Car Insurance in Michigan
Auto insurance is designed to protect you against financial losses caused by an accident or theft related to your vehicle. Your insurance company will agree to reimburse you for losses as defined in your policy, provided you pay the premium. While basic auto insurance is mandated by most states, your coverage can be customized to fit your specific needs and budget.
The policy you select will typically be issued for six month to one-year time frames on a renewable basis. The coverage offered will depend on the options you choose, but most auto policies will cover yourself along with family members on your policy, whether driving your own vehicle or someone else’s.
Auto Insurance Coverage
Almost all states require certain coverages under an auto insurance policy. These requirements include bodily injury liability, which covers costs related to injuries that you or another driver causes while driving your vehicle, and property damage liability, which reimburses others for any damages your vehicle causes.
Most of the basic auto insurance plans mandated by the state will cover damages caused by your car, but will not cover damage caused to your car. Optional coverages such as Collision and Comprehensive will ensure your vehicle is properly insured and covered against unexpected damages. Here are some more details on what’s offered between these coverages:
Collision Coverage
Collision coverage is a type of auto insurance coverage that helps to pay for damages to your vehicle if it is involved in a collision with another vehicle or object. If you have collision coverage, your insurance policy will pay for damages to your vehicle up to the policy’s limits, minus any deductible you may have.
Comprehensive Coverage
Comprehensive coverage is a type of auto insurance that helps to pay for damages to your vehicle that are not caused by a collision. This can include damages caused by events such as theft, vandalism, fire, hail, flood, or falling objects. Like collision coverage, comprehensive coverage is optional and may not be included in all auto insurance policies.
These coverages and more can help you protect yourself and your vehicle from damages and liability. Contact Pi Insurance Agency today to explore your car insurance coverage options and keep yourself and your family members secure.