Car Insurance Explained, & What to Do After a Car Accident!

Your car insurance protects you from a huge financial loss. Basically, you pay a premium monthly usually to your insurance company and in exchange if you get into a wreck the insurance company will help you cover your losses.

Car insurance includes three different types of coverage:

1). Property which will pay if your car is stolen or damaged.

2). Liability which pays for legal obligations to others for bodily injury or property damage.

3). Medical which pays for hospital bills rehabilitation and sometimes lost wages or funeral expenses.

Part Two – Money Matters

So, how much coverage should you get well that depends on different things. Such as your car’s value whether you own the car outright and how much in damages you could afford to cover out-of-pocket on your own.

Naturally your monthly premium will vary depending on your amount of coverage. Like for instance it costs more to insure the elector mobile than it does to say cover mr. Bean’s little mustard yellow car that’s the way of the world Kid.

Pay your car insurance premiums

Also, don’t you forget it very important note just because you pay premiums. That doesn’t mean you’ll pay nothing when you get into a wreck most. Likely you’ll have something called a deductible the deductible is the amount of money that you have to pay before your insurance starts kicking in.  So, let’s say you total your $5,000 car in a wreck and your deductible is $1,000. That means, you are going to pay the first thousand dollars to get your car replaced and your insurance will pay the remaining four thousand in the good.

Old US of a nearly all states require that you have car insurance. If you’re going to own or drive a car so it’s super important to get it also the remaining states still require that you prove that you could afford to cover all damages. If you get into a wreck so basically for the privilege of not paying a monthly premium on insurance you’re gambling potentially hundreds of thousands of dollars if not more so we would say crowd get insured.

Part Three – How to get insured?

This is actually really simple you can get quotes online or over the phone. Very quickly from dozens of competitors the insurance company will need a bit of information about you and your car. They also likely run a credit reports and look up your accident history. Once you get a quote you like you’ll start paying premiums and they will send you your insurance card. Which you should keep with your car at all times.

Part for that colossal wreck boundless and bare PS the first person to tell me, what that quote is from in the comments is officially an awesome adult step one post-accident. If you can get your car and yourself off of the road and into someplace safe. If you cannot move your car leave it there but make sure you get out of the dangerous situation. Your insurance company will pay to get a tow truck to take your car away either way though put on your Hazards. If you have any of those reflectorized triangles be sure to put those out.

If you have one of those road flares careful because they’ll burn you. They’re not just like fun with they’re not a glow stick for crying out loud who learned his lesson the hard way. Do not offer any apologies or explanations for what caused the wreck they could be used against you in future legal proceedings. Step two should you call the police we recommend that you do admittedly it is not illegal to not call the police but to quote US News and World Report’s.

Even if no one is hurt if there’s real damage and insurance companies will soon do battle. It’s a good idea to call 911 action from the federal government’s website 9-1-1 gov which recommends calling after a car crash especially. If someone is injured if you call 911 precincts and bring in a neutral third party to document the accident. You’ll be doing yourself a favor it’s true that it might take a little while for the police to get there. If you live in a big city or they’re just like super busy that day but still we recommend erring on the side of caution and calling them and either way you’re going to have to file an accident report to the police more info in the doobly-doo.

Step 3 gather the other driver’s information and volunteer your own you should write down these things. If you’ve called the police you should get their phone number their badge number their name, number of the police report and request a copy of the police report having all

of this info will save you a lot of headaches.

In step four file a claim after the scene is cleared call your insurance company immediately to start the claims process. Your insurance card should have a 24-hour phone number on the back of it and your insurance agent should call you within one business day to help you with the claim your insurance. Agent should also be able to help you basically every step of the way throughout the process after an accident that. You are deemed responsible for it’s possible that your premiums are going to go up that’s because the insurance company sees you as a riskier investment.

However, this is not for certain because a lot of different companies have different policies on rate increases. So, just know that it might vary for a lot of people driving is a big part of adulthood and it is a huge responsibility basically you’re piloting a two-ton missile. So, drive sober put down your phone and maintain legal speed limits that way you’ll be avoiding the three.