Did you know that auto insurance is a requirement in 48 out of 50 states? Every state except New Hampshire and Virginia requires drivers to have a minimum amount of liability coverage. If you live or are near the Senatobia, MS area, Storey Insurance can provide you with the coverage you need.

Why is auto insurance important?

Auto insurance is needed for any damage you cause, to comply with state laws, to meet lender requirements, and to protect your personal assets.

There are three types of coverage on an auto insurance policy:

• Liability coverage pays for the other driver’s expenses in the event you cause an accident. It does not cover your damage. The two types of liability coverage are bodily injury and property damage.
• Collision coverage helps pay for repairs or replacement of your car if it is damaged in an accident with an object or another vehicle. This type of coverage is usually required by a lender in the event your vehicle is financed.
• Comprehensive coverage pays to repair or replace your vehicle if it is stolen or damaged in an incident not involving a collision with another car.

An automobile insurance policy is an agreement between you and the insurer. If you continue to pay your premiums, the insurance company will cover the cost of vehicle repairs, injuries, and other types of damage. You choose the coverage limits that determine the amount of financial compensation you will receive from the policy. As you increase the policy’s limits, the insurance premium will go up.

Insuring your vehicle with full coverage will offer more protection and is required if you are still making payments for the vehicle. If you are driving a car that is more than ten years old, has higher mileage, or if you are in a financial position to easily replace your car, you may want to consider a liability-only policy.

Get Auto Insurance Today

Storey Insurance in Senatobia, MS acan provide a quote or answer any questions you may have. Contact them today.