Auto Insurance

An auto insurance policy serves as a contract between you and your insurance company. You pay a premium (calculated monthly) quarterly or annually), and in exchange, the insurance company promises to pay for agreed upon financial and property losses during the term of the policy. You may pay the initial portion of these losses, based up the amount of your deductible (your portion of a covered loss, based on your selected policy.

What kind of coverage do I need?

When selecting automobile insurance, you will need to consider coverage in the event of a collision or theft, as well as liability. You will also need to review the ages, drinking histories, gender and, in the case of teenagers, grades of all household members who drive. Some insurance companies will lower the rate for their premiums if teenagers can provide evidence of good citizenship and scholastic success. Rates also may drop if multiple insurance types are purchased from the same insurance company. Finally, you must consider the requirements of the state in which you live and meet requirements of the law.

Types of Coverage:

Collision pays for damage to your vehicle caused by a collision with another vehicle or object, with the exception of animals.

Comprehensive pays for the loss of or damage to your vehicle caused by fire, flood, hail, theft, vandalism, windstorm/sandstorm, or impact with an animal.

Liability pays for accidental bodily injury and property damages to others when covered driver is legally found to have caused the harm. Coverage can include medical expenses, lost wages, and other damages, including pain and suffering, loss of use of damaged property, legal defense and court cost.

Personal Injury pays medical expenses for the insured, for treatment due to an auto accident, regardless of fault. It may also replace lost wages and services such as childcare expenses, and pay for rehabilitation. Some policies include funeral expenses.

Uninsured or Underinsured Motorist pay s damages when a covered person is injured in an auto accident caused by a driver who does not have liability insurance or who is underinsured.

Rental Reimbursement pays for a car rental when yours is disabled due to an accident.

Emergency Road Service pays for towing services incurred as the result of a breakdown.

How can I save money on my auto insurance?

Maintaining a clean driving record is the single best way to save money on your policy. If you have a teenaged driver in the household, impress upon him/her early that traffic violations may make driving unaffordable when it results in higher premiums. Also, check with your agent or broker to see whether the insurance provider gives a discount for good students. A higher deductible will also lower your premium. You will have to decide how much risk is worth the lower premium.

Pledge Insurance

Pledge Insurance.
More Than a Promise, a Guarantee

Established in 1989

Tel: 866-626-1000

Licenses

Lic#OC64540

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