What Does Auto Insurance Cover?
Selecting an Auto Insurance plan can be a confusing and tedious process. If you are a first time vehicle owner, you probably have many questions about what an auto insurance plan covers and what additional coverages you should purchase. Keep reading to learn about the different types of auto insurance plans as well as the different types of coverages these plans offer.
Auto insurance policies are made up of multiple coverage types, all of which provide different kinds of protection for policy holders. When you purchase auto insurance, you will be able to select the coverages you want and the limits or deductibles for each. More coverage means more peace of mind, but it also means more stress on your wallet. Taking the time to determine what you need and don’t need when it comes to auto insurance coverage will allow you to make the most out of your insurance plan.
Types of Coverages
Collision Coverage:
Covers damage to your vehicle after an accident, regardless of who is at fault
- Collisions with other vehicles
- Running into stationary objects
- Driving over potholes
Comprehensive Coverage:
Covers damage that happens to your vehicle when you are not operating it
- Falling objects
- Theft
- Vandalism
- Animals
- Riots
- Extreme Weather
- Fire
Bodily Injury Liability:
Covers medical bills in the event that you injure someone in an accident
- Surgery/Operations
- Initial Hospital Visit
- Ambulance Fees
Property Damage Liability:
Covers the cost of property damage you cause in an accident
- Vehicle Parts
- Vehicle Replacement
- Property inside a vehicle at the time of an accident
Personal Injury Protection:
Covers medical expenses for you or your passengers after an accident
- Medical Expenses
- Funeral Expenses
- Lost wages
- Medications
Uninsured/Underinsured Motorist:
Covers expenses if you are in an accident caused by a driver with little or no insurance. This type of coverage is also split into two types to account for property damage and bodily injury.
What’s Not Covered?
Like every type of insurance, auto policies come with exclusions. That’s why it's important to be aware of your policy’s exclusions before you make a selection.
While exclusions can vary based on company and policy, auto insurance typically does not cover the following:
- Wear and Tear
- Damage caused from rideshare operation (Uber/Lyft)
- Damage that exceeds your coverage limit
- Exotic/Performance Cars
- Damage caused from racing or reckless driving
What are my Next Steps?
If you have more questions about auto insurance, or other types of insurance, our team at Hurley Insurance Group would be happy to assist you. Stop by our office or give us a call today to talk to a licensed agent. If you prefer to do business online, click here to get a quote today!