from work, to go shopping, and most importantly to get to and from recreational events. At Envoy Insurance,
we take time to ask the questions necessary to recommend the right coverage for your situation.
Most people complain about the cost of their auto insurance, since a typical policy costs at least several
hundred dollars a year. Depending on your age, driving record, and other factors, your annual premium can be
significantly more than that. So how can you lower your premium and save yourself money?
If you own a car and drive it, going without insurance is generally not an option. In most states, you are required
by law to purchase a minimum amount of liability coverage, and you should probably have more than just the
bare minimum if you want to provide yourself with adequate protection. There are steps you can take to reduce
your auto insurance costs without having to cancel your policy.
There are several ways to save money on your auto insurance which include: increase deductibles, be familiar
of your credit report, do not use your car for business purposes, drive more safely, have safety/anti-theft
devices installed, inquire about multifamily/multipolicy discounts, in some cases taking a defensive driving
course, being a AAA member or staying with the same auto insurance company for a number of years. These
discounts vary by company.
Property Damage Liability - provides coverage if you or a covered driver is legally liable for damage to another's property resulting from an auto accident.
Personal Injury Protection Coverage (PIP) - Provides coverage for injury, death, loss of services and loss of income suffered by you, your covered passengers, or
covered family members.
Uninsured/Underinsured Motorists Coverage - Provides coverage if you, your covered family members, or covered passengers are injured or killed in an accident
involving a legally liable uninsured driver.
Medical Payment Coverage - covers medical expenses for injuries to yourself, your passengers and others, no matter who is at fault. It also covers any kind of
accident involving an automobile whether you are walking or on a bicycle.
Auto Loan Lease Gap Coverage - pays unpaid amount due on the lease or loan for your vehicle in the event of a total loss.
Repair or Replacement Collision Coverage - pays for the repair or replacement of your vehicle whether or not the repair costs exceed its actual cash value.
Extended Transportation Expense Coverage - pays you for loss - of- use of your car due to a covered incident.
Towing and Labor Coverage - pays the towing and labor costs each time your auto is disabled. The insurance company will only pay for labor performed at the place
of disablement.
Collision Coverage - Provides coverage for repairs, minus your policy deductible, if your auto is damaged in an accident. (A deductible may apply.)
Comprehensive Coverage - Provides coverage for damage to your auto caused by falling objects, fire, theft, vandalism and many other non-collision losses. (A
deductible may apply.)
Please note that this description/explanation is intended only as a guideline.
