Auto Insurance
Auto insurance is a necessity if you drive a vehicle. No matter what kind of vehicle you drive (car, truck, boat, motorcycle, or scooter) or how old it may be, even if you've had trouble in the past getting insurance, auto insurance is a legal must. We’ll help secure an auto insurance plan to meet your needs and budget.
Currently, there are no federal regulations saying that all drivers must buy insurance. Auto insurance laws are set at state level, and many different states have very different laws. The state of North Carolina requires that all vehicles registered in the state have liability insurance. By protecting yourself with quality auto insurance, you can save yourself a lot of money in the long run.
On average, there are about 6 million car accidents in a year and the truth is, you can never be truly prepared for when an accident is going to happen. Whether or not you are a great driver, accidents are caused from negligent drivers. Cell phones and texting, reading, looking at a GPS, and doing make-up, are all common reasons distracted drivers cause accidents. If you are not protected with quality auto insurance, you could potentially pay out a lot of money for car repairs, medical bills, and more, especially if you are at fault.
Common Auto Insurance Terms
Agent – This is the person who sells the insurance policy.
Adjuster – This is the person who investigates and settles insurance claims.
Anti-Theft – This security system helps deter theft from your vehicle. Having these systems can help decrease your insurance policy.
Binder – This is a temporary insurance contract providing proof of coverage until you receive the permanent policy. This is used when you are trying to get a loan for a vehicle or to purchase the vehicle itself, to show that it is insured before driving it off the lot.
Collision Coverage – This type of coverage pays for damage to your car when you have collided with another object. Your repairs will be covered, minus your deductible.
Comprehensive Coverage – This type of coverage pays for damage or loss caused by events other than accidents. This may include hail, fire, floods, vandalism, and theft.
Deductible – This is the amount you must pay before any payment is made from the insurance company. The higher your deductible, the lower your premium.
Full Coverage – This type over coverage refers to having more than just liability coverage.
Liability Insurance - This type of coverage pays for injuries to the other party as well as damages to their vehicle from an accident you caused. This coverage also includes payment if the accident was caused by someone also covered by your policy, including a driver operating your car with your permission.
Premium – This is the amount of money paid to an insurance company for your insurance policy.
Underwriter – This is the person who reviews an insurance application and decides if the applicant is acceptable. They also decide what premium rate would be based on a variety of factors.
Ask About Our Auto Insurance Packages!
Call The New Team Insurance Services in Rocky Mount, NC today for more information on our auto insurance packages and find out how we can keep you protected. Insurance coverage will help protect you from distracted drivers, aggressive drivers and more. Let us help find a plan that works for your needs and budget. Call today!
