Collision coverage will pay for physical damage to your vehicle caused by colliding with an object. Some events covered, but not limited to, roll over crash, collision with another vehicle or object such as building, fence, and telephone pole.
Medical payment option can help cover accident-related medical expenses or funeral expenses for yourself, other drivers on your policy or passengers in your car. If can also offer coverage if you’re struck by a car as a pedestrian.
Personal Injury Protection
Personal Injury Protection can assist you, as the driver and passenger after an accident. Regardless of fault, it is an additional coverage for hospitalization, medical expenses, lost wages and rehabilitation.
Emergency Roadside Assistance
Emergency Roadside Assistance (ERS) can be a great coverage. This coverage will assist drivers who are stranded on the side of the road for assistance such as towing, locked out of a vehicle, tire changes, in need of gas, battery jumps and many more.
Rental Car Coverage
Rental car coverage can be a big help when you only have one car or one car per driver in your home. This coverage will provide the cost of a renting a vehicle while yours is in the shop due to an accident. You must have comprehensive and collision coverage in order to carry rental car coverage.
Loan Lease Gap Coverage
Many auto dealers will sell you GAP coverage. It is easy to add to the loan payment while you are purchasing a car. However, it is usually much cheaper through your insurance company. What is it? GAP coverage covers the difference between the actual cash value (ACV) and the amount you owe on your vehicle in the event the vehicle is totaled. Let’s say you owe $20,000 on your car, but the car is now worth $13,000. You are in a car wreck and your car is now totaled. Your insurance company is going to send you a check for $13,000, you will be responsible for the additional $7,000 in order to pay the car off. This is where GAP can help you. It would pay the additional $7,000.
Georgia does not require that you carry uninsured/underinsured motorist (UM or UIM) coverage. This is a supplemental coverage that you can accept or reject. This coverage will cover you in two ways.
1. If the at-fault driver does not have any insurance, your policy will cover you up to the limits you purchase.
2. If the at-fault driver has insufficient insurance (being underinsured) your policy could add additional coverage for you.
There are options inside the Georgia Uninsured/Underinsured Motorists law, "reduction" and "excess or add-on" coverage. If you chose reduction coverage, your UIM would be reduced by their coverage. If you carry a $25,000 reduction UIM policy and the at-fault party has $25,000, then they would cancel each other out. So excess or add-on coverage is the opposite. If you have a $25,000 add on UIM policy and they have $25,000, then you would have a total of $50,000.
Comprehensive coverage can be added to your coverage to cover repairs to your vehicle for losses other than collision. Some events are, but are not limited to, fire, theft, vandalism or contact with persons, animals, birds or falling objects.
Georgia law requires any owner of a motor vehicle to carry liability insurance on the vehicle. What does that mean? Many auto owners do not understand what liability insurance is and why we need to carry it. Liability insurance protects other drivers in the event you cause a crash. It will pay for the other drivers bodily injury and property damage. While it protects the other party, it also can protect you.
Minimum liability limits in Georgia:
$25,000 of Bodily Injury per person
$50,000 of Bodily Injury per accident
$25,000 of Property Damage per accident
In Georgia, a person injured in an auto accident can seek compensation for damages in three ways:
1. By filing a claim with his or her own insurance company. (The insurance company will in-turn seek compensation from
the at-fault driver. This is known as subrogation)
2. By filing a claim with the other driver's insurance company directly.
3. By filing a personal injury lawsuit in civil court
In the event the liability amounts are exhausted in a claim, the at-fault driver could be personally responsible for other costs.
Factors That Affect Your Rates
We all know a ticket can affect our insurance rates, that is no secret. However, there are many other factors that can affect our rates too. Your age, your driving history, your claim history, your marital status, zip code, credit score and occupation are all other factors that can affect your rate. It is always best to have continuous insurance coverage, a gap in insurance can cause your rates to be high. Some companies will give a discount for young children. For more information you can visit www.dmv.org