Every state in the US, with the exception of New Hampshire, requires drivers to carry liability car insurance for their vehicle. The California Department of Motor Vehicles’ regulations require every car to have coverage for injury or death to one or more people, and coverage for damage to property, as well. But, with car insurance advertising everywhere, all the time, it’s easy to be swayed into low coverage with cheap rates and a quick sign up.
Don’t become a victim to Orange County car insurance scams and barely-there coverage. ERM Insurance brokers can help you find the best deal and coverage on Irvine car insurance to accommodate your individual needs. For details on general car insurance, read more here.
Car Insurance is an umbrella term encompassing general and specific types of coverage you gain within your overall policy. General coverage includes Property Coverage, Liability Coverage, and Medical Coverage. Damage to, or theft of, your car is paid for through Property Coverage. In the unfortunate incident that others receive bodily harm or property damage as a result of your car accident, your legal responsibility to them is insured through your Liability Coverage. Medical Coverage will compensate for any medical bills incurred by yourself and passengers as a result of accident injuries, regardless of who is at fault.
It’s important to familiarize yourself with other forms of coverage that are not included in the basic package, in case they apply to your lifestyle. Say you’re financing or leasing a car. In the event of an accident, basic insurance will only cover the market value of the vehicle. This leaves you responsible for paying the extra interest you owe on the car to the bank out of your own pocket. Guaranteed Asset Protection, or GAP Insurance can save you from this. It covers the difference between the amount borrowed and the cost of the car’s value, and is sometimes required by the lender. Read more about Gap Insurance here.
Collision Coverage is another asset that will protect you in the event of an accident. It will cover the cost of repairs on your damaged vehicle, and steps in to replace your vehicle should it be beyond repair, or totaled. This is an essential addition to your insurance plan if you end up owing more on your vehicle than it’s total worth.
Comprehensive Coverage is another additional asset to your plan and, as the name says, it is extra coverage for a comprehensive insurance plan. Because this type of coverage for your vehicle is for very specific reasons, it has many limitations and should be reviewed thoroughly. Comprehensive Coverage protects you in the event your car is damaged by an unknown party, or by an “Act of God.” This way, you can get money back for what your vehicle is worth at the time of wreckage, and glass courage is included in this, too.
Personal Injury Protection and No-fault Coverage will compensate for the medical expenses of the driver and passengers, and covers funeral expenses, if needed. This coverage is required in these 18 states:
- Maryland (unless a waiver is signed at initial purchase of the policy)
- New Jersey
- New York
- North Dakota
- Washington (unless a waiver is signed at initial purchase of the policy)
- Texas (unless a waiver is signed)
As far as automobile insurance coverage goes, you only can protect yourself and your loved ones from others, you can’t predict what other drivers will do. Uninsured or Underinsured Motorist Coverage will compensate for medical bills if you are hit by a driver who has inadequate coverage. It will also cover your medical expenses in the case of a hit and run. Collision insurance alone will not provide this type of coverage in the following states:
If you rent a car, and it gets lost or stolen, Rental Reimbursement Coverage pays for the rental car. If your car breaks down, Towing and Labor Coverage are available to cover whatever assistance you may require.
Because new drivers have a higher risk factor for accidents, insuring teen drivers can be expensive. Allow our Irvine car insurance brokers work to find you the best deal on the coverage you need for your teen drivers. Refer to our page on managing the cost of insuring your teen driver here.
Finding coverage for your classic, antique, or collector’s car has a whole set of considerations separate from insuring an everyday vehicle. From Car Show Expense Coverage to Spare Parts Coverage, our Irvine car insurance brokers want you to be aware of what policies are available for your prized collector’s car. View a description of the various policies ERM Insurance brokers can find you to compliment your classic car coverage here.
The ERM Insurance experts are here to guide you through the process of finding what automotive insurance coverage is right for you. Let our brokers fin the best in Irvine car insurance for your specific needs. Don’t hesitate to call us with questions or concerns at (949)222-0444, and see the difference in our personable, knowledgeable team at ERM.