About Different Types of Car Insurance

Series Summary

Car insurance helps to cover the cost of car repairs after an accident as well as medical bills stemming from an injury suffered in an accident. Insurance companies and independent agents offer a range of options in areas such as personal injury protection, property damage and collision coverage. Drivers can choose the amount of the deductible, which in turn determines the cost of the policy. A higher deductible translates to lower policy rates, but means the driver must pay more in the event of an accident. In this free video series on car insurance, an experienced insurance agent discusses how to purchase various types of insurance, such as collision and liability, and offers suggestions on how to determine coverage needs, as well as how to save money on auto insurance. Wondering how to get coverage for teenage drivers? Don't know if those new rims or that new stereo is covered? Watch this free video series and become a more informed policy holder.

Video Transcript

"If you're thinking about buying car insurance maybe I could help you. My name is James, I'm an insurance agent. I specialize in auto insurance. There's a couple of things that you want to take in to consideration when you're thinking about car insurance. If you want to just get the basic limits, that's PIP and PD, that's Personal Injury Protection and Property Damage. Most people get that when they just want to go to the motor vehicle and get their tag and be done with it. However, if you've got a car that either you have a lean or basically it's of value, you might want to think about getting comp and collision. That's where in the event that you are in a car accident, you have coverages after your deductible. Most people go with about a thousand dollar deductible, so the first thousand dollars is out of pocket, but then after that, the insurance company will pay for the damage. One other limit is called bodily injury and in the event that there was personal bodily injury, at least you would have coverage for that. So we highly recommend that you get the right coverages that you could afford. So, again, if you're thinking about buying insurance, auto insurance in particular, make sure that you're well covered."