When you visit your independent agent in Hope Hills, NC to purchase auto insurance, you have several different types of coverage that you can buy. If you are only required to carry the minimum amount of coverage mandated by North Carolina law, you may want to buy a policy with coverage for bodily injury and property damage that you are liable for causing to another driver or their property.

Liability coverage does not cover property damage to your vehicle. If you want, or are required to carry coverage on your vehicle, you will need to buy an auto insurance policy that includes both collision and comprehensive coverage. If you get into an accident, or if your car is stolen, these two types of coverage will allow you to file a damage with your auto insurance company for your loss.

Collision coverage is just like it sounds. If you get into an accident with another vehicle or hit a stationary object like a pole or a brick wall, this coverage will pay to have your car repaired. Anything other types of incidents such as theft, vandalism, or a hail storm ruining your paint job, is covered by the comprehensive portion of your policy.

It is important to note that the added coverage will add to your annual insurance premium. You will pay more if you have an expensive car rather than one that is worth less. This coverage comes with a deductible, or the amount you are responsible for paying before the insurance company will pay on a claim. You can lower your overall premium by choosing a high deductible, but that will mean you assume more financial risk should you suffer a loss.

You usually need this type of added protection if you finance a vehicle or you have a fairly new vehicle that is still worth a substantial sum of money. Even if you are not required to carry such coverage, it may still be prudent to spend a little more and add it to your auto insurance policy.