Auto Insurance isn't just a good thing to have to protect you financially in the case of an accident - in many states, it's required. At APIA Insurance, all of the insurance companies we represent provide a wide range of auto insurance products at a fair price. Your price gets even better if you qualify for any of our available discounts.
We Offer (but are not limited to):
When applying for auto insurance, you're usually asked whether you want collision and/or comprehensive coverage, how high you want your deductible to be, what liability limits you want, and whether you want any types of optional coverage. We can help you understand what these terms mean, determine how much coverage is right for you, and find a fair price with low monthly payments.
The first thing you need to understand about an insurance policy is that you will be required to pay a premium and to meet a certain deductible before your insurance company will take on any financial responsibility for a claim.
A premium is the cost of buying an insurance policy for one year's worth of coverage (12 months). Because auto insurance can range from a couple hundred to a few thousand dollars depending on a variety of factors, it is generally paid as a lump sum (all at once) or in monthly installments. If you were to cancel your insurance before the end of the policy term, you would only be financially responsible for the time that you actively carried coverage and would be credited for any overpayments.
A deductible is a specified amount of money that you, the insured, must pay out of your own pocket before your insurance company will pay a claim. Generally, the higher your deductible, the lower your premium.
Collision and comprehensive (other than collision) coverages
Collision and Comprehensive (other than collision) coverages pay for damage to your automobile. You can purchase either or both of these coverages for each vehicle you own. If you have an auto loan you may be required to purchase both.
Collision and comprehensive coverage usually includes a deductible, which can range from $100 to $1,000. If your car is damaged, the insurance company pays only for the damage in excess of the deductible you selected. The higher the deductible, the lower the premium.
Liability coverage pays for injuries you cause to other people and damage you cause to other people's property when you are at fault in an automobile accident.
Medical Payments coverage
Medical Payments coverage pays medical expenses (up to a specified dollar limit) for you and passengers of your car who are injured in an automobile accident, no matter who is at fault. If you and your passengers have health Insurance, you may not need this coverage.
Personal Injury Protection
Some states require Personal Injury Protection, which is also known as No-Fault coverage. This coverage pays for things like medical and rehabilitative expenses, replacement services, and funeral expenses. It also pays for loss of income if you are injured in an auto accident and are unable to work.
Uninsured/Underinsured Motorist coverage
This coverage pays if you are injured by a person who is completely uninsured or doesn't have enough liability Insurance to cover your injuries. It also covers you if you are in an accident with a hit-and-run driver.
Optional or special coverage includes extras such as towing, rental reimbursement, and roadside assistance. None of these coverages are required.
How much auto insurance coverage do I need?
Choosing the appropriate level of auto Insurance coverage depends on a number of factors, including assets you must protect (liability coverage), the value of your vehicle (collision and comprehensive), the amount of money you can afford to pay out-of-pocket (deductibles), and your tolerance for risk.