Auto insurance for your personal vehicle is a given, right? Not necessarily. Just because the law requires you to have it doesn’t mean that everyone does. You may value your property and your life, but other drivers may not. Purchasing the best personal auto insurance not only helps you stay a law-abiding citizen, but it also helps you save money and protect yourself and loved ones in the long run. See why you really need personal auto insurance and how Wilson Insurance can help you get the very best coverage in North Carolina.Go to Auto Insurance Checklist
You’re a safe driver, so why would you need coverage for accidents? Because not all drivers are safe drivers and what’s worse is that not all drivers purchase auto insurance. Even if you think you’re safe, here are some statistics that may make you take a second thought before cutting corners on your insurance.
And most of these accidents are a result of circumstances that could have easily been avoided, like drunk driving, speeding and reckless driving.
In a nutshell, personal auto insurance is a contract between you and an insurance company stating that you’ll be covered financially if you’re ever in an auto accident. Depending on what type of policy you agree to, your policy covers things like:
The extent of your coverage and how much insurance will pay if any of these things occur depends on multiple factors such as what type of insurance you have and what your deductibles are.
Distracted driving is another reason you should be worried about auto accidents. Talking on a cell phone, texting while driving and just not paying attention in general are types of distracted driving, and they result in some serious accidents. Here are a few more stats to consider:
By finding the best auto insurance policies, you can help avoid the costs associated with accidents should they ever happen to you. But how do you know what type of personal auto insurance you need?
Part of ensuring you have the proper protection against accidents and other circumstances is understanding what types of personal auto insurance exist. Car insurance covers financial protection for three basic things: property, liability and medical costs. Here’s how those three coverages break down:
Here’s what you need to know about the main types of car insurance and what they each cover.
This is the type of personal auto insurance that most people are familiar with because it’s the one that most states require car owners to carry. Liability insurance covers:
Most states require you to carry a minimum amount of liability coverage, but it’s a good idea to go above the minimum if you can afford it. Doing so will provide you with extra protection just in case you have an accident and you are found at fault. It also decreases the risk of paying large amounts in damages because your policy limit was exceeded, which is easy to do when you only purchase the required minimums.
If you have a lienholder, which usually means you’ve financed the purchase of your car, collision coverage may be required. For covered accidents, collision coverage pays for the repairs to your car. If your car is totaled in an accident (where the cost to repair it exceeds the value of the vehicle) collision coverage will pay for the value of your car so you can replace it.
Savings Tip: Unless required, consider the value of your vehicle before deciding on collision coverage. Older cars may not be worth carrying collision coverage on while newer cars may benefit from adding extra collision coverage. Wilson Insurance Services can help you decide!
This type of coverage gives you extra peace of mind for damage unrelated to accidents - things like weather damage, hitting an animal, or if your car is stolen. It’s also another type of auto insurance that lienholders usually require. Liability and collision coverage only cover accidents, but comprehensive coverage takes care of the other unexpected situations.
Savings Tip: Using anti-theft and vehicle tracking devices can reduce your insurance premiums and make comprehensive coverage more affordable. Let Wilson Insurance help you determine if you qualify for additional discounts!
Remember all those accident statistics presented above? You don’t have to be in an auto accident to see how quickly medical bills can add up, but here are a few more statistics you might want to consider before making a decision about personal injury protection. According to the Center for Disease Control and Prevention:
With personal injury protection coverage, your medical bills along with those of your passengers will be paid, no matter who is at fault for an accident.
Savings Tip: It isn’t just your car you should think about protecting. Most accidents result in some kind of injury. Consider the cost of potential medical bills before you decide against personal injury protection.
This type of auto insurance coverage is what you need in case you’re in an accident caused by an uninsured or underinsured driver. Even if the other driver is insured, they may only have the required liability insurance, which may not cover all the expenses incurred by an accident or crash. When the accident is their fault, their insurance makes any payments due to you but that doesn’t mean it will cover all the costs. Uninsured/underinsured motorist protection helps you cover what their insurance doesn’t.
Savings Tip: It's usually relatively inexpensive to add uninsured/underinsured motorist protection to your car insurance policy, especially considering the amount of protection it offers.
A deductible is the amount of money you are responsible for paying on incurred costs before your insurance coverage starts paying its part. As a general rule, the higher your deductible, the lower your premiums. But saving money up front may mean you’ll pay more if you do end up in a car accident. So, it’s a fine balance when deciding how low or how high you should go with your deductible. But Wilson Insurance Services can help you make the best decision for your insurance needs.
Savings Tip: While higher deductibles can save you money, there are multiple discounts that may also help you save money on premiums. Let a qualified insurance agent at Wilson Insurance help you find all the discounts you qualify for! decide against personal injury protection.
Auto insurance doesn’t have to be expensive, but you also don’t want to sacrifice the coverage you actually need for the price you want. At Wilson Insurance, we offer several ways to help you save money while providing you with the quality coverage you deserve. Here are some of the options and discounts you may want to consider.
We’re ready to serve you! Becoming a Wilson Insurance Policyholder is as easy as a simple click or phone call. Just fill out our simple quote request and one of our qualified representatives will contact you within 24 hours with an auto quote, homeowner’s quote or a quote for both. You can also find our contact information here to speak with someone to get started right away.
While we are happy to speak with you personally and help you out, we understand that your time is valuable. Wilson Insurance makes it easy for you to make changes and update your policy online at your own convenience. Here are some of the forms and services you can access to request policy changes on an existing account.