Chesterfield MO Auto Insurance In A Nutshell
Auto insurance is something that every driver should have. A lot of people simply go and get a quote for the minimum that is required for Chesterfield MO Auto Insurance, and do not really pay attention to the kind of coverage that they are getting. It is important that you recognize the value of the car insurance coverage that you are getting. Alternatives Insurance® of Chesterfield can help you understand how much the right auto insurance coverage can protect you from the financial liability you will have to assume, if you should get into an auto accident. It is important to find out what kind of protection your auto insurance provides, understand your insurance needs, and make sure that the insurance protection you purchase will give you the best insurance coverage at the most affordable rate.
An auto insurance policy is a contract between you and the insurance company. The contract guarantees that the insurance company will pay up to the covered amount for necessary expenses resulting from named contingencies. Simply put, if you injure another person or damage their vehicle, your car insurance company would pay them up to the maximum amount stated in your contract for medical expenses or repair expenses.
There are many types of coverages available to you in an auto insurance policy. The following list will help you understand Chesterfield MO Auto Insurance, so you can make the right decision that meets your needs.
Missouri drivers are required to purchase and maintain minimum amounts of liability coverage. Liability insurance coverage is typically a required type of car insurance. Even in the rare state that does not require liability car insurance, you may find that having liability insurance is worth the financial security.
Liability insurance includes 1) Bodily injury coverage, which pays for injuries suffered by others in an accident you caused and 2) Property damage coverage, that pays for damage you cause to another person’s property in an accident.
UNINSURED MOTORIST COVERAGE
Missouri also requires drivers to hold uninsured motorist coverage for bodily injury and property damage. Liability insurance only pays for bodily injuries or property damage suffered by others when you are at fault in an accident. Your own injuries or property damage are not covered through liability insurance. So if your vehicle is damaged and you are injured in an auto accident that is not your fault, the at fault party is responsible for your damages. If the at fault party has no insurance, then your Uninsured Motorist Coverage will pay for your damages. In many cases where the at fault party has minimum auto insurance limits, it is not enough to cover all damages, so your Underinsured auto insurance coverage will pay the difference.
MEDICAL CAR INSURANCE COVERAGE
Medical coverage is an important auto insurance coverage. Also known as Med Pay, medical car insurance covers the costs (up to a limit) for injuries that you or your passengers may have when riding in and while loading or unloading the vehicle. You and your family may be covered as a pedestrian also.
COMPREHENSIVE AND COLLISION INSURANCE
Comprehensive Insurance Coverages, will help pay for repairs to your car when damaged by an event other than a collision. Although this coverage may vary between insurance companies, it generally covers damages from fire, theft, vandalism, hail, falling objects, animals or fowl, natural disasters, and all glass breakage. Collision Insurance Coverage will help pay for repairs to your car after it has been damaged in a collision–such as hitting another object.
Comprehensive and collision coverages are optional; however, more often they are typically required as part of a car loan or lease agreement. Think about this – when you cause an accident, what is your first thought? Of course, its if everyone is okay, but then you see the damage and wonder how you’ll pay for the other driver’s damage. If you have liability coverage, this will may cover all of those costs. However, if you only carry liability insurance, you could be left to pay for your own damages out of your pocket.
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Chesterfield MO Auto Insurance Options and Discounts
Insurance rates vary by many factors, and we highly recommend you to discuss the options with your Alternatives Insurance® of Chesterfield agent. One of the best ways to pay lower premiums for auto insurance is to take advantage of as many discounts for which you may qualify. For example, there are discounts for safe driving. If you’ve never been in an auto accident or have never been caught with a moving violation, you should qualify for safe driver discounts. Your age can factor in to your auto insurance premiums as well. If you’re between the ages of 16 and 25, you will have to pay higher auto insurance premiums anyway.
There are many optional auto insurance coverages, and some may qualify you for additional auto insurance discounts. These coverages include Glass Breakage Coverage, Emergency Roadside Assistance, GAP Insurance, and Rental Reimbursement Coverage.
As your life transitions, you should also review your auto insurance coverages. With all the variables in auto insurance rating tiers, you may not be protected properly or have the best price for the coverages you need. You should discuss any life changes with your agent, when any of the following occur. It could cost you more money in the long run, or you could receive substantial discounts.
These types of life changing events include:
- Changes in your employment
- Marital status
- Credit score (good or bad)
- More than 3 years since a Moving Violation
- Or recently received a Moving Violation
- Moved to a New Zip Code
- Purchased a new home
- Started a family
- Changed the Number of vehicles you own
Any of these events can change your insurance rates. You owe it to yourself to purchase the best coverage for the best price. Chesterfield MO Auto Insurance coverages have many components and rates vary from company to company. Sometimes insurance companies have better rates or offers in certain demographics. Just because your current carrier offered the best price 2 years ago doesn’t mean they are still the best buy.
In order to have the best coverage, you will want to talk with one of our experienced auto insurance agents about the types of auto insurance coverages that are right for you. If you don’t get the right coverage, you may be at risk for financial disparity, or you may be paying for coverage you do not need.
Call an agent with Alternatives Insurance® of Chesterfield anytime! We will shop top rated auto insurance companies and find the coverages you need for the best value!