Q: What are the basics of auto insurance?

The auto insurance basics are the things every consumer should know about. However, before going any further, it is very significant to keep in mind that the basics always vary depending on the policy you purchase and the company you purchase your policy from. The three main basics of any auto insurance policy are:

• Liability coverage - this pays for body injury or property injury that you caused because of personal negligence
• Property coverage - this pays for any theft or damage done to your vehicle. This should also cover any out of pocket expenses including towing, storage and rent-a-car.
• Medical coverage - treating medical expenses is a significant part of an auto insurance policy. This feature is common and is practically always found in policies.

Make sure that you do the following things if you want to find out what your policy covers:

• Research your policy
• Call your auto insurance company
• Check for the coverage plan you have and research it online
• Make sure that you ask for a copy of your policy
• See an insurance agent
• You should know what your policy has to offer before making any final decisions
• Know when you have to renew your policy
• Know how much your premiums cost
• Know how much your premiums will cost when improving/worsening your credit score
• Be aware of the factors that your auto insurance uses to identify your monthly auto insurance premiums
• Make sure you have a clean driving record in order to pay little