Did you know that the average driver has a total of three to four accidents in his or her lifetime? Pretty eye-opening statistic if you think about it, but it makes sense when you consider not all accidents are major. Some are just fender benders. Some are run-ins with non-moving objects. Major accidents can cripple you financially without insurance. But even a minor accident can add up to thousands of dollars in auto repairs. That’s why it’s important to have a good auto insurance policy in your pocket.
From new drivers to daily commuters, kid caravans to those that simply enjoy just taking a drive from time to time… Crossroads Insurance will shop our network of top-rated insurance carriers to help you find the right insurance for your needs and budget.
How can I customize my auto insurance?
One of the key things we will you understand about your auto insurance at Crossroads is that not all coverage options and limits need to be the same. And while everyone wants to save money on auto insurance, choosing the lowest premium isn’t always the best option. We’ll help you balance out how the premium costs and the different coverage options will affect or benefit you. Here are some of the auto insurance coverage options you can choose from:
Liability Insurance
Covers bodily injury and property damage to others
Collision Insurance
Covers physical damage to your vehicle caused by accidents
Medical Payment Coverage
Covers medical coverage for you and your passengers
Comprehensive Coverage
Covers physical damage to your vehicle caused by theft, vandalism, hail and falling objects
Uninsured/Underinsured Motorist Coverage
Covers medical expenses, pain and suffering and loss of wages for you if you’re in an accident with someone that does not have insurance or very low amounts of coverage
Additional Coverage Options
Enhance standard policies with coverage for towing and labor, car rental loan/lease coverage and more.
Can I choose just liability insurance?
Some people opt to go with liability-only insurance. Most states require you carry at least this level of insurance. While liability-only insurance has the lowest premium and is the cheapest option for sure, most of the time liability-only insurance won’t be the best option for you – especially if you are still paying on your vehicle loan. Liability insurance only protects you if you’re at fault in an accident by paying for bodily injury or property damage to others. It does not cover damage to your vehicle, and you would be personally responsible for any claims that go over your policy’s limit.
How does collision insurance differ from liability insurance?
Collision insurance covers damage to your vehicle should you be in an accident. If your car is leased or financed, most banks will require this level of coverage. While this insurance is smart to have, there may be a point where it makes sense to drop collision insurance. This is especially true if you can easily replace your vehicle. Crossroads Insurance will help you determine if this is the right move to make for your situation. Some of the factors we look at to determine this are the resale value of your vehicle, your driving record and how much you pay for this coverage.
What does “full coverage” insurance mean?
Many people refer to comprehensive insurance as “full coverage.” Truth is, there really is no such policy. Comprehensive coverage is an add-on. It doesn’t cover everything, but it will pick up a few extra situations that liability and collision insurance don’t cover damage to your vehicle caused by theft, vandalism, hail and falling objects. Most banks will require you add this option to your policy if your vehicle is leased or financed.