Gable Insurance Group
Auto InsuranceHaving Adequate Car Insurance Is Serious Business
Given the sheer amount of cars on the road and the distractions drivers deal with every day, your chances of being involved in a car accident are plentiful.
When it comes to car insurance, it’s critical to understand what your coverage options are — not just for your car, but for yourself, your loved ones, and the people who may be injured as a result of potential negligence on your end.
If you were ever involved in an accident and found to be at fault for someone else’s bodily injuries, you could lose everything if you’re not properly insured.
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When it comes to auto insurance, people don’t always realize that having excellent coverage doesn’t necessarily mean having higher insurance premiums.
Because Gable Insurance Group is 100% independent, we can take your current car insurance coverage options and compare them with a wide range of insurance providers to see who offers you the best deal possible.
The best part? It doesn’t cost you a penny more to work with us. We are compensated by the insurance carriers directly and work on your behalf to effectively cover your needs and exposures and make sure that there are no hidden gaps in your policy.
No two car insurance contracts are the same, and while two policies side-by-side might look the same, the fine print behind the cover page can vary drastically from company to company.
This means you need someone who truly understands policy contracts, like us, to sort through the exclusions and conditions for you, so you can rest easy knowing that you have the best possible coverage at the best price without having to learn legal jargon.
Important Auto
Insurance Coverages
Collision Coverage
Collision coverage is the part of your policy that will cover your car if you damaged the vehicle itself in an accident with a fixed or moving object like another car, a curb, a house, a guard rail, or something of the like.
Comprehensive Coverage
This coverage also protects your car if something that is not a fixed or moving object damages your car. For example, theft, a rock that cracks your windshield while you’re driving on the highway, an animal you might hit, and so on.
Property Damage
Suppose you damage a guard rail, a house, someone else’s car, or some other property that belongs to someone else. Property damage coverage is the part of your policy that compensates the other person for that damage.
Bodily Injury Liability
This coverage protects your financial interest in the event you injure another party in an accident. Bodily injury liability is the part of your policy that pays the other party for their medical bills and related expenses. Due to the high cost of medical care, it’s dangerous to carry liability limits that are too low. We can help you decide if bodily injury liability is the right choice for you.
Un-insured & Under-insured Liability
This coverage pays you if you are injured by another party that may have been:
- Unidentified
- Lacking a high enough limit of bodily injury liability to cover your expenses.
Uninsured & under-insured liability is also a vital aspect of your auto policy because you have zero control over how much insurance other people are driving around with.
Common Auto Insurance
Rating Variables
Auto insurance rating variables are a critical tool used to fairly and economically price insurance policies.
Typical auto insurance rating variables include:
- Age – Insurance companies use your age in their overall rating algorithms. Drivers under the age of 25 and over the age of 65 usually don’t get preferred rates because statistics show that those two age demographics have the most loss frequency and are therefore more at risk for financial loss due to an auto accident.
- Credit – Credit is a metric that has been used in insurance scoring for many years. The better your credit, the more favorable your rates will usually be.
- Car – The type of car, engine size, safety features, etc., are all part of determining your rate.
- Driving History – Your driving record and loss history play a substantial role in the price of your car insurance. If you have a spotty driving history, or multiple moving violations or accidents, chances are, you won’t get a preferred rate until those things are at least three years old.
- Household – Insurance companies underwrite at the household level, meaning that they take the members of your household into consideration when determining what the probability of loss will be. If multiple drivers in the house are under the age of 25, that will impact everyone’s pricing in the household.
Making your choices easy
If you are looking for a car insurance comparison, Gable Insurance Group makes the process of finding the best company and price easy.
