The Different Types of Auto Insurance for Las Vegas, Nevada Drivers
A good auto insurance policy isn’t just one that’s easy on your bank account; it’s one that provides adequate protection in a variety of circumstances. Oftentimes, when a policyholder is unhappy about how a claim is settled, it’s because they didn’t fully understand the coverage that they do – and just as importantly, don’t – have. Your Nevada Insurance Enrollment auto insurance agent can help you understand the different types of auto insurance products that are available and help you build a comprehensive policy that’ll meet your needs.
Types of Auto Insurance
Liability Auto Insurance
Liability auto insurance is among the most important types of coverage that you will have; in fact, it’s so important that it is required in most states, including Nevada. This type of insurance covers any losses incurred by the other driver in an accident that you are responsible for, up to your policy limits.
Collision Auto Insurance
While liability insurance covers the driver who isn’t at fault in a collision, collision auto insurance does the opposite: it covers the policyholder’s own repairs when they’re responsible for a collision.
Comprehensive Auto Insurance
Comprehensive auto insurance covers losses that aren’t from a collision, such as damage from natural disasters, vandalism and theft.
Medical Payments Coverage
Medical payments coverage is optional coverage that is used for medical expenses following an accident.
Personal Injury Protection Auto Insurance
Personal Injury Protection (PIP), covers the medical expenses of the policyholder and any of the passengers in the vehicle at the time of the accident. It can also be used to cover other personal losses, like lost wages.
Uninsured/Underinsured Motorist Coverage
Uninsured/underinsured motorist coverage can be added to a policy to ensure that if you’re in an accident and the at-fault driver doesn’t have insurance or doesn’t have enough insurance, you won’t be left footing the bill.
If you’ve financed your vehicle, there’s a good chance that at some point during the lifetime of the loan, you’ll owe more on your vehicle than it’s worth. Gap coverage pays out the difference between what your vehicle is worth and what you owe on it in the event that it’s totaled or stolen, letting you pay your loan balance in full.
Mechanical Breakdown Coverage
Mechanical breakdown coverage is similar to an extended warranty offered by car dealers. Different levels of coverage are available, but most provide protection for your vehicle’s brakes, drivetrain, transmission and fuel system.
The Best Auto Insurance in Las Vegas, Nevada
When it comes to creating a good auto insurance policy, there’s no one-size-fits-all approach, and what’s good for one driver may be too much or not enough for another. At Nevada Insurance Enrollment, we specialize in helping drivers find the best insurance for their needs at the best price available.
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DISCLAIMER: It is important to note that the information contained herein is made general for the purpose of explanation. You should consult your policy for exclusions or other language that may alter your policy.