While all auto insurance serves a purpose, not all types are mandated by the state. The only coverage required by the state is liability insurance, which protects other drivers in case they cause an accident. At Affordable Insurance Inc. in Mountain Home, AR, we’ll discuss your auto insurance needs to determine if basic liability coverage provides adequate protection.
If you have an auto loan or are leasing a vehicle, you’ll need to carry collision and comprehensive coverage. Lenders and lessors require this to protect their interest in the vehicle. If you would struggle to pay for the repair or replacement of your vehicle, this coverage is essential.
Collision insurance and its importance
Collision insurance protects your vehicle in the event of an accident where you are at fault. It covers the cost to repair or replace your vehicle, minus a deductible. This could be an accident with another vehicle, or an object like a utility pole, a fence, a mailbox, or guard rails. It also provides coverage in case of a hit-and-run.
Comprehensive insurance and its necessity
Comprehensive coverage also protects your vehicle and includes a deductible. It covers repair or replacement costs if your vehicle is damaged in a flood, hail, or falling tree branch. It also covers damage from a collision with a large animal like a deer. You’ll use this coverage for broken glass, vandalism, and theft.
We are independent insurance agents at Affordable Insurance Inc. in Mountain Home, AR. This means we can offer our customers a wider range of choices and the best prices. Call our office today to discuss your needs.
