Auto Insurance Coverage in Alaska
Reader’s Question:
Aside from protecting your pocket in the event of an accident, what other benefits can an auto insurance car insurance give you?
Kendra
Juneau AK
Just to clarify, auto insurance car insurance does not only protect you from accidents. Comprehensive coverage for example can protect you from both human caused and natural events. Human caused events include theft and vandalism. Examples of natural events are flood and blizzards. But enough since you probably know that already.
The benefits however do not stop there. There are many other hidden or less obvious benefits that an insurance can give you. For example you already have a policy and bought a new car. Even if you forgot to tell your insurance company about it, you are covered temporarily. Average car insurance gives customers coverage of 30 days for newly bought cars. That’s just one of the possible benefits that you can get. Others include reimbursement, albeit limited, for transportation expenses when you can’t use your car due to an accident.
Did you also know that auto insurance car insurance coverage isn’t limited to you alone? If a family member drives your car, they are automatically covered even if they didn’t ask for your permission to drive it. What more the people who have your permission?
Another good benefit is that if you have a deductible, it is waived if you and the other party involved in the accident have the same insurance company. After an accident, you may be required to appear in court and provide testimony on what happened. Some companies will pay a certain percentage of the lost wages incurred during this period.
Some equipment inside the car can also be covered. If your stereo is damaged in an accident, the company may reimburse you for replacement cost as long as its in the area specified by the company. Be sure to check with your company though since some insurance companies have specific periods before you can get any of the benefits I’ve mentioned here.
As a policyholder, you should always read the terms of your policy or ask questions about your auto insurance car insurance. That way, you get to experience all the benefits.
One of the best ways to lower your annual premiums is to have a higher deductible amount.. Like a $1,000, is what I carry personally.
Now, if you are a claim free and safe driver like I am, you could be saving a ton of money each year on your premiums. People fail to realize that the deductible amount is only paid when they file a claim and their insurance company pays that claim.
Ask for discounts, you never know what you might be able to get and how much you can save by asking. Some popular discounts can be given for:
1. Military personnel
2. Good grade students
3. Union membership and bank member affiliations
4. Safe drivers with no claims in last 7 years
5. Defensive driving school attendance
6. Clean credit history – used by many carriers to determine payment risk
