You might be familiar with the minimal amount of auto insurance you have to have in order to drive a car legally. What some people don’t realize until it is too late, however, is that the minimal coverage required by the state only protects the other driver in the event that you’re found liable in an accident.
Fortunately there are ways to add to this minimum coverage. To start, many drivers want to consider adding to the maximum insurance limits set by their policy. While the state minimums provide some protection, an accident involving multiple vehicles could easily exceed this amount. That means the cost of the additional damage comes out of your pocket. Higher coverage limits can protect you against losing everything you own in a single accident.
Many drivers also like to have some protection for themselves in the event of an accident. Collision insurance provides funds for repairing or replacing your car. In some cases it can also provide funds for alternate transportation while your car is being repaired. In many cases, banks require that drivers who have their car loan through their institution purchase this level of coverage in order to make sure that the bank would be reimbursed for the loan in the event of a serious accident. These policies do not protect a driver in the event that the car is stolen or vandalized.
Comprehensive insurance is a good choice for people who want to make sure that their car and its contents are protected no matter what happens. Vandalism, theft, accidents, and more are covered by a comprehensive insurance policy.
If you are looking to improve the auto insurance that you already have, or if you need a new policy, call one of the independent insurance agents at Alcorn Insurance Agency today.