Many drivers make the mistake of driving while uninsured, or not choosing adequate coverage options. If your car is damaged or destroyed by fire, theft, accident or any other covered events, having a good auto insurance policy will get you back on the road in no time. Additionally, if you incur medical and/or legal expenses as a result of injury, loss of life or damage to another person or property caused by an accident involving your vehicle, auto insurance coverage can protect you from financial harm.
So, what exactly is auto insurance? An auto insurance policy is a contract between a driver and an insurance company, which allows the insurance company to provide financial protection to the insured driver, who in turn, pays a set premium fee for the coverage.
At the Fite Agency, we can insure more than just your car. We provide coverage for your motorcycle, classic car, RV, boat or jet ski, ATV and more! Contact us today for more information.
Auto insurance requirements vary from state to state. In the state of Texas, you must, at a minimum, have liability insurance in order to drive.
We provide auto insurance in Rowlett, Texas and can help you determine which insurance policy is best for you depending on where you live.
Even in states where coverage is not required, drivers are required by law to pay for any losses they may inflict on others. Having auto insurance is the best way to comply with the law and protect both parties in the event of a loss. To finance a car, it is typically required that you have insurance that covers damage to your vehicle.
This includes:
Collision Insurance
If you are in an accident, collision coverage will pay for damages caused to your vehicle. Standard collision coverage will reimburse you for any damages up to the fair market value that your car is worth. The fees for collision coverage typically come in the form of an insurance deductible, which is the amount of money you pay towards any future repairs before your collision insurance coverage begins. The higher the deductible you’re willing to pay on the onset, the less your collision coverage will cost you.
Comprehensive Insurance (Other than Collision)
Comprehensive insurance covers any damages done to your car in events other than collisions such as theft or vandalization. These qualified events typically include hurricane, windshield damage, theft and fire. Comprehensive insurance will also pay up to the fair market value of your car, less your set insurance deductible. Although comprehensive insurance is not legally required in any state, you will probably need it if your car is financed.
Each driver’s coverage needs are unique – talk with us today to find out how to get the best auto insurance policy for you.
Call The Fite Agency today and learn more about our auto insurance options. 972‐564‐676
