When are your Car Repairs Covered by Car Insurance?
If you get in a car accident, your car insurance policy might help pay for the repairs. But when are those repairs covered? And how much will your policy cover? This blog post will explain what is and isn't covered by car insurance when it comes to repairs. So, keep reading to learn more from our friendly team at Chevrolet of Bloomsburg!
Understanding Your Car Insurance
Although an auto insurance policy differs depending on the type of coverage you have, they typically have the same core components. Understanding these aspects of a policy is necessary if you want to know which repairs are covered by your insurance.
• Collision insurance- Collision insurance covers the damage to your car in an accident with another vehicle. It is required coverage in many states. Even without the requirement, it is important to have it. Collision insurance will pay to repair or replace your car if it is damaged in an accident. Without this coverage, you would be responsible for paying for the repairs yourself.
• Comprehensive insurance- Comprehensive insurance coverage on your automobile means that you are insured for damage or loss to your car, not caused by a collision. This type of insurance protection is beneficial in the case of events such as fire, theft, vandalism, and other types of damage not resulting from a car accident.
What Is a Deductible?
One of the most confusing parts of car insurance is actually figuring out how much you need to pay for a repair. A deductible is the amount of money you have to pay out-of-pocket before your insurance policy kicks in and begins covering losses. Typically, a higher deductible means you'll pay a lower premium. However, make sure you can afford to pay your deductible if you need to file a claim.
Normal Maintenance and Repairs
Another tricky part concerning your car insurance is whether or not your insurance covers standard repairs. The short answer is no. For example, if you need a new set of brakes or your alternator fails, your car insurance won't cover the costs. However, if you have warranty coverage for a new vehicle, a surprise repair is typically covered. New cars typically carry a three-year/36,000 mile bumper to bumper warranty and a five-year/60,000 powertrain warranty.
How To Craft a Good Auto insurance Policy
If you're like most people, you probably don't think about your car insurance policy until you need it. But if you want to be sure that you're getting the best coverage possible for your needs, it's important to craft the right policy for you. So here are a few things to consider.
• Many carriers provide auto insurance, so you can shop around with something that fits within your budget.
• Think about the coverage you want and the amount of risk you want to have. Do you want a lower deductible and pay more out of pocket? Or do you want a higher deductible and pay less out of pocket?
• Do you want to have extra coverage on your vehicle to pay for unexpected repair costs?
Consider Adding Additional Coverages
There are additional parts of an auto insurance policy you can add for an extra layer of protection. Having some of these on your policy could help pay for repairs.
• GAP Insurance- GAP insurance is a supplemental insurance policy that helps cover the difference between the amount your car is insured for and the amount you still owe on your loan or lease in case of a total loss.
• Roadside Assistance- This coverage can come in handy if your car breaks down or you get a flat tire while driving. You may also want to opt for rental vehicle reimbursement. If your car needs repair, having this coverage can give you a loaner vehicle for a specific daily dollar amount until it gets fixed.
• MBI Insurance- This is referred to as mechanical breakdown insurance, which is not covered on a standard auto insurance policy. An engine breakdown or transmission problem could end up costing you thousands of dollars without this coverage.
Contact Chevrolet of Bloomsburg for More Information
Our sales team is experts when it comes to understanding your car insurance. Whether you've bought a new vehicle, or you want to know more about getting the best coverage possible, we're here to help. So give us a call or come in to speak to one of our friendly team members.
Although an auto insurance policy differs depending on the type of coverage you have, they typically have the same core components. Understanding these aspects of a policy is necessary if you want to know which repairs are covered by your insurance.
• Collision insurance- Collision insurance covers the damage to your car in an accident with another vehicle. It is required coverage in many states. Even without the requirement, it is important to have it. Collision insurance will pay to repair or replace your car if it is damaged in an accident. Without this coverage, you would be responsible for paying for the repairs yourself.
• Comprehensive insurance- Comprehensive insurance coverage on your automobile means that you are insured for damage or loss to your car, not caused by a collision. This type of insurance protection is beneficial in the case of events such as fire, theft, vandalism, and other types of damage not resulting from a car accident.
What Is a Deductible?
One of the most confusing parts of car insurance is actually figuring out how much you need to pay for a repair. A deductible is the amount of money you have to pay out-of-pocket before your insurance policy kicks in and begins covering losses. Typically, a higher deductible means you'll pay a lower premium. However, make sure you can afford to pay your deductible if you need to file a claim.
Normal Maintenance and Repairs
Another tricky part concerning your car insurance is whether or not your insurance covers standard repairs. The short answer is no. For example, if you need a new set of brakes or your alternator fails, your car insurance won't cover the costs. However, if you have warranty coverage for a new vehicle, a surprise repair is typically covered. New cars typically carry a three-year/36,000 mile bumper to bumper warranty and a five-year/60,000 powertrain warranty.
How To Craft a Good Auto insurance Policy
If you're like most people, you probably don't think about your car insurance policy until you need it. But if you want to be sure that you're getting the best coverage possible for your needs, it's important to craft the right policy for you. So here are a few things to consider.
• Many carriers provide auto insurance, so you can shop around with something that fits within your budget.
• Think about the coverage you want and the amount of risk you want to have. Do you want a lower deductible and pay more out of pocket? Or do you want a higher deductible and pay less out of pocket?
• Do you want to have extra coverage on your vehicle to pay for unexpected repair costs?
Consider Adding Additional Coverages
There are additional parts of an auto insurance policy you can add for an extra layer of protection. Having some of these on your policy could help pay for repairs.
• GAP Insurance- GAP insurance is a supplemental insurance policy that helps cover the difference between the amount your car is insured for and the amount you still owe on your loan or lease in case of a total loss.
• Roadside Assistance- This coverage can come in handy if your car breaks down or you get a flat tire while driving. You may also want to opt for rental vehicle reimbursement. If your car needs repair, having this coverage can give you a loaner vehicle for a specific daily dollar amount until it gets fixed.
• MBI Insurance- This is referred to as mechanical breakdown insurance, which is not covered on a standard auto insurance policy. An engine breakdown or transmission problem could end up costing you thousands of dollars without this coverage.
Contact Chevrolet of Bloomsburg for More Information
Our sales team is experts when it comes to understanding your car insurance. Whether you've bought a new vehicle, or you want to know more about getting the best coverage possible, we're here to help. So give us a call or come in to speak to one of our friendly team members.