Auto Insurance Laguna Hills

Forty-seven out of the fifty US states require some kind of auto insurance.  Often called “car insurance,” this insurance covers cars, trucks, and other vehicles.  The purpose of auto insurance is to provide protection for the insured against liabilities and losses incurred from traffic accidents.

Prior to purchasing auto insurance there are many factors to consider.  Each state has its own laws regarding insurance, the specifics of which will vary from state to state.  Some states require a person to actually hold liability insurance before ever being issued a driver’s license.  You must also consider the kind of auto being insured, driving record of the person applying, and just how much the applicant is willing to pay.  The less the applicant is willing to pay towards any claims for damages or liabilities, the higher the premium.  If the applicant is willing to be responsible directly for more of the damage and liabilities, the premium will be lower.

Questions about auto insurance? Do you or a loved one need help identifying the best coverage, or looking for low cost auto insurance?

The professionals at SoCal Platinum Insurance are car insurance experts. Call today for a free consultation. (949) 716-3344 Or use our contact form, found to the right.

There are many types of auto insurance coverage available.  California laws require that Personal Liability and Property Damage coverage, often referred to as PL and PD, are secured for every auto and every driver of that auto.  These two categories fall into the general types called Liability and Collision, respectively. The minimum requirements include $15,000 for injury or death of one person, $30,000 for injury or death to more than one person, and $5,000 for damage to proerty per incident.

Other than PL and PD, here are the common types of coverage:

Comprehensive: This is coverage that will pay for any loss or damage to the insured vehicle that is not a result of an accident.  This includes theft, vandalism, fire or other natural hazards.

Medical: Medical coverage pays for medical expenses in the case of an accident, regardless of whose fault the accident is.

Uninsured and Underinsured Motorist: These two types of coverage pay for damages to the insured auto when an accident is caused by a driver who has no liability insurance or insufficient liability insurance, respectively.

Rental Reimbursement: In the case of an insured auto being damaged in an accident rental reimbursement insurance pays the cost of renting a vehicle while the insured vehicle is being repaired.

Insurance policies often combine some or all of these types or coverage listed above.  Since each state has different laws regarding requirements, your choices for selection of auto insurance start with the state laws in which you live and drive.  Deciding what coverage you may add onto the bare minimum depends on overall risk factors, such as how much you drive, how far you drive, the value of your auto, etc.  In most cases it is recommended to purchase coverage above the minimums, saving you from having to pay for costs of injury and damages personally that exceed what the insurance covers.

Chad Olson, an independent insurance broker and a veteran in his field, will assist you in determining the best coverage for you and your auto, along with the best rates.