • Property damage liability: In an accident where your car damages any property, this coverage takes effect to protect the other party. Most states require this coverage. 
  • Uninsured motorist protection: Covers you and any passengers if you are in an accident with someone who is not insured or if you are involved in a hit-and-run altercation. It is estimated that almost 30 percent of vehicle owners do not carry insurance. 

The more knowledge you have, the better decisions you can make. 

Posted 4:32 PM

Tags: auto insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021

  • auto insurance(6)
  • mobile home insurance(5)
  • home insurance(4)
  • commercial auto insurance(2)
  • motorcycle insurance(1)

View Mobile Version

Contact Us Today!
888-249-5464

Resources

  • Products
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

2 N 4th St
Haines City, FL 33844

Ph: 888-249-5464 | Fx: 863-419-2840 | mrautofla@gmail.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder