How Car Insurance Works In Bloomington-Normal, IL
O'Brien Honda is happy to serve customers who visit our dealership with an expansive inventory of new Honda cars near Peoria, IL, as well as our extensive knowledgable about vehicles. Have questions about car insurance? Our staff is here to help.
What is Auto Insurance and Why Do You Need It
Car insurance is a requirement no matter where you live. It hasn’t always been this way, and in the days before compulsory car insurance, victims of accidents were not often compensated for injury and damage to their vehicles. Going to court over a car accident was prohibitively expensive and not a solution for many drivers.
That’s why these days, you must get insurance to ensure you have a financial safety net in case of an accident. It’s cheaper than going to court and provides more peace of mind for everyone. Insurance will help you pay for your repairs and repairs on the other driver’s car if you were more at fault in the accident.
Insurance Coverage Options
Whether you’re interested in a used Honda SUV or you’ve just taken home a new Honda Accord, you have many insurance options in front of you and can pick one that fits your needs and budget. You are required to at least have liability insurance, which pays for damages done to the other driver if you’re the one at fault in an accident. Other types of coverage include:
Collision coverage - covers repairs to your car as the result of an accident.
Comprehensive coverage - covers other instances, like weather, theft, or hitting an animal.
Personal injury protection - helps pay your medical bills as well as those of your passengers, regardless of who was responsible for the accident.
Uninsured motorist protection - covers expenses if you are involved in an accident with an uninsured driver.
Gap Insurance - Standard auto insurance policies cover the depreciated value of a ca r -- in other words, a standard policy pays the current market value of the vehicle at the time of a claim. If, when you finance the purchase of a new car and put down only a small deposit, in the early years of the vehicle's ownership the amount of the loan may exceed the market value of the vehicle itself. In the event of an accident in which you've badly damaged or totaled your car, gap insurance covers the difference between what a vehicle is currently worth (which your standard insurance will pay) and the amount you actually owe on it.
Choosing the right kind of insurance can help you have a safer, happier, and more peaceful driving experience every day you get behind the wheel. The team at our Honda dealership near Pekin, IL, would be happy to answer any questions that you have. Our Bloomington Honda finance department has the knowledge you need to make the right decision. You’ll find us 1602 General Electric Rd., where we look forward to seeing you!