Car Insurance Basics

Deductible – Amount you pay for your car insurance

Coverages – Benefits gained from paying your premium

Premium – Your cost for gaining car insurance coverage (Payment usually monthly or bi-annually)

Bodily Injury and Property Damage Liability – Pays for medical costs and Car Repairs

Personal Injury Protection (PIP) – “No Fault”, and all medical expenses from an auto accident.

Uninsured and Underinsured Motorists Coverage – Hit and run and non-covered motorist protection

Collision Coverage – Pays for damage from accidents

Comprehensive Coverage – All factors other than collision (stolen, natural and unnatural disasters, etc)

Declaration Page – Shows Coverage Limits on Coverages Selected, Vehicles covered, Policy Number