Basic auto insurance is what the state says you need to carry. It varies from state to state. In Nebraska, it is 25/50/25 and 25/50. What this all means is something we at Brokers Insurance Agency in Lincoln, NE make it our responsibility to inform our customers of and make sure they have the appropriate coverage.
The required insurance is liability coverage and underinsured or uninsured coverage. You must have $25,000 for injuries to one person and $50,000 for all accident injuries, and $25.000 for property damage. You also need to protect yourself and any passengers in your vehicle from medical injuries or lost time resulting from under-insured or uninsured motorists. This is $25,000 for one and $50,000 for all injuries or lost time.
But what about your car if you are the responsible party? Can you afford to repair or replace it? If the answer is no, then you need to consider additional coverage.
Collision covers damage to your car if you are responsible for the accident, are the victim of a hit and run, or are an uninsured or underinsured driver.
Comprehensive coverage protects your vehicle from several different hazards, including theft, vandalism, flooding, high winds, and hail, just to name a few.
If you break down and need to be towed, have a flat tire, or lock yourself out of your vehicle, having roadside assistance will mean that someone will come to help you.
When you buy a new vehicle, it loses value as soon as it leaves the showroom. This will guarantee you will have enough coverage to pay off your loan.
To learn if basic auto insurance is the right choice for you, give our team at Brokers Insurance Agency in Lincoln, NE a call today.