Auto Insurance
Every driver in Oklahoma must carry minimum liability coverage for financial protection in case of an accident. However, that doesn't mean you are fully covered in the event of an accident. Having the minimum limit means you are likely to pay more money out of your pockets for damages and losses from the accident. Accidents are often costly, and that's why Secure Insurance Group recommends buying other helpful auto insurance coverages to keep you protected on the roads.
Auto insurance basic components
Apart from liability, your auto insurance policy comes with other essential coverages designed to provide extra protection. Each coverage has its own area to cover, and that's why you might want to buy most of the coverages. They include:
- Bodily injury liability
- Property damage liability
- Personal injury protection or medical payments
- Comprehensive
- Collision
- Uninsured/underinsured motorist
How does auto insurance work?
Every car owner is different, and insurers treat them as so. For that reason, you are allowed to customize your policy based on the coverages you need to suit your exact needs and budget. You also have an option to pay your premiums on six months or 12 months' timeframes. Your insurer will remind you when it's time to renew, and some offer discounts if you renew on time.
How premiums are calculated
Insurance companies in Oklahoma use different criteria to determine auto insurance rates. They use the information you provide to assess your rates. Some of this information include your driving record, where you live, the type of car being insured, the age and engine size, and where you store the vehicle.
Who is covered?
Auto insurance is a family policy, and anyone, including friends who drive your car with your permission, is covered. If they cause an accident, your auto insurance policy can help compensate the injured parties and pay defense fees in case of a lawsuit. If you use your car for other purposes like business, auto insurance won't cover the damages or losses.
Need help finding the right insurance plan for you? Secure Insurance Group is more than happy to help. Contact us for a customized policy just for you.
