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Check out this quick guide on how car insurance works. The video covers definitions of important terms, what is required by law and much more.

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Car insurance helps protect you from the costs of a car accident. You pay for certain insurances, and if you have an accident, your insurance company can reimburse you for the expenses you incur.

However, your insurance may also include compensation for injuries to you and your passengers, damage to your vehicle, protection against uninsured drivers and more.

Car insurance doesn’t cover wear and tear, and it doesn’t cover people who regularly drive your car but aren’t covered by your policy.

Most states require a minimum liability. And if you get a car loan or lease, your lender may also require comprehensive and collision coverage.

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Car insurance helps you prepare for expensive accident costs. Contact us today to discuss the best protection for you.

Car insurance is required in almost all countries. Driving without insurance can result in fines, driver’s license suspensions or even imprisonment. , like most other insurers, will ensure that any policy you choose meets your state’s requirements.

Car insurance covers certain driving-related accidents that occur on or off the road in the policies you choose. While coverage may vary by state, these are standard coverages for most auto insurance policies:

However, sometimes you can add coverage or buy a separate policy or car warranty to cover things not covered by your car insurance. For example, if you drive a car for a carpooling service, you can add the carpooling service to your car policy.

Motor Insurance Services

When deciding how much auto insurance to get, you need at least the amount of auto insurance required by your state, which usually includes minimum liability. Your state may also require some coverage for UM/UIM and PIP or medical payments. If you have a car loan or lease, your lender may also require comprehensive coverage and collision coverage.

Insurers take many factors into account when determining your car insurance rate, such as your age, driving history, location, and the make and model of your car. Find out about car insurance discounts and tips for getting cheap car insurance.

Your auto insurance premium is the amount of money you pay your auto insurance company in exchange for coverage. In general, you have the option to pay the insurance premium monthly or all at once for the duration of the insurance.

Your car insurance deductible is the cost you have to pay before your insurance company will cover the claim.

Understanding Commercial Auto Insurance In Florida

Example: You have collision coverage with a $500 collision liability. You hit a telephone pole and your car cost $2,000 to fix. If you make a car insurance claim, you will have to pay $500 for the repairs and your insurer will pay the remaining $1,500.

You can choose your deductible amount from the options offered by your insurance company. The higher the deductible, the more you are liable for claims, but the lower your insurance premium. If you choose a lower deductible, your insurance premium will be higher, but you will not pay as much in the event of a claim. It’s no secret that car insurance rates are on the rise, so you want to get the best price before you do. on. In fact, they have steadily increased over the past couple of years. So what is causing these increases? There are several factors, and this blog post will take a closer look at some of them.

Financial expert Mike Clarke predicts, “I want you to be careful and understand…that [auto insurers] are feeling price pressure and may not want to take it. You could be in for a big increase in premiums if you’ve done nothing — no wreck, no tickets — nothing .

The Covid-19 pandemic has affected our economy, especially the supply of semiconductor chips used in car manufacturing, driving the prices of both new and used vehicles to record highs.

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The increase in used car prices makes people directly buy used instead of new, as the sticker shock to new car prices increased by 12.2%. There are far fewer options, which means buyers have had to pay more for their vehicle than usual because there is less competition in the market.

According to the latest data from Traveler from 2020 to 2022, used car prices rose 26% in 2018, while the US Bureau of Labor Statistics estimates prices will rise 40.5%.

Clark points out that unusual market conditions have made auto repairs more expensive for everyone. According to reports, the cost of auto parts is 6 percent. Insurance companies are also experiencing tension, and the average claim price increased by 20 percent.

Weather-related disasters are becoming more frequent and more severe. 2021 saw 20 separate billion dollar weather AND climate change events, including winter storms, wildfires, tornadoes, hurricanes, etc. The National Oceanic and Atmospheric Administration estimates that these storms caused about $145 billion in damage in just one year!

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Hurricane Ida made landfall in 2021 as a powerful Category 4 storm, and its devastating effects are still being felt in Louisiana. The hurricane hit the state with strong winds that caused extensive damage to homes as it traveled through the southeastern coastal regions of the United States. As a result, the prices of their cars increased by 41%.

With this in mind, it is essential to re-evaluate your car insurance policy. Even if you’ve recently been in an accident or bought a ticket, you may be able to get lower auto insurance by shopping around.

“This year is very important to be able to buy auto insurance again,” says Clark. “If you get notified of a huge increase and have a clean record, other insurers are more likely to be interested in you, and buying your policy with someone else can make a big difference.”

Fortunately, Texan Insurance is a full-service agency that can shop over 40 different carriers and help you find the best coverage. If you are already our customer, you don’t have to worry. During renewal, your account managers will automatically review your policy to see if they can find a better rate and coverage. Commercial auto insurance is liability and physical damage protection for vehicles such as cars, trucks, and vans that are used for business purposes. Commercial vehicles require a separate policy because they are generally more at risk than personal vehicles.

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Commercial auto insurance isn’t just for industrial vehicles like semi-trailers or dump trucks. For example, companies that use a car to run errands, for transportation, or to transport customers may also need a commercial auto policy.

Progressive commercial auto insurance protects your company’s vehicles when they are used for work. They need their own policy because they tend to be more at risk than personal vehicles.

Businesses such as contractors, landscapers, and truck drivers usually require a commercial auto policy. Businesses such as stores and restaurants that use a car to run errands or transport customers may also need commercial auto insurance.

Several factors can affect how much you pay for commercial auto insurance, including your occupation, coverage needs, vehicles and location.

To Whom Will An Auto Insurance Claim Check Be Made Out?

But don’t worry. Progressive Commercial offers customizable coverage options to lower premiums and protect your business, including primary liability, uninsured motorist and more.

To protect your business and your income, it is important to choose commercial vehicle insurance that meets your needs. A commercial car insurance quote usually includes:

We can also adjust your policy according to seasonal changes to keep your rates low and your coverage consistent.

We also offer special benefits such as customized protections, competitive rates, discounts, emergency replacement services and more. Commercial vehicle insurance covers:

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Includes cars, trucks, SUVs, vans and more. Business car insurance customers receive benefits such as discounts and access to online stores nationwide.

From dump trucks to tractor trailers, we have the experience you’re looking for. We offer 24/7 claims service, an extensive truck repair network, discounts and much more.

We offer a wide range of commercial trailers, from flatbed trailers to large tractor-driven tipper trailers.

In 2022, the average monthly cost of commercial auto insurance through Progressiva ranged from $172 for contractors to $175 for business auto customers. The average monthly price was about $220.

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Most customers find that their monthly payment is closer to the average price because expensive shifts often increase the average cost.

Fees for rental and towing vehicles

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