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Having auto insurance means you aren’t on the hook for damages when you have an accident. This is true with a few exceptions. Keep reading to find out more about 20 times when you’re not covered by personal auto insurance.
Auto insurance is an important coverage and is mandated by law in most states. While auto insurance will cover most types of losses you might experience, there are a few situations that are excluded from coverage. Here are some common auto insurance exclusions:
Any time you use your auto in the course of operating a business, whether it is a home business or your employer’s business. You will need to purchase commercial auto coverage. Here are a few examples of times you will need to buy commercial auto insurance.
Optional auto coverage, sometimes call policy riders, is available to you even though each type of coverage may not be required. Depending on what state you reside in, some types of coverage may be mandatory for your particular state.
Here are some examples of optional auto insurance:
These are only a few examples of optional coverage. For a complete list of optional auto coverage, contact a local insurance agent or company representative.
When shopping for auto insurance, be sure to take advantage of any available discounts to get the best deals. If you have both home and auto insurance, you may be eligible for a discount if you combine the two policies. You may also be eligible for the following discounts:
Additionally, you can save money by comparing your coverage options and selecting a higher deductible for full-coverage auto insurance (comprehensive and collision). Increasing your auto insurance deductibles, for example, could save you at least 10% on your auto insurance premium.
To determine whether you qualify for any auto insurance discounts, contact your insurance provider. To ensure you always get the best car insurance rates, be sure to shop around for auto insurance to compare pricing and coverage options.
You should do your research and look around for the best value on car insurance. Compare different types of coverage and think about how much each type of coverage costs. The goal is to get the best coverage for the least amount of money. Benzinga has put together a list of the best car insurance companies so you can find the best deal on auto insurance.
Allstate is one of the largest insurance companies in the country, and it’s been around for 90 years. That means it’s secure and able to pay your car insurance claims. That doesn’t mean it’s stodgy, though. It has introduced innovations like Drivewise, which allows you to save on your insurance based on your driving habits, and Milewise, which is pay-per-mile insurance.
You can purchase insurance online or through an Allstate agent. Allstate offers several options for discounts that can bring down your policy costs significantly. It also offers several types of insurance so you can have all or most of your policies with 1 insurer.
Overall, Allstate is a good choice and worth comparing with other insurers to see if it’s right for you. It’s available in all 50 states and has an A+ rating from AM Best.
The AARP Auto Insurance Program from The Hartford is designed exclusively for AARP members who are at least 50 years old. Some of the unique features of the program can help you save money on your policy over time, especially if you have and maintain a clean driving record.
Other stand-out features include new car replacement (rather than the depreciated value), reimbursements for expenses incurred if you get injured in an accident and lifetime repairs guarantees.
The AARP Auto Insurance from The Hartford is rated #1 by J.D. Power and Associates for customer satisfaction in handling auto insurance claims.
Progressive auto insurance is among the first of the larger insurers to actively embrace usage-based insurance via electronic monitoring of driving habits. Often a refuge for younger drivers and drivers who have been refused insurance elsewhere, progressive markets and supports its insurance products through its website and a network of independent agents.
The American Automobile Association (AAA) is a federation of auto clubs, and it offers a wide range of insurance options, including car insurance. It is the most trusted and familiar name in auto-related services. The company has come a long way since its founding, but the mission remains the same.
Safe and efficient transportation is exactly what AAA commits to per the company’s core statement. AAA is probably best known for its roadside assistance, but the company offers a variety of insurance coverage and memberships as well. AAA strives to make your life easier with its insurance coverage for you and your family. Your safety and security is AAA’s priority.
Your auto insurance score tells insurers how likely you are to file a claim. Several factors, including payment history, quantities owed, length of credit history, new credit and types of credit, are used by the insurer to decide your vehicle insurance rate.
Auto insurance is expensive enough. Car insurance prices are higher for high-risk drivers with fines and bad credit. Consider taking a safe-driving course and improving your credit rating. Before you know it, you’ll be qualifying for lower vehicle insurance premiums.
Benzinga crafted a specific methodology to rank car insurance. We prioritized carriers based on policy offerings, state availability, customer service and claims, quote and discounts available. We also included car insurance quote aggregators in lists to make it easy and efficient to compare policy quotes and options. To see a comprehensive breakdown of our methodology, please visit see our Car Insurance Methodology page.
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