Auto Insurance

Auto Insurance is a contract between an insurer and the insured (policyholder). The insurer agrees to compensate the policyholder for financial loss caused by accident or damage arising from ownership or use of a vehicle. Auto insurance provides coverage against theft, vandalism, collisions with other vehicles/objects, or uninsured drivers, as well as third-party liability claims such as bodily injury damages resulting from traffic accidents.

Car insurance is a critical part of owning a vehicle, and you shouldn’t ignore it. Purchasing this coverage also means you’re abiding by the law. If you’re a resident, we at Hill Insurance & Financial Services can guide you through the auto insurance coverage options you have and ensure you make a decision that suits you best.

What Does Auto Insurance Cover?

Auto Insurance usually covers:

  • Damage to your car from a collision, fire, theft, falling objects, and other events covered by the policy
  • Bodily injury to people in your vehicle caused by a crash or event covered by the policy
  • Bodily injury to other people and certain types of property damage caused by an event covered by the policy
  • Medical and funeral expenses associated with injuries from an accident or event, where coverage is available

Auto Insurance usually does not cover:

  • Normal wear and tear on your car, such as mechanical breakdowns and fading paint
  • Damage to anything that is attached to your vehicle but is not part of the vehicle itself (i.e., a trailer)
  • Any events for which you are expressly excluded under the terms of the policy (which often include racing, fleeing police or driving while impaired/intoxicated, or using a vehicle for hire)

Factors Affecting the Cost of Auto Insurance

The cost of auto insurance varies depending on many factors. These include the type of car being insured, driving record, location(s) where the driver will be operating the vehicle, coverage limits selected (such as liability limits and deductibles), extra features purchased (collision/comprehensive coverage, etc.), additional drivers added to the policy, and other factors. It’s always wise to talk to your insurer and understand everything that will be affecting the cost of your premiums.

Driving without auto insurance carries hefty consequences, sometimes even jail time. Call or visit us at Hill Insurance & Financial Services to get expert guidance on an auto insurance policy that suits your needs.

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