Buying car insurance can bring up a lot of questions. It’s not always easy to know what kind of coverage you need and in what amounts. The actual practice of buying insurance is simple enough but understanding what it all means takes some work. There are some things that every driver should know about car insurance.
Some States Don’t Require Insurance
It may be surprising to learn that Virginia does not require insurance if the driver pays a fee of $500 while paying the typical registration fees. New Hampshire also has no requirement of auto insurance. If you do not have insurance, you will be required to pay for any damage or injury you cause. If you don’t, your license will be suspended.
Red Cars Don’t Cost More in Insurance
There are myths about certain car colors leading to higher insurance rates, but it’s not accurate. What does determine your rate is your gender, age, choice of vehicle, credit rating, marital status, and address. The insurance company will also look at your driving history and see how your neighborhood is.
Your car insurance provider in Chicago will want to know how you use your car to determine the rate. If your car is used for Uber or other business tasks, you may not be covered while on the job. This is something you should talk through with your agent to be sure you’re covered on all fronts.
Insurance isn’t Everything
Not every type of problem is going to be covered by insurance. There are seven different types of car insurance coverage which include bodily injury liability, property damage liability, medical payments, collision, uninsured, comprehensive, and underinsured. Make sure you get what you need so you’re covered in case something happens on the road.
The Deductible
A deductible is the amount of money that you have to pay toward any injuries, damages, and repairs because of an accident. Usually the amount of the deduction varies depending on monthly payment. Lower monthly payments often have a higher deductible and vice versa.
Car Insurance Provider in Chicago
Great Northern Insurance Agency, Inc. is a professional, established insurance company based in Chicago. We offer all sorts of auto insurance, including SR-22. If you are looking for coverage for your automobile, we’d be happy to set you up for a quote, free of charge. All you need to do is give us a call at 773-838-3900. To know more about automobile insurance Here.
