Auto Insurance

Out of all the difference types of insurance out there, the only one in which you see daily use from would be auto insurance; that is if you drive or own a car. Almost all states require some sort of auto insurance while in a vehicle. In the state of Oregon the minimum requirement for auto insurance by state law is liability. The amount of liability coverage you need all boils down to how much the individual is willing to pay for their auto insurance policy. Liability auto insurance basically states that while you are in operation of a motorized vehicle, if any accident occurs and involves damage to buildings or any type of property you are covered. A general auto insurance policy with good liability coverage would protect you from property damage up to one million dollars.

Other types of auto insurance you can add to your policy would be your comprehensive and collision deductibles. With comprehensive deductibles, like any auto insurance allows you to pick and choose how high or low your payment upon accident will ask you to pay up front. Comprehensive damage entails any small damages such as rock chip fills, or entire windshield replacement. If you have a rock chip that turns to a crack causing you to replace the windshield it would be a great to have a low deductible around fifty to one-hundred dollars co-payment. Now you get a brand new windshield for fifty bucks, where retail they go for around two hundred and fifty dollars.

Collision deductibles tend to be slightly higher, somewhere in the range of 250-500 dollar range. These are the most commonly collected in the auto insurance industry. When you get into an accident this 250 payment would cover you on any damages done to your vehicle regardless of fault. At the end of the day when you are looking at your auto insurance you will know that if you pay more per month, you can get lower deductibles, if you pay small amounts you run the risk of having higher deductibles paid when an accident occurs.