What Is Gap Insurance? Gap insurance (Guaranteed Asset Protection) is optional coverage that pays the difference between what you still owe on your auto loan or lease and your vehicle’s actual cash value (ACV) at the time of a total loss. Cars depreciate rapidly — losing roughly 20% of value in the first year and … Read more
What Is Uninsured Motorist Coverage? Uninsured motorist insurance (UM/UIM) protects you financially when you are injured in an accident caused by a driver who either has no insurance or whose coverage is insufficient to pay for your damages. Despite laws requiring auto insurance in 49 of 50 states, approximately 14% of U.S. drivers remain uninsured. … Read more
Pip Insurance: What Is PIP (Personal Injury Protection)? PIP insurance, also called Personal Injury Protection or no-fault insurance, pays for medical expenses, lost wages, and other costs if you or your passengers are injured in a car accident — regardless of who caused the crash. PIP insurance is required in roughly a dozen no-fault states … Read more
Comprehensive Insurance: What Is Comprehensive Coverage? Comprehensive insurance is an optional auto coverage that pays to repair or replace your vehicle when it is damaged or lost due to non-collision events. Sometimes called “other than collision” coverage, comprehensive insurance protects against theft, vandalism, weather damage, animal strikes, falling objects, fire, and natural disasters. If your … Read more
Collision Insurance: What Is Collision Coverage? Collision insurance is an optional auto coverage that pays to repair or replace your vehicle when it is damaged in a collision, regardless of who is at fault. Your insurer pays up to your car’s actual cash value (ACV) minus your deductible. Unlike liability coverage, which protects others, collision … Read more
What Is Liability Insurance? Liability insurance is the part of your car insurance policy that pays for injuries and property damage you cause to others when you are at fault in an accident. It is the most fundamental type of auto coverage and the only one required by law in nearly every state. Liability insurance … Read more
This Tennessee Insurance Guide covers everything you need to know about auto insurance requirements, costs, and coverage options in Tennessee. Whether you are a new driver getting your first policy, a long-time resident shopping for a better rate, or someone moving to Tennessee from another state, understanding these requirements is essential. Driving without proper insurance … Read more
This Wyoming Insurance Guide covers everything you need to know about auto insurance requirements, costs, and coverage options in Wyoming. Whether you are a new driver getting your first policy, a long-time resident shopping for a better rate, or someone moving to Wyoming from another state, understanding these requirements is essential. Driving without proper insurance … Read more
This Wisconsin Insurance Guide covers everything you need to know about auto insurance requirements, costs, and coverage options in Wisconsin. Whether you are a new driver getting your first policy, a long-time resident shopping for a better rate, or someone moving to Wisconsin from another state, understanding these requirements is essential. Driving without proper insurance … Read more
This West Virginia Insurance Guide covers everything you need to know about auto insurance requirements, costs, and coverage options in West Virginia. Whether you are a new driver getting your first policy, a long-time resident shopping for a better rate, or someone moving to West Virginia from another state, understanding these requirements is essential. Driving … Read more