All That You Need to Know About Car Insurance Basics

 

You will be legally obliged to possess some form of car insurance policy in the United States if you hope to operate a motor vehicle.  There are numerous different packages and providers to choose from, so it is always wise to perform a good amount of research before committing to one firm over another.  Let us take a quick look at some important information that you will need to know as well as the appropriate steps to take if you happen to become involved in an accident.

 

A Look at the Top Providers in the United States

 

While some insurers are specific to an individual state, there are others which offer nationwide coverage.  At the time that this article was written, the top providers were:

 

- State Farm

- eSurance

- Liberty Mutual

- Allstate

- USAA

- The Hartford

- GEICO

 

Of course, each of these is associated with its own rates as well as specific levels of coverage.  This is why you should consult with their official websites in order to learn more about which provides the most amenable options for your driving requirements.

 

What Should You do Immediately Following an Accident?

In the unfortunate event that you happen to be involved in an accident, there are a few important steps to take.  First and foremost, NEVER leave the scene.  Not only will this nullify your claim, but it is also illegal. Be sure to obtain information of all of the parties involved.  This will include their name, address, phone number and insurance information. These details will thereafter be used during the claims process.  Always check if there were any witnesses to the accident such as shop owners and bystanders.  Their testimony could be critical if the claim happens to be taken to court.  Speak with any police officers that arrive and describe the events to the best of your ability. On a final note,never turn down emergency medical services in the event that you feel even minor pain.  There are many instances when adrenaline prevents your body from reacting to injuries, so it is always a good idea to get checked out by professionals.

 

How do Claims and Compensation Function?

This is a rather tricky question and it will depend upon your insurer as well as what state you live in. For example, states such as New York recognize no-fault policies while others do not.  Assuming that a claim has been filed, you will need to deal with a representative from the insurance firm as well as a lawyer (pro bono if necessary).  The good news is that the majority of claims will be settled out of court.  Still, there are always chances that either party wishes to pursue a settlement through official proceedings.  be sure to have all documentation on hand as well as any estimates of damages related to your person or vehicle. This is the best way to ensure a quick conclusion within an agreeable time frame.