If your car is damaged or destroyed by collision, fire, theft, or any other covered event, having the right auto insurance policy will get you back on the road in record time. In addition to coverage for your vehicle, an auto insurance policy may also provide protection against any medical and/or legal expenses that are a result of injury, death, or property damage caused by an accident involving your vehicle. Additionally, if you wish to finance a car, it is typically necessary to have insurance that will cover any damage to your vehicle.
An auto insurance policy functions as a contract between you (the insured) and an insurance company (the insurer), who provides you with auto-related financial protection during the specified term of the policy. In return for these protections and coverage, you pay a set premium to the insurance company, a fee that is determined before the policy is activated.
At the Fite Agency, we provide insurance coverage for cars, trucks, boats and much more! We can insure your classic car, motorcycle, RV, jet ski, boat, snowmobile or ATV. Contact us today for more information, and we will help you find the best coverage and service for the best price.
It is important to be aware of auto insurance requirements in your area, because these vary from state to state. For instance, in Texas, you must have liability insurance (at a minimum) in order to drive. If you are a resident of Texas and don’t have liability insurance, we would be happy to help ensure that you have the right coverage for where you live, so that you can avoid any legal ramifications of driving without liability insurance.
Even if your state doesn’t require drivers to have liability insurance, the law does require that a driver be able to pay for any losses they cause others.
This includes:
Collision Insurance
If you happen to be in an automobile accident, standard collision insurance will pay for damage caused to your car up to the fair market value of your vehicle. Collision coverage typically comes with an insurance deductible, which is the amount you pay toward any repairs before your collision insurance kicks in to pay the rest. If you are willing to pay a higher deductible, collision coverage will cost you less.
Comprehensive Insurance (Other than Collision)
If your car is stolen, vandalized, or damaged by events such as flood, hurricane, theft, fire, windshield damage or any other disasters other than a collision, comprehensive insurance will cover these damages. Like collision, comprehensive coverage will pay up to the fair market value of your car, less your specified insurance deductible. Comprehensive insurance is not legally required by any state, but you will likely need it if your car is financed.
Every driver’s auto insurance needs are unique – talk to us today at The Fite Agency to learn about your options, and find out how you can get the best price and value on auto insurance.
