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Car Insurance Exposed: The Good, The Bad, and The Necessary

Published on Jun 22, 2023 by Talia Mushinsky

It's time to park our talk about horsepower and torque, because something special is happening on June 28, 2023 - National Insurance Awareness Day! We know, we know - it's not as exhilarating as a test drive in a brand new vehicle from Kunes Auto Group. But hear us out, because understanding car insurance is just as crucial to your driving experience!

Revving Up the History of Car Insurance

Just like our beloved automobiles, car insurance has quite a fascinating journey. Did you know the first ever auto insurance policy was purchased way back in 1897? Yes, friends, that's even before the Ford Model T rolled onto the scene!

 

Gilbert J. Loomis from Dayton, Ohio, was the lucky (or should we say, sensible) man to grab this first policy. Ever since, car insurance has become an integral part of the automobile world, and there's no detour around it.

Safety Belt On: The Importance of Car Insurance Today

Alright, enough of the rear-view mirror, let's shift gears to why car insurance matters today. More than just a legal necessity in many states, car insurance is your trusty co-pilot, ready to take the hit when road mishaps occur.

 

Having car insurance is like carrying an umbrella. You might not need it every day, but when it pours, boy, are you going to be thankful you have it! Accidents, thefts, damages – car insurance can cover you against these potential financial rainstorms.

 

But that’s not all. With comprehensive coverage, you’re protected even against those pesky hail dents or if a tree branch decides to make your car its landing spot. Oh, and those medical bills from accident-related injuries? Your insurance policy has your back there, too.

Pit Stop: Navigating the Car Insurance Jargon

We know car insurance lingo can feel like you're lost in a maze of technical terms, so we've put together a mini glossary to help you cruise through those tricky insurance talks:

Premium: This is the amount you pay to the insurance company for your coverage. You can typically choose to pay it monthly, bi-annually, or annually. Remember, lower premiums often mean higher out-of-pocket costs if you need to make a claim, and vice versa.

 

Deductible: If you're in an accident, this is the amount you'll have to pay before your insurance coverage kicks in. For example, if you have a $500 deductible and $2,000 in damage, you pay $500, and your insurance company covers the remaining $1,500.

 

Liability Coverage: This is the part of your policy that pays for damage you cause to others in an accident. It covers both property damage and bodily injury expenses like medical bills, lost wages, or even legal fees if you're sued.

 

Comprehensive Coverage: Despite the name, it's not quite "comprehensive" in the sense of covering everything, but it does cover damages to your car that aren't caused by a collision - think theft, vandalism, fire, or that stray tree branch we mentioned earlier.

 

Collision Coverage: This part of your policy pays for repairs to your vehicle after an accident, regardless of who was at fault.

 

Uninsured/Underinsured Motorist Protection: This safety net covers you if you're in an accident with someone who doesn't have insurance or doesn't have enough insurance to cover the damages.

This National Insurance Awareness Day, we're urging everyone to pause and review their coverage!

While our team at Kunes Auto Group can't directly assist with your insurance policy, we are dedicated to helping you understand the vital role insurance plays in your vehicle ownership journey. From providing resources that explain common insurance terms, to enlightening you about its importance in our blogs, we're here to make your road trip through the auto world a tad bit smoother. Remember, understanding your policy and ensuring it's the right fit for your needs, is a critical part of maintaining your peace of mind - just like regular vehicle servicing and maintenance!

 

So, gear up for National Insurance Awareness Day! Consider it a friendly pit stop on your automotive journey to ensure your coverage is up-to-speed, just like your ride from Kunes Auto Group. Let's stay safe, savvy, and insured!

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