10 things you should know about car insurance in Louisiana

1. 10 things you should know about car insurance in Louisiana You probably don’t think about your car insurance very often. And that’s okay, because car insurance doesn’t need to be one of those things you are thinking about all the time. However, if you do drive, and especially if you drive a lot or have expensive tastes in cars, then you need to be informed about what kind of insurance coverage you need. So what does car insurance cover? In this post, we will explore some basic information about car insurance in Louisiana. What does car insurance cover? Insurance is a contract between you and the insurance company. In return for a premium, the insurance company agrees to pay for certain losses that you could suffer as a result of certain events. When you drive a car, there are several kinds of losses that you could incur. - Liability coverage protects you if you cause an accident and injure someone or damage their property. - Comprehensive coverage protects you if your car is stolen, vandalized, or damaged by weather such as hail, hurricanes, or tornadoes. - Medical coverage protects you if you are in an accident and need medical attention. This is often part of your health insurance, but if you are in an accident, your health insurance may not cover the full amount of your medical expenses. - Uninsured/underinsured motorist coverage protects you if you are in an accident with someone who does not have any insurance or not enough insurance to cover your expenses. This type of coverage also protects you and your passengers if you are hit by someone with too little insurance.

2. How to buy your insurance Insurance is a contract between you and the insurance company. You make regular payments to the insurance company in return for protection against certain losses. You can purchase insurance from a variety of sources. The insurance company will determine how much you have to pay based on your risk and circumstances. You can also control the risk by carefully selecting the amount and types of insurance you purchase. When you buy insurance, you will want to be sure that you are getting a good deal. Shop around and compare rates from several different insurance companies. You may be surprised by how much of a difference in rates you can find depending on the company you go with. Who to buy from: Independent Agent or Direct Dealer? Both independent agents and direct dealers sell auto insurance. Each type of salesperson has an interest in seeing that you buy the right kind of insurance. An independent agent has no direct financial interest in the sale of your insurance. An agent’s income comes from a percentage of the premium paid by the insurance company. This means that an independent agent’s interest is in making sure that you get the right type of insurance at the best price. A direct dealer or a broker works for an insurance company and is paid a fee, usually by the company, for each policy sold. This means that their interest is in selling you the company’s policies and not necessarily the right type of insurance at the best price. Your deductible: The most important decision you make Your deductible is the amount of money that you agree to pay for any losses that you incur before the insurance company begins to pay. For example, if you have a $500 deductible and you have a total loss, meaning that your car is destroyed in an accident or stolen, then you will only have to pay $500 out of your pocket before your insurance company begins to pay for any repairs or a new car. If you have a $100 deductible and the same thing happens, then you will have to pay the first $100 of any claims and your insurance company will pay the rest. You should take a careful look at your situation and decide what amount you can comfortably afford to pay as a deductible. You will pay lower premiums if you have a higher deductible, but you will have to pay more out of your pocket if there is a loss. Liability Insurance: Legal requirement and protection for others Liability insurance is a legal requirement in most states. It is a type of coverage that pays the medical bills and any other costs that people incur as a result of your car accident, up to the amount specified in your policy. Liability insurance protects you from being sued by someone who is injured in your car and from having your assets seized. In Louisiana, you must have at least $25,000 in liability coverage per person injured in an accident, $50,000 for all people injured in an accident, and $25,000 for property damage. Your liability coverage will pay for the costs of any injuries or damage that you cause to others. Comprehensive Insurance: Protection for your car and peace of mind If your car is stolen or damaged by a hurricane or hail or by vandalism, or floods, then your comprehensive insurance will cover the cost of repair or replacement. This type of insurance also protects you from financial loss if you cannot drive your car due to an accident or illness. For example, if you are in an accident that prevents you from driving for six weeks, the cost of your insurance will remain the same. Without this type of coverage, your insurance premium would almost certainly go up when you can drive again. Conclusion Car insurance is an important part of our lives, but it does not need to be something that we think about all the time. It is important to understand what type of coverage you need and how to find the best insurance for your situation.