Car Insurance in Jefferson, GA, Athens, GA, Monroe, Commerce, Elberton & Surrounding Cities

Car Insurance in Greensboro, GA, Athens, GA, Monroe, GA, Commerce, GA, Elberton, Loganville,

Types Of Car Insurance Policies You Should Know About

Griggs Ficklen Insurance provides car insurance in Jefferson, GA, Athens, GA, Monroe, GA, Greensboro, GA, Commerce, GA, Elberton and surrounding regions.

Understanding the different types of car insurance policies is crucial for ensuring that you have the right coverage to protect yourself and your vehicle in various situations. These are six key types of car insurance policies you should know about:

  1. Liability Insurance: This is typically the minimum coverage required by law in most states. Liability insurance covers damages and injuries you cause to others in an accident. It includes both bodily injury liability (covering medical expenses, lost wages, and legal fees for the other party) and property damage liability (covering repairs or replacement costs for the other party’s vehicle or property).
  2. Collision Insurance: Collision insurance covers the cost of repairing or replacing your vehicle if it’s damaged in a collision with another vehicle or object, regardless of who is at fault. This coverage is important for protecting your own vehicle and is often required if you have a car loan or lease.
  3. Comprehensive Insurance: Comprehensive insurance provides coverage for damage to your vehicle from non-collision events such as theft, vandalism, natural disasters, and falling objects. It’s sometimes referred to as “other than collision” coverage and offers protection against a wide range of risks.
  4. Personal Injury Protection (PIP): PIP insurance, also known as no-fault insurance, covers medical expenses and lost wages for you and your passengers regardless of who is at fault in an accident. It may also cover other expenses like childcare or funeral costs, depending on your policy.
  5. Uninsured/Underinsured Motorist (UM/UIM) Coverage: This type of insurance protects you if you’re involved in an accident with a driver who doesn’t have insurance (uninsured) or doesn’t have enough insurance to cover your damages (underinsured). UM/UIM coverage can help pay for medical bills, vehicle repairs, and other expenses in these situations.
  6. Gap Insurance: If you’re leasing or financing a car, gap insurance can be valuable. It covers the difference between the amount you owe on your car loan or lease and the actual cash value of your vehicle if it’s totaled in an accident. This ensures you’re not left with a financial gap to cover out of pocket.

Understanding these types of car insurance policies can help you make informed decisions when selecting coverage that best fits your needs and budget. Kindly call us without hesitation.