Different Types of Auto Insurance Coverage
Reader’s Question:
What are the different types of auto insurance policies offered in Chicago Illinois and how do I decide the best type for my vehicle?
Rolly
Chicago, IL
There are a lot of vehicle insurance policies you can get for your vehicle. Some of the car insurance policies you can get for your car includes comprehensive car insurance, theft insurance, third party liability insurance, bodily injury insurance, and even auto glass replacement insurance.
Comprehensive insurance is a type of auto insurance which protects you against all sorts of accidents, from collisions to acts of nature like flood or typhoon. This is usually the most expensive type of auto insurance, although you can have complete peace of mind if you get this type of car insurance.
You can also get a theft insurance for your car to protect your vehicle and the things inside it. This is recommended if you usually stores valuables inside your vehicle. You can also get a bodily injury insurance which will pay for the medical expenses and other damages to a person who gets injured in an accident which you are at fault. Auto glass replacement is a minor type of auto insurance which pays for the replacement of your vehicle glass.
Liability only insurance, means it will just cover any damage you do to the other party vehicle, and it will not cover your vehicle. This is the cheapest coverage to get, but not available if you have a car loan or some kind of lien on your vehicle. Comprehensive is required if you do not own your vehicle out right.
Determine the best type of car insurance for your vehicle taking into consideration your budget and your vehicle’s needs.
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