Auto Insurance
As a driver in Texas, purchasing auto insurance can help you meet certain financial responsibility requirements. Beyond that, it allows you to worry less about the economic impact of unexpected incidents.
What Is Auto Insurance?
Auto insurance is a contract between you and an insurance company to provide financial assistance in case of an accident or other incident involving a car, depending on selected coverage. After a policyholder pays the premium, the insurer agrees to pay for certain damages, injuries or losses up to the policy limits. Auto insurance can encompass several types of coverage, each designed to address different aspects of driving risks.
How Does Auto Insurance Work?
When you buy auto insurance, you agree to pay a premium to an insurer. In exchange, they agree to pay expenses related to accidents, theft or other damage to your car, as outlined in the policy. If you experience a covered incident, you submit a claim to your insurer, who then evaluates the claim. If approved, they may compensate you for covered losses according to your policy terms.
What Does Auto Insurance Cover?
Coverage can differ between policyholders. Typically, an auto insurance policy may offer the following:
- Liability coverage may cover costs if you are liable for bodily injury and property damage to a third party.
- Uninsured and underinsured motorist coverage may compensate for damage or injury caused by an at-fault driver who lacks adequate insurance.
- Medical payments (MedPay) coverage may help you and your passengers pay medical expenses after a car accident.
- Personal injury protection (PIP) may help cover your lost wages, as well as medical expenses for you and your passengers.
- Comprehensive coverage may compensate for damage from incidents such as fire, theft and vandalism.
- Collision coverage may pay for damage from collisions with other vehicles or objects.
Discover More About Auto Insurance
Explore the many benefits that an auto insurance policy can offer you. Contact All-Integrity Insurance Agency LLC today for a custom car insurance quote.