Auto insurance terms
This type of coverage helps pay for damage to your vehicle caused by an accident, regardless of who is at fault.
what is collision insurance
This covers your vehicle when it is damaged by fire, theft, or vandalism.
What is Comprehensive Coverage?
This violation can increase your insurance premium by showing you are a high-risk driver.
What is a DUI
This is the first thing you should do after an accident to ensure your claim is processed.
What is Contact Your Insurance Company?
This discount may apply if you have a good record of safe driving.
What is a Safe Driver Discount?
This is the amount of money you pay upfront to your insurance company for coverage.
What is a Premium?
This covers the damages you cause to someone else’s property in an accident.
What is Property Damage Liability?
This behavior can cause your insurance to skyrocket as it increases the likelihood of an accident.
What is Speeding?
If you are in an accident and it’s your fault, this is what you’ll need to pay before your insurance covers the rest.
What is a Deductible?
This type of discount is offered to people who bundle their car insurance with another policy like home or life insurance.
What is a Multi-Policy Discount?
This term refers to the person or company responsible for paying a claim in the event of an accident.
What is the Insurer?
This provides coverage if your car is damaged by something other than an accident, such as hail or falling objects.
What is Comprehensive Coverage?
The type of coverage that kicks in if your car is involved in a hit-and-run.
What is Uninsured Motorist Coverage?
This person will investigate your claim to determine how much damage occurred and what is covered under your policy.
Who is a Claims Adjuster?
This discount may be available if you drive a car that has certain safety features, like airbags or anti-lock brakes.
What is a Safety Feature Discount?
This type of coverage helps pay for medical expenses for you and your passengers after an accident.
What is Personal Injury Protection (PIP)?
This type of coverage protects you in the event you are at fault for an accident and the other person is injured.
What is Bodily Injury Liability?
This is what you might receive from your insurer after a claim is made for an accident.
What is a Deductible?
This is the term for when an insurer refuses to pay a claim because they believe it isn’t covered.
What is a Denied Claim?
You may receive this discount if you drive fewer miles each year than the average driver.
What is a Low Mileage Discount?
This is the maximum amount an insurance company will pay for a covered loss.
What is the Policy Limit?
This coverage is optional and pays for a rental car while your vehicle is being repaired due to a covered loss.
What is Rental Reimbursement?
This type of driver is considered high-risk, often leading to higher premiums, due to the frequency of their accidents or traffic violations.
Who is a Young Driver?
This is what you might be required to do if your car is totaled in an accident, and your insurance payout doesn’t fully cover the loan.
What is Gap Insurance?
This is a discount that may apply if you are over a certain age, often over 55.
What is a Senior Driver Discount?