When picking car insurance, it’s important to know about the different types of benefits that are out there. Progressive Insurance, which is one of the best car insurers in the US, gives its policyholders a range of coverage options to meet their different needs. There is a purpose for each type of coverage, and choosing the right mix can help protect your finances in case of an accident or other unplanned event. This piece will talk about the different types of coverage that Progressive offers to help you make an informed choice about your car insurance needs.
Insurance for Liability
Liability coverage is an important part of all car insurance policies, and in most states it’s the rule. This insurance protects you in case you cause an accident that hurts someone or damages their property. There are two main types of risk coverage that Progressive offers:
- Bodily Injury Liability: This part covers the costs of medical bills, lost pay, and other things that happen because of an accident that you caused. It also pays for your lawyer’s fees if the person who was hurt sues you.
- Property Damage Liability: This covers the costs of fixing or rebuilding someone else’s property that you damaged in an accident, like their car, fence, or building.
It is very important to choose liability levels that are high enough. If you don’t, you could end up having to pay for any extra costs out of your own pocket.
Coverage for Collisions
If you choose to have impact coverage, it will help pay for damage to your car that happens in an accident with another car or object, no matter who was at fault. If you have a newer or more expensive car, this coverage is especially helpful. Sometimes, when you make a claim, you have to pay a deductible. This is the amount you agree to pay out of pocket before your insurance starts to pay. Some insurance companies will offer lower rates if you raise your deductible. However, it’s important to make sure that you can pay the higher deductible in case of an accident.
Coverage for everything
Comprehensive coverage, which is also called “other than collision” coverage, saves your car from damage that doesn’t come from a crash. Theft, vandalism, natural disasters, falling items, and animal accidents are all examples of this. Comprehensive coverage has a deductible, just like collision coverage. It is highly recommended for drivers who want to fully protect their car. If you have a loan or lease on your car, your lender may require you to have both collision and comprehensive insurance.
Protection for Personal Injury (PIP)
Personal Injury Protection (PIP) is an important coverage choice in some states. It’s meant to pay for your and your passengers’ medical bills if you are in an accident, no matter who was at fault. This can cover things like hospital bills, rehab costs, lost wages, and even funeral costs if someone dies in an accident. PIP can give you peace of mind, especially if you depend on your car for daily tasks or family activities.
Coverage for medical bills
Medical Payments Coverage (MedPay) is another choice that will pay for your and your guests’ medical bills if you are in an accident, even if you were not at fault. But MedPay usually has smaller limits than PIP and doesn’t pay for things like lost wages or other costs. MedPay can be a good addition to your insurance if you live in a state that doesn’t require PIP or if you want more medical coverage.
Coverage for uninsured or underinsured drivers
Uninsured/Underinsured Motorist (UM/UIM) coverage protects you if you get into an accident with a driver who doesn’t have insurance or doesn’t have enough insurance to pay for your losses. This coverage is important, especially in places where a lot of drivers don’t have insurance. In these situations, it can help pay for things like hospital bills, lost wages, and car repairs. Progressive offers this coverage with different limits, so you can pick the level of security that works best for you.
Gap insurance
Gap insurance is a good choice for people who loan or lease their cars. Most of the time, basic collision or comprehensive coverage will pay the current market value of the car if it is totaled. That being said, you would have to pay the gap if you owe more on your loan than your car is worth. This is where gap insurance comes in. It covers the rest of your loan amount, so you don’t have to worry about money.
Coverage for Classic Cars
Progressive gives coverage that is specifically made to protect vintage and classic cars for people who love them. A lot of the time, this coverage includes accepted value coverage, which makes sure you get a set amount of money if your property is completely destroyed. Classic car insurance may also offer extras like roadside help, coverage for spare parts, and more flexible terms for use.
Coverage for custom parts and equipment
You might want to look into Custom Parts and Equipment Coverage if you have added extra parts or equipment to your car to make it your own. This choice helps protect the money you spent on custom modifications like new wheels, a high-end sound system, or performance upgrades. You can get money for the value of these changes if you lose them with this coverage.
Payment for a rental car
Advance Auto Insurance’s Rental Car Reimbursement policy can help you get a rental car while your own is being fixed. This choice gives you money to cover the costs of renting a car while the repair is being done. It’s important to know what this coverage doesn’t cover, since Progressive usually only pays a certain amount each day for a certain number of days.
Help on the Roadside
Adding Roadside Assistance to your car insurance is a good idea. If you get lost on the road, this coverage will help you get back on the road by towing, jump-starting your battery, changing your flat tire, and delivering gas. Progressive offers mobile assistance 24 hours a day, seven days a week. This gives you peace of mind because you know that help is only a phone call away.
Knowing What the State Needs
It’s important to know what your state’s insurance requirements are before you choose your coverage choices. In most states, drivers are required to have at least a certain amount of liability insurance. Other types of insurance, like PIP or uninsured motorist coverage, may also be required. Progressive has tools to help you learn about the rules in your state so that you can choose the right coverage for your needs while still following the law.
Conclusion
Selecting the appropriate car insurance plan from Progressive can be easy if you know what choices are offered. Each type of coverage is useful for different things, and figuring out what you need can help you make a policy that covers everything. Progressive has a range of choices to meet your needs, whether you just need basic liability coverage or want to make sure you’re completely protected financially with collision and comprehensive coverage. By closely looking at your coverage options and learning about the rules in your state, you can make choices that will give you peace of mind while you drive.
