Shopping for auto insurance can be confusing. Consult this primer when comparing policies:
• What’s a deductible? The flat fee paid, out of pocket, when a claim is filed. The higher the policy the lower the deductible (and vice versa).
• What’s full-coverage insurance? The trifecta in coverage includes liability (covers medical care and property damage), collision (covers vehicle repair or replacement) and comprehensive (for non-accident related damage like theft, vandalism or natural disaster).
• Whose policy pays? Post accident, the carrier representing the party at fault typically foots the bill.
Read on to learn more. In the meantime, shop (and drive) wisely.