Carrying auto insurance is a crucial decision for anyone on the roads today. With so many drivers on cell phones, eating fast food, and even watching TV while at the wheel, it is not unusual to find yourself in a “fender bender” or serious wreck.  Having car insurance can make such an ordeal a lot less stressful for you and your family.

Auto insurance protects you and your family financially if you ever have an accident in your car. You have a contractual agreement with your car insurance company.

Car insurance is typically made up of these three specific types of coverage: property coverage, liability coverage, and medical coverage.

  1. Any damage which occurs to your car in an accident will be covered by property coverage. Property coverage will also be used if your car is stolen.
  2. Anything you are legally responsible for, such as when others are injured, or their property is damaged in an accident determined to be your fault, will be covered by liability coverage.
  3. Any payments needed for injuries, rehabilitation due to injuries, lost wages, and funeral expenses will be covered by medical coverage.

Most states require that you carry car insurance in order to drive a vehicle of any type. At the time you received your driver’s license and when you renew your license plate for your car, showing proof of car insurance is a common practice. There are rare instances when car insurance is not required. However, in those rare instances, it is the law that you must be able to pay for any losses to others you might cause in an accident.

Auto insurance is something you need to put into your budget every year. When you get a car insurance policy, it will normally cover you and your vehicle for 6 months to a year. You will find that your car insurance company will remind you whenever you need to renew your policy or if a premium payment is due.

Driving safely may be enough for you to avoid any spikes in your premiums. Of course, if your rates go up, they can also go down. By being a safe driver, you may see the price you pay for auto insurance decrease over the years.

At Vaught Wright & Bond, our Personal Insurance specialists work with you to tailor an insurance program to protect your family, home, auto, and other valuable possessions at the most reasonable costs our carriers can provide.