Don’t Get Fooled By These Four Auto Insurance Terms

Don’t Get Fooled By These Four Auto Insurance Terms

There is no doubt insurance, and automobile insurance terminology can be confusing. It is one of the reasons talking to a real person, like one of our independent insurance agents, can be so beneficial. When shopping on your own however, knowing the real meaning behind some terms can be helpful and even vital in keeping you from making expensive mistakes. Here are four insurance terms you should fully understand.

State Minimum Coverage

Every state has some form of financial responsibility law for drivers. This usually means carrying automobile insurance is mandatory. These laws requite “state minimums” for the state you drive in. It is what it is, the MINIMUM your state requires. It is not the suggested amount, the best amount or even the most cost-effective amount. It is the MINIMUM your state requires to operate a vehicle. For most people, this is simply inadequate. Let one of our agents explain affordable options for you that may vastly improve your coverage and benefits.

Uninsured/Underinsured Motorist Coverage
Some people reject uninsured motorist coverage because somehow they’ve come to believe they are paying to insure someone else. Not true. Uninsured/underinsured motorist insurance protects you when another driver has no or too little coverage to fully pay for your injuries. Even if they are taken to court, they may not have the resources to pay your damages. Uninsured motorist property damage coverage is also valuable when you are in a collision with someone that does not have insurance and you do not have collision coverage on your vehicle. Many attorneys recommend the acquisition of uninsured/underinsured motorist coverage.

No-Fault Insurance

No-fault insurance doesn’t mean someone isn’t to blame for the responsibility of an accident. It does mean each person involved should have minimum coverage to pay for their own injuries. In no-fault insurance states, these injuries are covered by PIP (Personal Injury Policy).

Full or Comprehensive Coverage

The terms “full” or “comprehensive” coverage may lead you to believe you are covered for anything at anytime. These are more general terms describing the type of coverage not the amount of coverage or features like car rentals. Make sure you understand all the provisions and limits of your policy.

You may also believe that buying DIY insurance online may be able to save you money. The best way to save is to compare. That is where our independent insurance agents can help. They have relationships with a network of insurance companies who can deliver exceptional coverage at a price you can be comfortable with. Give them a try. Contact one of our independent automobile insurance agents today.


Leave a Comment

America’s Favorite Party Cities

September 24, 2021

Your First Business Experience

September 23, 2021

What Amount Would You Sue For?

September 22, 2021

Car-Focused Promotional Items You Don’t See Often Anymore

September 21, 2021

Things Around Your Home Are Multiplying!

September 20, 2021

Spooky Places in America

September 17, 2021

The Importance of an Exit Strategy

September 16, 2021

When is the Best Time to Shop for Auto Insurance?

September 14, 2021

Things Around Your Home Are Disappearing!

September 13, 2021

Sweet Facts About Candy

September 10, 2021

The Business of Business

September 9, 2021

Why is Life Insurance Least Expensive for Those Who May Need It Least?

September 8, 2021

What Impact Do Seatbelts Really Have?

September 7, 2021

Why Renters Insurance Is Important

September 6, 2021

Surprising American Cities With Exceptional Zoos

September 3, 2021

One of Your Most Important Assets: The Reputation of Your Business

September 2, 2021

The Value of Resilience and Flexibility

September 1, 2021

Vehicle Trivia: See How You Score

August 31, 2021

The Growing Popularity of HOAs

August 30, 2021

Five Places in America Where You May Wonder If You Are Even on Earth

August 27, 2021

The Art of Open-Ended Questions

August 26, 2021

How Long is…?

August 25, 2021

Some Things About Cars You May Not Have Known (or Even Thought About)

August 24, 2021

The Rising Costs of Building Materials

August 23, 2021

Are You Normal?

August 20, 2021

Who Is Your Business Really Competing Against?

August 19, 2021

Mr. Cheapo’s Bootcamp

August 18, 2021

The Interesting Story of the Inventor of the Automobile

August 17, 2021

Summertime Safety Tips

August 16, 2021

Ten Things About Florida You May Not Have Known

August 13, 2021

The Things You Do to Protect Your Business

August 12, 2021

Common Fears and How to Overcome Them

August 11, 2021

Getting the Most Out of Your Garage

August 10, 2021

Weird and Wild Weather

August 9, 2021

Five Unusual and Weird Tourist Attractions in the United States

August 6, 2021

Rejuvenating The Digital Presence of Your Small Business

August 5, 2021

The National Death Index: The Ways We Die

August 4, 2021

Notable Car Racing Themed Movies

August 3, 2021

Seven Dishes College Students Must Know How to Make

August 2, 2021

How Some Companies Built Brand Loyalty

July 30, 2021

Surprising Product Origins

July 29, 2021

Mathematics, Statistics, Odds and Life Insurance

July 28, 2021

Wow! I Wonder What THAT Costs?

July 27, 2021

Most Common At-Home Accidents

July 26, 2021

South America 101-: Interesting and Little Known Facts

July 23, 2021

Incredibly Successful Businesses Started by Women

July 22, 2021

The ABC’s of Policy Loans

July 21, 2021

Six Critical Fluids for Your Car

July 20, 2021

Increasing the Odds of Getting Your Rent Deposit Back

July 19, 2021

Tips to Making the Most Out of Your Garage or Yard Sale

July 16, 2021

Commercial Building Fires: The Five Top Causes

July 15, 2021

Keeping Important Documents Safe

July 14, 2021

Automobile Racing in America: A ‘Checkered” Past

July 13, 2021

Pool Safety Tips

July 12, 2021

Weird Facts About Our Presidents You May Not Have Known

July 9, 2021

What You Should Be Aware of When Starting Your Own Small Business

July 8, 2021

The Things You Do To Protect Your Family

July 7, 2021

What You May Not Know About Road Rage

July 6, 2021

The Slowly, and Not So Slowly, Evolving Modern Home

July 5, 2021

Five Largest Universities in The United States

July 2, 2021

Contact Us



Have A Question?

We have an answer. Call us at 1-303-745-0300
AI Agency LOGO

Like Us On Facebook!

2020 S ONEIDA Suite 203 DENVER, Colorado 80224


© Copyright 2021 A I AGENCY OF COLORADO INC  |   All Rights Reserved
Site by ICA Agency Alliance

2020 S ONEIDA Suite 203 DENVER, Colorado 80224

© Copyright 2021 A I AGENCY OF COLORADO INC  |   All Rights Reserved
Site by ICA Agency Alliance