What types of auto insurance coverages should drivers consider?

When it comes to auto insurance, there are so many types of coverages available in the marketplace that it can be confusing to know just what type of policies are right for you. If you live in the Clinton, MS area, the agents at OFS Insurance Agency, LLC would be happy to meet with you to design a customized policy to fit your auto insurance needs. 

Mandatory coverage

The first coverage you will need to consider is the mandatory coverage required by the state. Each state has various coverage requirements, so you will want to check with your agent about your state’s requirements. States require you to carry a certain amount of liability coverage, which is coverage that covers liability claims as a result of third party injuries to drivers and pedestrians in the event you cause an accident. Also, this coverage will have a limit for property damage coverage that covers damage to a third parties property. 

Additional required coverage 

Some states will require drivers to carry underinsured/uninsured coverage. Unfortunately, many drivers do not carry insurance even though it is a requirement. In the event you are in an accident with an uninsured motorist, uninsured coverage will cover the accident. 

Optional coverages

Collision coverage is essential coverage in the event you have an expensive car. Collision coverage will pay to repair the damage to your vehicle regardless of who is at fault in the accident. In the event your vehicle is not worth a lot of money, you may want to forgo this coverage. 

Comprehensive coverage is an optional coverage that protects against events outside an accident. Comprehensive coverage covers events such as damage from a storm, theft, and even vandalism. 

If you have a question about your auto insurance policy, reach out to an agent at OFS Insurance Agency, LLC today. We proudly serve the Clinton, MS area.