Car Insurance Coverage


Car Insurance Coverage: Everything a Car Owner Should Know

As a car owner, having car insurance is vital for protecting your financial well-being in the event of an accident. Understanding the different types of coverage and which suits can help ensure you are compensated adequately in the case of an unexpected event. At Bob Moore Collision, we work directly with insurance companies to help drivers get the compensation they deserve. Continue reading if you want to understand the basics of car insurance, how to choose the right coverage, and what you should consider when selecting a plan.

The Basics of Car Insurance Coverage

The purpose of having car insurance is to protect you financially in the case of an accident or other covered event. It usually covers costs such as repairing or replacing your car, like a totaled vehicle. Plus, the coverage can cover any medical expense incurred due to the accident. There are several types of car insurance policies, each with its purpose:

  • Liability Coverage is the most basic form of coverage. It provides financial protection if you are at fault for an accident or sued for damages.

  • Collision Coverage provides financial protection if your vehicle is damaged in an accident, regardless of fault.

  • Comprehensive Coverage provides financial protection for non-collision events like theft, natural disaster, or fire. Other instances include severe storms and natural disasters, hitting an animal, and acts of God or nature that are typically out of your control when driving.

You must pick the right policy depending on your vehicle ownership status. Most states require you to have full coverage (combination of Collision and Comprehensive Coverage) if you finance or lease a vehicle. Be sure to check with your lender and state laws before starting any policies.

How to Choose the Right Car Insurance Coverage

It's important to consider things like the value of your car, your driving habits, and your budget when searching for car insurance. It may not be clear what plan is best for you, so here are some tips that may help you determine what is best for your situation.

  1. Be aware of the liability coverage limits. Liability coverage limits are the maximum amount of money the insurance company will pay in the event of an accident or covered event.

  2. Choose a policy with a high deductible if you want to pay a lower monthly payment and less out of pocket in the event of an accident.

  3. Compare quotes from multiple companies to ensure you get the best coverage. Insurance rates can vary from company to company, so comparing quotes before continuing with a plan is essential.

With all of these tips considered, understanding your situation is essential to knowing what plan is best for you vehicle. Once you understand what coverage you need, be sure to shop around and get the best quote possible. 

Other Things to Consider When Shopping for Car Insurance

When searching for car insurance, there are other factors to consider outside of price and coverage. First, you'll want to check the reputation of the insurance company. Look through their reviews and research their financial stability. You'll want to research their level of customer service and ensure you'll have direct contact in the case of an accident. Lastly, as stated above, you'll want to shop around and compare quote from multiple companies. If you take the correct steps before hand, you'll be able to find a plan that fits your vehicle and budget.

Common Car Insurance Questions

How much car insurance coverage do I need? (These requirement only apply to Oklahoma)

Oklahoma Insurace Coverage Requirements:

  • Bodily Injury Liability  (per person) - $25,000

  • Bodily Injury Liability  (per accident) - $50,000

  • Property Damage Liability - $25,000 

Is it necessary to buy rental car insurance? 

In most cases, your providors offer coverage for rental cars in the case of an accident. There is an optional coverage that can pay or assist with the cost of a rental vehicle while your car is being fixed. It is common for your provider to have limits per accident, per day, and a maximum number of days (such as $600 per accident, $20 per day, and 30 days maximum) for this coverage, which can cost less than $10 per day.

Receive a Free Estimate at Bob Moore Collision Center

If you have car insurance and are in need of a repair, contact us at Bob Moore Collision Center. We can work directly with your insurance company to handle your claim whether you're located in Norman, Stillwater, or Tulsa. Book your appointment online today, or complete our short form to receive a Free Estimate.