While auto insurance will not keep you from getting into an accident, it will help lessen the burden that comes with it. There are different auto insurance types, paying for different things.
While you might not require all of them, understanding them makes it easier to choose the best one, depending on your vehicle type and required coverage.
Liability coverage
This is the most common auto insurance required in Peoria, IL, and covers bodily injury and property damage liabilities for other vehicles and motorists or pedestrians involved in an accident with your car if you are at fault.
That means it covers medical expenses and repair or replacement costs for other vehicles and properties damaged during the accident.
Personal injury insurance
This insurance covers accident-related medical expenses and income losses for you and the passengers in your car, regardless of who caused the accident. It also pays for funeral expenses, rehabilitation costs, and services like child care hindered by the accident.
Collision insurance
If it is totaled or damaged in an accident with another vehicle or objects like guardrails, it covers your car. Some also cover damages from rolling over or hit-and-run accidents.
Uninsured motorist coverage
This insurance covers accident-related medical bills, lost income, and property damage if the driver who caused the accident is uninsured.
Underinsured motorist insurance
Mostly paired with uninsured motorist insurance, it comes in handy when the minimum coverage of the driver at fault does not offer enough coverage for you, your vehicle, and your passengers.
Comprehensive insurance
This covers your automobile if it is damaged or totaled by specific non-collision events like severe weather, falling objects, and vandalism.
Medical payments coverage
This insurance covers your and your passenger’s medical expenses regardless of who caused the accident.
Gap insurance
Vehicles depreciate fast, and auto insurance settlements might not cover your auto loan. Therefore, gap insurance helps cover the loan amount in case of car theft or loss.
Save-A-Lot Auto Insurance is a reputable and highly-ranked insurance company that offers advice on the best auto insurance. Learn more about them and purchase your auto insurance in Peoria, IL, today.
