Auto Insurance

Choosing the appropriate level of auto insurance coverage depends on a number of factors, including:

  • The assets you want to protect through liability coverage
  • The value of your vehicle(s) through collision and comprehensive coverage
  • Your maximum out-of-pocket expenses (deductibles)
  • Your risk acceptance

Collision and Comprehensive Coverage

These types of coverage pay for damage to your automobile in the event of an automobile accident or other incident. You can typically choose to purchase either or both of these coverages for each vehicle you own. However, if you are insuring a vehicle on which you have a loan, you may be required to purchase both.

Collision coverage insures you against damage to your vehicle caused during an accident.

Comprehensive (other than collision) coverage insures you against all other physical damage to your car caused by such events as fire, theft, flood, and vandalism.

Collision and comprehensive coverage usually includes a deductible. If your car is damaged, your insurance company pays only for the damage in excess of the deductible you selected. The higher your deductible, the lower the premium.

Liability Coverage

Liability coverage pays for injuries you cause to other individuals, as well as damage you cause to anyone else’s property when you are at fault in an automobile accident.

Medical Payments Coverage

Medical Payments coverage pays for medical expenses (up to a specified dollar limit) for you and any passengers in your car who are injured in an automobile accident, regardless of who is at fault. If you and your passengers have health insurance, you may not need this coverage.

Personal Injury Protection

Some states require personal injury protection, which is also known as no-fault coverage. This coverage pays for things like medical and rehabilitative expenses, replacement services, and funeral expenses. It also pays for loss of income if you are injured in an auto accident and are unable to work.

Uninsured/Underinsured Motorist Coverage

This coverage pays if you are injured by a person who is completely uninsured or doesn’t have enough liability Insurance to cover your injuries. It also covers you if you are in an accident with a hit-and-run driver.

Optional Coverage

Optional or special coverage includes extras such as towing, rental reimbursement, and roadside assistance. None of these coverages are required.

All of the Insurance companies we represent provide a wide range of auto Insurance products at a fair price. Your price gets even better if you qualify for any of our available discounts.

Contact a Gracepoint Insurance representative today at 678-224-9333 to learn about your coverage options!