Auto Coverages

by | Nov 15, 2011 | Auto Insurance

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There are many reasons to carry auto insurance Eagan MN, not the least of which is it is required by law. There are two parts to your auto coverage, liability and physical damage. The liability portion is the only part that is required by law. This is because it protects the other person. Most states feel that operating a motor vehicle is a privilege not a right. And for you to be a responsible auto owner you will have the means to repair another’s property and pay for any injuries if involved in an accident. If you are involved in an accident the liability coverage is what will pay for damage you do to someone else’s vehicle or property. It also will cover their medical expenses.

Auto Coverage

Auto Coverage

The second part of your auto insurance Eagan MN is the physical damage. This is the part that will cover your vehicle in the event that you are involved in an accident that is your fault. It will pay to replace or repair your vehicle. The insurance company will examine your vehicle and present you with a settlement amount. Be aware that you do not necessarily have to accept their offer. Do your research, especially in the case you vehicle is totaled, and find out how much a vehicle that is the same year, make, model and miles is selling for. Physical damage coverage has deductibles attached to it. You can pick the deductible amount you want. The higher the deductible you choose, the lower the premium you will pay. Be careful with the deductible you pick. Having a high deductible may lower your premium, but in the event of an accident if you cannot pay the deductible you will not be able to get your vehicle fixed. Pick a deductible that you will be able to live with. It also will cover other events that may happen to your car that are not necessarily accident related. An example would be windshield replacement.

Even though personal auto insurance Eagan MN is generally not as complicated as a commercial auto policy can be. But no matter what type of auto insurance you need it is still important to find an agent familiar with the auto insurance coverage so that they can help you maneuver with what has become a gauntlet. There are minimum liability requirements that are required by law. Your agent will know what they are and if they change. He will also work with you in determining if the minimum limits will be adequate for your needs or if you would be better served with higher limits.


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