Auto Insurance Information
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. You agree to pay the premium and the insurance
company agrees to pay your losses as defined in your policy.
Auto insurance provides property, liability and medical coverage:
- Property coverage pays for
damage to or theft of your car.
- Liability coverage pays for
your legal responsibility to others for bodily injury or property damage.
- Medical coverage pays for the
cost of treating injuries, rehabilitation and sometimes lost wages and
funeral expenses.
An
auto insurance policy is comprised of six different kinds of coverage. Most
states require you to buy some, but not all, of these coverages. If you're
financing a car, your lender may also have requirements.
Most auto policies are for six months or a year. Your insurance company
should notify you by mail when it's time to renew the policy and to pay your
premium.
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 or your car is
responsible for damage or injury to others, you may be sued for much more
than you're worth.
- Not only is having insurance a
prudent financial decision, many states require you to have at least some
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 is the insurance company's
level of service and ability to pay claims?
- What discounts are available?
(Ask about good driver, multiple policy and student discounts.)
- What's the procedure for filing
and settling a claim? (Ask who to call and what happens after you file a
claim.)
Thank you for your interest in Whitten Insurance
Agency, Inc. We work hard to provide individual service to all our
customers. Please feel free to call our office at 580-255-8700 or stop by
the office at 1208 West Main Duncan, OK to speak to an insurance agent