Breaking Down Your Auto Insurance Quote

Use this guide to help you decipher your auto insurance quote.Breaking Down Your Auto Insurance Quote

As a driver, you understand how important it is to have the right auto insurance protections in place. If you are looking for the right car insurance, you have likely requested a quote from different insurance companies. However, once you receive your quote, you might realize that you have no idea how to read it. If this is the case for you, don’t worry; you are not alone. Many people struggle to make sense of the information offered in their insurance quote. Use this information to help you break down your car insurance quote.

The Deck Page

The first page of your insurance quote is known as the declarations, or “deck” page. This page will include information that’s specific to you. For instance, it will show the car you want to insure, additional insured drivers, discounts, deductibles, and so on. In addition to this information, at the top of the page you will notice three numbers such as “50/150/35.” These numbers denote the dollar amounts (in thousands) of coverage you are quoted for. The first number refers to the maximum bodily injury coverage you will receive per person. Based on the given example, this would mean that your quote is offering you $50,000 of bodily injury coverage per person. The second number denotes the maximum bodily injury coverage you would receive for all injuries sustained in an accident. In this example, this would translate into $150,000 of total bodily injury coverage. Finally, the third number refers to the maximum property damage liability coverage you are quoted for. Based on the example, this would mean a coverage quote of $35,000 for property liability damage.

Available Coverages

Another important part of understanding your insurance quote is understanding all the different coverage options available to you. For instance, some of the most common auto coverages include:

  • Liability coverage: This coverage would protect you if you were responsible for causing injury or property damage to a third-party. This coverage would also kick in and cover your legal fees if the affected party attempted to sue you for the damages.
  • Collision coverage: This would cover the damages that your car might sustain during a collision event.
  • Comprehensive coverage: This would cover any damages that your car might sustain outside of a collision event, such as the damages caused by vandalism, fire, or an extreme weather event.
  • Medical payments coverage: This coverage would pay for the medical treatment that you and your passengers might require after a collision event. This is a ‘no-fault’ coverage meaning that you can access this coverage regardless of which driver was at fault for the accident.
  • Under/Uninsured motorist coverage: This would cover you in the event that you got into an accident with a driver who did not have adequate insurance coverage to address the cost of your repairs or medical costs.

Use this information to help you better understand your auto insurance quote.  Are you looking for further assistance with your auto insurance?  Then don’t hesitate to contact the experts at Miller Carlisle Insurance Services.  Our professionals are ready to get you the coverage that you need today.