Auto Insurance

Kathryn PaviaAll Blogs, Auto Insurance

The right auto insurance policy can help get you back on the road quickly if your car is damaged or destroyed by accident, fire, theft, or other covered event. Your policy may also provide protection against medical and legal expenses resulting from injury, loss of life, or property damage caused by an accident involving your vehicle.

An auto insurance policy is a contract between you and an insurance company. You pay a premium, and in exchange, the insurance company promises to pay for specific car-related financial losses during the term of the policy.

How much auto insurance is right for you?

Based here in Greenville, SC, our team of Advisors understands the auto insurance needs of our customers. Auto insurance requirements vary by state. Work with us to determine the best coverage for you.

In some states, to drive you must carry:

  • Liability coverage – to pay for losses you cause others, or:
  • No-fault coverage – to pay you and your passengers for medical and related expenses caused by injuries from a car accident, regardless of who is at fault, or
  • Both liability and no-fault coverage

South Carolina law requires every driver to have liability insurance.  In the event you are found at-fault in an accident, liability insurance helps pay for the other driver’s damages and/or injuries.  Damages may also include damage to property other than a vehicle, such as buildings, fences, walls, and equipment. 

The following limits are required in South Carolina, per the South Carolina Department of Insurance:

  • $25,000 for property damage to another person’s vehicle or any other property
  • $25,000 for bodily injury and death to any single person, and $50,000 for injury and death to all persons involved in the accident
  • $25,000 per person and $50,000 per accident for uninsured or underinsured motorists, and $25,000 for property damage (there is typically a $200 deductible)

Even in states where coverage isn’t required, drivers must, by law, be able to pay for losses they cause others. Having insurance is the simplest way for most people to comply. To finance a car, it is usually necessary to have insurance which covers damage to your vehicle. This includes:

Additional Coverage Options

Collision Insurance

Collision insurance coverage pays for damage caused to your vehicle in an automobile accident. Standard collision coverage will pay for any repairs up to the fair market value of your car. Collision coverage usually also comes with an insurance deductible. It’s the amount of money you pay toward repairs before your collision insurance kicks in. The higher the deductible you’re willing to pay, the less the collision coverage will cost.

Comprehensive Insurance (Other than Collision)

Comprehensive insurance covers damage done to your car in some way other than a collision, such as if it were stolen or vandalized. Flood, hurricane, theft, windshield damage and fire are also events usually covered by comprehensive car insurance. Like collision, comprehensive will pay up to the fair market value of your car (less your insurance deductible). And although it’s not legally required by any state, you will probably need it if your car is financed.

Medical Payments

This coverage will pay for medical expenses for you or your passengers and family members in the event of a collision, no matter who is at fault.

Rental Reimbursement

This coverage pays for a rental car for your use during repairs under a covered claim.

Towing and Labor

This pays for towing or other roadside assistance needs in non-collision events.

Insurance for trucks, boats and more!

Advisors Insurance Agency can insure your Motorcycle, Classic Car, Motor Home & RV, Boat & Jet Ski, and ATV too!  We also offer commercial auto insurance

Still have questions?  That’s what we’re here for.  Every person is unique, so talk to us today to find out how to get the best price and value on auto insurance for YOU.  Additionally, The SC Department of Insurance offers a great resource with their Automobile Insurance Shopping Guide for Consumers.

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