Donald R. Weaver Insurance's Blog

With the state of the current economy, it is getting more and more difficult to purchase new vehicles. Not only do people generally not have that kind of cash these days, but it’s increasingly tough to receive financing and loans for new cars. Purchasing used cars is becoming common amongst the average consumer. Although used cars often do not require as much insurance coverage as new cars, it is important to understand that they still need coverage, regardless of age and condition.

Liability coverage is required by almost every state to be included in your car insurance policy. This coverage protects you from the costs of liability issues (i.e. injuries and/or property damage) should you be involved in an accident. Uninsured/underinsured motorist coverage is protection that every driver should have, regardless of the vehicle they drive. This kind of coverage protects you from costs should you be involved in an accident with a drive who either does not have insurance or does not have enough insurance coverage to pay for your damages, medical costs, etc.

Collision and comprehensive insurance is optional in most states and is a section of coverage that is generally overlooked by owners of “worthless” used autos. If you own a vehicle that has virtually no value, you don’t really need collision and comprehensive coverage on your insurance policy. This is because collision and comprehensive covers the cost to replace/repair your vehicle should it be damaged by collision, among other things. For those who own vehicles worth under around $1,000, this type of coverage is not always an affordable option, as you have to pay a deductible that could render the coverage useless in terms of monetary value.

Those in Pennsylvania who wish to get more information on the different types of coverage detailed in an auto insurance policy should contact Donald R. Weaver Insurance today! Visit our virtual insurance office today at www.weaverins.com!