Get a loan from!Specialty InsuranceBusiness InsuranceFixed AnnuitiesHome InsuranceAuto and Vehicle InsuranceLife InsuranceHealth Insurance Auto WarrantyRV InsuranceWatercraft InsuranceBoat InsuranceATV InsuranceMotorcycle InsuranceSenior Auto (Age 50+)Auto Insurance
Agent Finder

Auto Insurance Explained
Learn about auto insurance policies and the different coverages that are optional and those required by state law.

The 13 Steps If an Accident Happens
Important life saving information if and when an accident occurs. Be prepared with these tips and know what to do in case an accident happens.

Filing an Insurance Claim
Learn about what to do before you file an insurance claim, and also what to do during the process of filing an insurance claim.

Motorcycle Insurance
Special tips on motorcycle insurance to save money and lower your premiums.

RV Insurance
Learn about why special protection and coverage may be needed for rv insurance.

Watercraft Insurance
Is your watercraft covered through your homeowners policy? Find out how special coverage is needed to protect yourself and your watercraft.

Mortgage Finder
Credit Card Finder
Personal Loan Finder
Debt Consolidation Finder

Check out what recent and past consumers have to say about our services.

Auto Insurance
Auto Insurance Coverages Explained

An auto insurance policy actually consists of several different coverages.
Required in most states, it is something all drivers must posses.

Liability Insurance
This coverage is the basis of all auto insurance policies, and the minimum required in most states. If you're found at fault in an accident, liability insurance pays for the injury and property damage expenses of the third party involved in the accident. Property damage pays for the replacement or repair of anything that was damaged. Bodily injury expenses cover lost wages and medical bills. If you cause a major accident, your current or potential coverage may not cover you sufficiently. It is a safe bet to buy more than the minimum required by your state.

If you're found at fault in an accident, collision coverage will cover expenses needed to repair your vehicle. Collision coverage is usually the most expensive component of an auto insurance policy, although it isn't required. Insurance companies might proclaim your car a “total loss” if the repairs exceed the market value of the car. When this occurs, the insurance company will pay you the actual cash value, minus the deductable. From there your car is off to an auction where it will be sold for parts or scrap.

Replacement Cost:
The amount required to replace your car or repair damages without considering depreciation.

Decrease in value because of age/wear on vehicle.

Actual Cash Value (ACV):
The value of your car when it is damaged or destroyed. Insurance companies figure the ACV by subtracting the depreciation from the replacement cost.

In most cases, it’s better to choose replacement cost coverage. Although higher in price, the protection may be worth it.

Comprehensive coverage will pay for damages to your vehicle that were not caused by an accident. This includes fire, vandalism, theft, natural disaster, and even animals. Depending on the damage, the insurance company will pay the cars worth right before the incident. This is also optional coverage.

About | Glossary | Links | Disclaimer | Privacy | Suggest | Affiliate | Advertise | Agent Log-In

Insurance Tracker is the 100% advertiser supported insurance search engine. We are not a carrier, agent or broker. When you choose to inquire with an advertiser on Insurance Tracker, your information remains between you and that advertiser(s). Advertisers are solely responsible for keeping their information current.

Insurance Quotes From Agents Near You: Alaska | Alabama | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | Washington DC | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming

Find The Perfect Insurance Policy: Individual and Family Health Plans | Corporate Group Health Plans | Long Term Care (LTC) | Disability Insurance | Senior Health Insurance | Dental Insurance | Vision Health Plans | Rx Drug Savings Plans | Term Life Insurance | Whole Life Insurance | Universal Life Insurance | Fixed Annuities | Auto Insurance | Senior Auto Insurance (Age 55+) | Motorcycle Insurance | ATV Insurance | Boat Insurance | Watercraft Insurance | RV Insurance | Homeowners Insurance | Condominium Insurance | Renters Insurance | Business Owners Insurance | Commercial Auto & Truck Insurance | Workers Compensation | Liability Insurance | Mortgage Protection Insurance is a Venture Click company.  Powered by ZipSearch!
Copyright © 2003 InsuranceTracker® All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.