What is auto insurance?
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company.
Auto insurance provides property, liability and medical coverage:
- Comprehensive and Collision coverage pays for damages or theft of your car.
- Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
- Personal Injury Protection (No-Fault) pays for the cost of treating injuries, rehabilitation, lost wages and funeral expenses.
Why do you need auto insurance?
It's really all about protecting yourself financially.
- If you're in an accident or your car is stolen, it costs money, often a lot of money, to fix or replace it.
- If you or any passengers are injured in an accident, medical costs can be extremely expensive.
- If you are responsible for damage or injury to others, you may be involved in a financially disabling lawsuit.
- Not only is having insurance a prudent financial decision, Minnesota state law requires you to carry Liability coverage.
Questions to ask your agent
Your Independent Agent is an advocate for finding auto insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:
- How much can you afford to pay if you get in an accident? (To keep premiums low you may want to have a higher deductible and be willing to pay more for repairs.)
- What discounts are available? (Ask about good driver, multiple policy and student discounts.)