The auto insurance policy protects you against financial loss if you have a car accident. General types of auto insurance coverage include property, liability and medical. Uninsured and underinsured auto coverage pays you and the other passengers in the car if the driver who crashed into your car has no insurance or has insufficient auto insurance.  Physical damage coverage pays to repair your auto if it is damaged in an accident.

Auto Insurance Discounts

These are some of the discounts you may be eligible for:

  • Safe Car Driver
  • Multi-Car Discount
  • Age 55 or Over
  • Passive Restraints
  • Anti-Theft Car Devices Discount
  • Auto Anti-Lock Brakes
  • Multi-Policy Discount
  • Auto Insurance Payment Plan Discount
  • Life Multi-Policy Discount
  • Auto Accident Prevention Course
  • College Student Car Discount
  • Driver Training
  • Good Student Discount

Auto Insurance Terms Explained

Accident report form:
Typically referred to as a police report, this report contains important information about an auto accident, such as circumstances, parties involved and citations given.
At fault:
This term refers to the degree to which you caused or contributed to an accident, or are “at fault,” determines whose auto insurance company pays what portion of the damages. The method by which this is determined varies from state to state.
Bodily injury coverage:
If you are at fault for an automobile accident, bodily injury coverage on an auto insurance policy pays the medical expenses and additional damages for which you are liable for other individuals injured in the accident.
Claim:
When you suffer a loss that’s covered by your insurance, such as an automobile accident, you submit a request to your auto insurance company to pay or reimburse you for expenses, damages and other financial obligations. By definition, that request is called a claim.
Claims adjuster:
a representative of an auto insurance company who investigates and settles claims to ensure that all parties – you, your auto insurance company, and anyone else involved – receive fair compensation
Collision coverage:
This term refers to coverage that pays for physical damage to your vehicle caused by rolling over or a collision with another vehicle or object, such as a building, fence or telephone pole.
Comprehensive coverage:
This term refers to coverage that pays for damages to your vehicle resulting from a covered loss other than a collision, such as fire, theft, vandalism or contact with persons, animals, birds or falling objects.
Covered loss:
any damage to yourself, your vehicle, or other people or property that is covered under your insurance policy
Deductible:
the portion of a covered loss for which you are responsible, as opposed to the portion your insurance company pays. Higher deductibles allow your insurance company to offer you lower premiums, as you assume a higher degree of risk.
Endorsement:
any change, addition or optional coverage added to a policy after it’s issued or renewed. These include adding a new vehicle or driver, changing your address, adjusting limits and other modifications.
Exclusions:
specifically identified situations that are not covered by your auto insurance policy.
Liability coverage:
this term refers to coverage for damages your auto causes to others and their property
Medical payments coverage:
This term refers to coverage that pays for reasonable medical expenses or death benefits to yourself or anyone covered under your policy in the event of an auto accident, regardless of fault.
Motor vehicle report (MVR):
a state record of licensing status, violations, suspensions, and other infractions you’ve had over the last several years. The MVR is one of many factors used by your auto insurance company to fairly determine your premium, based on the probability that you’ll have a claim in the future.
Premium:
the amount you pay for your insurance coverage; can be paid monthly, quarterly, yearly or according to different payment plans that you select.
Policy:
a written agreement between you and your auto insurance company that details what the company will cover, contract conditions and provisions and the amount you’ll pay for your coverage.
Road service:
If purchased, this auto insurance coverage will reimburse you for reasonable towing costs and labor costs at the site of breakdown when a covered vehicle is disabled.
Underinsured motorist coverage:
This term refers to coverage that pays for your bodily injury and related medical expenses when you’re injured in an automobile accident and the responsible party (other than yourself) doesn’t have adequate auto insurance.
Uninsured motorist coverage:
This term refers to coverage that pays for your bodily injury and related medical expenses when you’re injured in an automobile accident and the responsible party (other than yourself) doesn’t have auto insurance or can’t be located (hit-and-run).
Vehicle identification number (VIN):
your vehicle’s serial number assigned by the manufacturer. The VIN identifies year, make, model, options and other information that, by definition, is unique to your specific vehicle.