If you plan to buy a vehicle, it's important to understand the basics of insurance. At Heritage Chrysler Dodge Jeep® RAM Parkville, your local provider for "car insurance near me," we can help you find the perfect new car and discuss your different insurance options.
Why You Need Insurance
In the event of an accident, car insurance covers damages suffered by you and the other driver. It's not just illegal to drive around without insurance, but it can also be financially devastating.
Without car insurance, you would be on the hook to pay for any damage caused by an accident.
Types of Car Insurance Coverage
- Liability Coverage: This is a requirement in all states and covers you if you are liable for damages incurred in an accident. It would cover injuries and property damage sustained by the other party involved.
- Collision Insurance: Collision insurance covers damage that happens to your car that, for whatever reason, isn't covered by the other person's liability coverage.
- Comprehensive Coverage: This type of coverage can help even when the source of damage to your car isn't an accident or collision. It can cover damage sustained from vandalism, weather events, and more.
- Uninsured or Underinsured Motorist Coverage: Some drivers don't carry enough insurance coverage. Others don't have insurance at all! If you're in an accident with such a driver, uninsured or underinsured motorist coverage can help cover damages that should have been paid out by their insurance.
- Gap Insurance: This type of insurance covers the difference between what you owe on your vehicle and what it's worth. In some cases, new cars can depreciate quickly and leave you with a car that's worth less than your loan is. If your car is totaled, this insurance covers you and the difference between the car's current worth and the amount of the loan that's out on it.
Now that you know more about insurance, it's time you picked out the perfect RAM truck or Jeep SUV. Visit our RAM dealership serving Baltimore today!