Why Buy Auto Insurance?

Why do you need auto insurance? Well first of all, all drivers in the United States are required to have insurance. Without it, the state holds the right to impound your vehicle; withhold your registration or even cancel your driver’s license. But there are two main types of auto insurance coverage – basic and extended coverage. Basic coverage can be cheap, but unfortunately you may get what you pay for.

Basic coverage is often called state mandated auto insurance. States require all motorists to carry two forms of insurance –property liability and bodily injury liability. While property liability covers damage you make to other people’s property in an accident, bodily Why do you need auto insurance? Well first of all, all drivers in the United States are required to have insurance. Without it, the state holds the right to impound your vehicle; withhold your registration or even cancel your driver’s license. But there are two main types of auto insurance coverage – basic and extended coverage. Basic coverage can be cheap, but unfortunately you may get what you pay for.

Basic coverage is often called state mandated auto insurance. States require all motorists to carry two forms of insurance –property liability and bodily injury liability. While property liability covers damage you make to other people’s property in an accident, bodily injury liability covers injuries to other people in the same accident. However the insurance minimums in New York are $25,000/$50,000 for injury, $50,000/$100,000 for death and $10,000 for property damage. What happens if the other party sues you for more than that? The insurance company defends you, but the excess over your limits is out of your pocket. That’s why having just the minimum is cheap, but not exactly what you pay for.

Extended coverage starts with increased limits over the minimum coverage. Now that’s simply a smart move to protect you and your family against a devastating lawsuit over an accident. Along with increased limits, we also protect you and the ones you love with other peace of mind auto policies:

  • Collision – Repairs damage to your vehicle in an accident.
  • Comprehensive – Protects your car against non-accident damage such as damage from hail, fire, flood or even vandalism
  • Uninsured/Underinsured Motorist Coverage – Protects you against claims from people with little, or no, auto insurance needed for damages to you, your family and your vehicle.
  • Medical Payments Coverage – Covers the medical needs for you and your family when in an accident.
  • Gap Coverage – Pays the difference between the cash value of your car and the outstanding loan/lease on the vehicle in the event the vehicle is totaled in an accident.
  • Towing/Roadside Assistance – Provides you and your family the peace of mind in the event of a breakdown or auto failure along the road.
  • Rental Reimbursement – Provides coverage when your vehicle needs to be repaired for an extended period of time due to a covered accident.

When considering an insurance coverage, remember to factor in possible exclusions and deductibles. Your knowledgeable Kingsbridge Insurance Brokerage professional will be able to factor in all the necessary components to achieve a convenient auto insurance relationship that fits your needs, and your budget.