Entering the big bad world of adulthood is quite the shock. While some are eased into it over a period of about five years, others are dropped like an ice cube in a soda cup. It’s not so hard to do things like find a dentist or a doctor, but trying to find a good deal on Miami car insurance can be an intimidating process. Learning the language spoken by insurance agents can be a big help. While it can’t all be covered in this article, there are some major points that you should figure out before you start making phone calls.
Required Coverage Types
There isn’t just one type of insurance coverage for vehicles. You can get more coverage by paying more each month. However, the less coverage you have, the more you will have to pay out of pocket if something does happen.
There are two types of liability policies. Bodily injury liability policies cover legal costs, death claims, and injuries in case of an accident. Property damage liability covers any type of property your car damages, like fences or landscaping. This is your basic package; it is required by law that you have at least this type of coverage. Note that it does not cover you or your car, just the person or thing you hit.
If you’d like to be covered, then you’ll want medical payments coverage. It also covers the people in your vehicle. If you’d also like your car covered, then you’ll want collision coverage. While you may not be able to replace your car for what you’ll get out of it, you’ll at least get the book value if the car is totaled.
There are other things that can happen to your car besides an auto accident. Comprehensive policies cover everything from theft to fire.
With optional policies, there is a deductible involved. For example, if you are in an accident, then you will have to pay the first $500 of repair costs and the insurance company will cover the rest. The higher your deductible, the lower your monthly premiums. You’ll need to weigh what you can shell out each month against what you can come up with in an emergency when shopping for Miami car insurance.