Teen auto insurance


Bryan : I am a college student and I do have a college student auto insurance. I am looking for the best car insurance rates and do go online for teen auto insurance quotes. However, I donot know the basics of auto insurance so I need help.

Response : Bryan, an excellect question and I am going to walk you through finding the best car insurance rates and cheap auto insurance quotes for college student car insurance. The key to this is first to know the basics of the auto insurance. So lets start with the car insurance coverages. I am going to explain the coverages in a very easy way so that you can easily remember and it will be easy for you to decide on the limits that you want to opt for these car insurance coverages :
There are basically the car or auto insurance coverage can be broken down into 4 scenarios. The liablity coverage is an auto insurance coverage which is mandatory in almost all states of USA. Some states have compulsory uninsured car insurance coverage.
1. Liability coverage : Liability insurance issubdivided into Bodily injury liablity and Property insurance liability.
a.Bodily injury liability (BI) coverage covers you if you cause an accident in which someone else is hurt or killed. State laws differ as to how much you are required to carry. Many financial experts recommend carrying at least $100,000 per person and $300,000 per occurance – commonly expressed as “100/300.” Consider what assets you have to protect and what you can afford before you decide to purchae this.
b.Property damage liability (PD) coverage covers you when you damage someone else’s property. Usually it’s someone else’s car, but it could apply to buildings, utility poles, garage doors, and other physical property. State laws determine the minimum you must purchase.
This is the coverage when you cause injury to someone else or damage to the property of someone else.
2. Uninsured/Underinsured motorist (UM/UIM) coverage covers medical and other expenses when you are hit by a driver without adequate auto insurance. Whether this coverage is mandatory or optional depends on your state laws. You can purchase additional coverage to pay for damage to your car if hit by an uninsured motorist, but many people instead just purchase collision and comprehensive.
Now coming to coverages which are not compulsory and are for your own benefit are :
3.Own damage car insurance coverage:
This are for your own car. There are two coverages which you can take for any damage to your car :
a. Collision coverage covers damage to your car if you run into another car, a brick wall, a fire hydrant, or other object. This coverage is not required by law, though your bank may require it if you have an auto loan. You may choose a deductible on this coverage—what you must first pay out-of-pocket for a claim before the insurance kicks in.
b. Comprehensive coverage covers you in case your car is stolen or damaged in ways that don’t involve a collision. Covered risks include hail, fire, theft, flood, earthquake, explosion, falling objects, and encounters with wildlife, such as deer. Comprehensive is optional coverage, though your bank may require it if you have an auto loan. You may choose a deductible on this coverage.
Coverage for your own injury and the passengers of your car :
4.Medical payments coverage (Med Pay, or MPC) acts as primary coverage for medical expenses you and your passengers incur if injured in a motor vehicle accident, regardless of fault. States have different laws regarding this coverage.

Once you understand this, the rest of the auto insurance would be very easy to understand. What is it that you are buying is the most important thing to consider for getting the best car insurance rates, especially for college student auto insurance since this is a crucial stage in your life, where money is not to be squandred.
More again.
Thanks.
Kamlesh.



Teen auto insurance