Auto Insurance

You know you need auto insurance. So, now what?

With a lot of different companies and coverage choices to choose from, insurance can be confusing. At Buckeye Insurance Group, we want to make your insurance experience less intimidating. Selecting the right coverage for you all begins with some important basics.

Before you begin selecting your coverage limits, you have to realize- You get what you pay for.

While less coverage may seem more cost effective, the price you’ll pay in the event of a claim could cost you much more.

Bodily Injury

Selecting your limits of liability for Bodily Injury determines how much your insurance will pay if you and others are injured in an accident.

  • In the event of an accident, the limits of 25/50 indicate that there is a $25,000 maximum limit of coverage per person involved, and a $50,000 limit per accident.
  • Although limits of 25/50 may seem to be the least expensive route, would this selection be enough to cover you at the moment you need it?
  • Evaluating the total value of your investments and assets can help you assess the limits you’ll need in order to protect your savings in the event of a claim.
Property Damage

Your Property Damage coverage is the maximum limit that we will pay for physical injury to, the destruction of, or the loss of use of others’ tangible property in the event of a claim.

  • If the event of an accident, you’ll want to make certain that your Property Damage limit is sufficient for damages that could occur.
  • You can evaluate this selection similarly to your bodily injury coverage, recognizing that you would be personally responsible for any cost exceeding your limit.
Medical Payments

Your Medical Payments coverage is in place to assist with instant medical expenses that may arise for you or the passengers in your vehicle.

Uninsured/Underinsured Motorist Coverage

If an accident were to occur with an individual who doesn’t have insurance, you’ll want to make certain that you don’t lose out as well. Uninsured/Underinsured Motorist coverage is not a coverage you want to forego for cost.

  • If an individual’s insurance coverage is not adequate for the amount of loss, or there is no coverage present at all, this coverage will help cover the cost of injury to you and your passengers.
Comprehensive & Collision Coverage

You may wonder- “Do I need full coverage on my vehicle?” Comprehensive and Collision coverages exist to extend your coverage protection to your vehicle.

  • Let’s say you hit an animal, or a hail storm occurs while you’re parked outside. Damages resulting from these types of events would be partially covered under your Comprehensive coverage limit. As Comprehensive coverage requires a deductible, this amount will signify how much you will need to pay upfront before Buckeye covers the rest.
  • In the event of an accident, a Collision deductible would indicate the amount you would be responsible for in the event that an upset or impact occurs with another object or vehicle. After that deductible is met, Buckeye would help to cover the rest of the damages.

If you forego comprehensive and collision coverage, you are recognizing that we will not pay for loss to your vehicle in the event that damages would result from either of the above situations.

In order to determine whether or not to select these coverages, you might want to ask yourself-

What is the age of my vehicle?

What amount can I self-insure my vehicles to, should damages occur to my vehicle?

Understanding the basics of your auto coverages will help you make decisions that will best protect you, your loved ones, and your assets.

For help in determining which coverage selections are the best for you, contact a local agent today!