Compare Auto Insurance Quotes and Get Cheap Rates
Looking for an affordable auto insurance quote? Well, it helps if you have the magic touch — and the wizards behind MoneyWizard.co have done the research so you don’t have to! We’ve researched insurance coverage options that will help you find reliable insurance quotes online and a policy that matches your needs.
Compare Auto Insurance Quotes
Regardless of what’s in your garage, you must have insurance coverage. In the US, driving an uninsured automobile is not only illegal but also dangerous. This is because auto insurance covers you from unexpected financial losses due to accidents, damage, bodily injury, and damages or injuries caused to third parties. In order to protect yourself, other road users, and your assets, check out our free auto insurance quote comparisons.
Get the Best Auto Insurance Rates
Finding cheap rates on auto insurance can be daunting if you don’t know what to look for. The rates are usually calculated based on the information that you provide—our age, type of automobile, where you drive, and driving record. The rates vary depending on the insurance company and your state. Bearing this in mind, the more auto insurance quotes you research, the higher the chances of finding the best insurance policy for the lowest price. We’ll Help you discover the best auto insurance rates online, over the phone, from agents, or insurance brokers. Let the wizards behind MoneyWizard.co simplify your auto insurance shopping today.
Types of Auto Insurance
When shopping for auto insurance, understanding the common types of coverage options is of utmost importance. The different types will help cover you, your passengers, your vehicle, and third parties in case of accidents. The common types of auto insurance are:
Liability Coverage
In most states, liability coverage is mandatory. Drivers are required to purchase a minimum amount of liability coverage as mandated by state laws. The components of liability coverage are (a) property damage liability, and (b) bodily injury liability. Property damage liability covers for damage caused to other people’s property when driving. Bodily injury liability provides coverage for costs incurred owing to injuries sustained by other people in case of accidents.
Uninsured and Underinsured Motorist Coverage
This type of coverage protects you when you sustain injury by an underinsured or uninsured driver. It covers your medical bills and, in some states, it pays for repairs. An uninsured driver doesn’t have insurance, while an underinsured driver has insurance but their liability coverage is isn’t sufficient to pay for all the expenses related to the accident. In the US, underinsured and uninsured motorist coverage is mandatory in some states. Using your zip code, find out if you might need this type of auto insurance.
Comprehensive Coverage
This type of coverage protects you against damage to your car due to fires, extreme weather, vandalism, or theft. When damage is incurred, your insurance agency will help you repair or replace your vehicle. The compensation will be up to the motor vehicle’s present cash value. This type of coverage generally includes a deductible—the amount you are called on to pay out-of-pocket before the insurer reimburses you for the covered claim. In the US, this type of coverage is generally optional except when your lender requires it (i.e. when you are leasing your vehicle or paying it off).
Collision Coverage
In the event of a collision, collision coverage will help cover the cost of repairs or replace your automobile. In some cases, you will be reimbursed up to the car’s present cash value—less your deductible. This plan is optional—except when it is required by your vehicle lender or leaseholder.
Medical Payments Coverage
This type of coverage protects you from the cost of injuries to you, your family, or passengers in the case of an accident. It covers medical expenses like X-rays, hospital visits, surgery, medication, and more. In some states, this coverage plan is compulsory.
Personal Injury Protections (PIPs)
This type of coverage plan is only available in some states. It provides coverage for medical expenses as the result of an accident. It can also protect against additional expenses owing to your injuries—such as lost income and child care expenses.
Benefits of Auto Insurance
Here are a few key examples of why auto insurance benefits you.
- It provides peace of mind—as you don’t worry about the cost of repairs after an accident.
- It reduces the number of possible lawsuits even in the case of no-fault accidents.
- It guarantees reliable transportation since policies offer additional car rental insurance.
- It protects your assets from any kind of damage.
- It offers personal accident coverage against disability, death or bodily injury.
- It grants you access to a large network of garages.
- It protects you from losses due to damages or injuries to third parties.
Auto Insurance FAQ
How does car insurance work?
Car insurance offers financial protection to drivers in case of personal injuries or property damage. A car owner purchases a policy from an insurance agency which commits to a set level of coverage in the event of an accident. The insurer can provide payouts for medical bills, vehicle repairs, and damages to other parties. In order to benefit, you must choose a coverage plan and make premium payments for a specified period of time.
How much is car insurance?
Car insurance rates vary depending on where you drive, amount of coverage, age, and driving record. Most policies cover you for one year or six months. You can pay for them up front, in several installments, or on a monthly basis over the course of your car insurance policy. The national average for car insurance is $1,427 per year— although averages vary considerably for drivers in different states. So let the wizards behind this site, simplify your auto insurance shopping today and help you uncover the best rates! It’s not quite magic—but it’s close!.
How do I get car insurance?
You can apply for coverage online, over the phone, or from an insurance agent or broker. Using your zip code, the wizards behind the site can help you to compare and get auto insurance online.
How much car insurance do I need?
The amount of insurance coverage that you require depends on your location, age, driving record, and assets. A good rule of thumb is to get insurance coverage that’s equal to the total value of your assets. We’re happy to help you determine the amount of car insurance that you might need.
How do I lower car insurance?
The following tips can help lower your car insurance
- Shop around for the cheapest insurance agency as the rates vary widely.
- Compare insurance costs before buying a car.
- Ask for a higher deductible.
- Reduce (or drop altogether) comprehensive coverage on older cars.
- Bundle together policies from the same insurer in order to leverage from discounts.
- Maintain solid credit and a good driving record.
- Take advantage of group insurance and discounts.
What is gap auto insurance?
Gap auto insurance is additional insurance that drivers purchase in order to protect themselves from financial losses when their compensation doesn’t cover the vehicle’s financing or lease agreement. It is necessary when the balance owed on a car loan is greater than its book value.
