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The basics of Car Insurance
Personal Car Insurance can help provide financial protection for you and your vehicle in case of an accident, theft, or damage. Generally, a car insurance policy includes liability, property, and medical coverage for any drivers and vehicles specified in your policy. Most states require their own minimum amount of liability coverage. State minimums can usually help cover minor accidents, while more serious ones can easily exceed these limits. It is essential always to consider increased liability limits and uninsured and underinsured motorist coverage to help ensure you are financially protected in the event of an accident.
Unfortunately, shopping for car insurance isn't as simple as looking at a few price tags and purchasing the cheapest one. It is very important to know what coverages and exclusions are listed on your auto insurance policy. Car insurance coverage can vary by insurer, and your policies' coverages and limits can be the difference in whether a claim is paid or not. Before picking out a car insurance policy, it is crucial to identify what your car insurance needs are.
When purchasing a car insurance policy with CPK Insurance, we aim to evaluate your auto insurance needs and create extensive auto coverage tailored to your needs. Our carrier partners comprise the nation's top car insurance companies allowing us to maximize savings and value for you.
The basics of personal car insurance
How much car insurance coverage do I need?
Auto insurance helps protect you and your family members per the agreed policy. It also can help protect other individuals who drive your vehicle with your consent. A personal car insurance policy is designed for personal driving only. Any undertaking that involves commercial use of your auto, for instance, making business deliveries, is not covered under a personal auto insurance policy.
Also, it is important to note if you use your vehicle to provide ride-sharing services such as; (Uber and Lyft) personal car insurance coverage won't suffice. The insured, in such scenarios, is required to pay additional charges for supplemental insurance products.
Car insurance coverages can vary by carrier; that's why it is crucial to understand what your policy coverages are. Some common coverages you will typically see on a general auto insurance policy include:
Liability coverage
Liability coverage helps financially protect you if you are at fault in an accident. It can help pay for damage to other people's property and medical expenses.
Comprehensive coverage
Comprehensive insurance coverage can help repair or replace your car from damages caused by theft, fire, weather, or vandalism.
Collision coverage
Collision coverage protects against damage to your vehicle resulting from a collision with another object.
Uninsured Motorist Coverage
Uninsured/underinsured motorist coverage helps pay for accidents caused by another driver who doesn't have insurance or doesn't have enough insurance coverage limits to cover the damages they caused.
Medical Payments Coverage
Medical payments coverage can help pay for medical expenses incurred by you and your passengers after an accident, regardless of who is at fault.
How much car insurance coverage do I need
How are car insurance rates determined?
Car insurance quotes are calculated based on many factors, including the driver's age, driving history, location, and the type of car being insured. Insurance companies use these factors to determine the level of risk associated with insuring a particular driver, and rates are set accordingly. In general, younger drivers and those with poorer driving records will pay higher rates than older drivers and those with clean records. Higher-valued vehicles will also experience higher rates. By understanding how insurance rates are calculated, motorists can be better prepared when shopping for coverage that fits their insurance needs and budget.
How are car insurance rates determined
How to save on car insurance?
You can take advantage of many potential savings when shopping for car insurance. Discounts offered to vary by carrier. These are some of the most common discounts to help save money:
Telematics coverage - Many of our carrier partners are now offering coverage based on how well you drive (telematics coverage). Several of our carriers provide savings of up to 40% after your renewal based on your telematics score. You can easily apply for this discount by signing up through your carrier's app on your smartphone or using a plugin device. Both options allow your insurance carrier to track your daily driving habits to calculate your discount securely. Usually, our carriers offer a discount just for signing up, and we highly recommend at least one driver on the policy to take advantage of the potential savings.
Bundling - Taking advantage of insurance companies' multi-policy discounts can help you save on car insurance. Bundling insurance is where you buy multiple insurance products from the same provider. By bundling your home and auto insurance, your insurance provider rewards you with discounts and money-saving perks.
Good Student Discount - If you are a full-time student with good grades, you may be eligible for a discount on your personal car insurance premium.
Pay in full - Most insurance companies provide discounts when premiums are paid in full.
Multi-Car Discount - You may also get a discount if you insure more than one car with the same insurer.
Homeowner discount - Insurers also offer discounts for homeowners even if your home insurance policy is not with your current car insurance provider.
How to save on car insurance
How CPK Insurance Services can help you save on car insurance
Our team of experienced agents is dedicated to helping you find solutions that best fit your unique needs, budget, and lifestyle.
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Insurance all in one place
Purchasing your homeowners and auto coverage from the same insurer can provide savings of up to 25% overall!
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Compare and Save
We compare multiple quotes from our network of top-rated insurance carriers to maximize your coverage and savings.
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Automated Savings
When you purchase a policy from us, we review your policy every renewal to ensure you receive the best-valued coverages.
How we can help
Protect what matters most
With a wide range of services and competitive prices, CPK Insurance Services offers an incomparable combination of personalized advice and quality service.
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