You know you need car insurance, but do you understand how it protects you? We’ve put together some information that explains the basics so you have the tools to get the coverage you need. Keep in mind, this information is not specific to COUNTRY Financial, and is only meant to provide a general overview of car insurance.1
Simply put, car insurance is protection. You pay your insurance company a premium (your bill) usually monthly, twice a year, or annually. That premium pays to protect you if you have an accident or your car is damaged or stolen. Keep in mind that car insurance does not pay for mechanic repairs or maintenance. The coverage is outlined in your insurance policy.
When you buy car insurance from a company, they’ll ask about your car, driving habits and history. Since you’re required by law to carry basic auto coverage, your answers will help determine how much protection you need beyond what your state requires. This makes up your policy, a document that outlines what your insurance company agrees to protect, based on what you choose.
If you get into an accident or your car is damaged or stolen, you file a claim with your insurance company. That’s how you ask for payment to help you repair or replace something that’s protected under your policy. If the claim is covered, your insurance company will pay for the damage or loss, after you pay your deductible. Your deductible is the amount of money you pay on your own before your insurance kicks in.
You get to decide up front. If you choose a low deductible, you’re taking on less risk, so your bill (premium) will go up. A higher deductible means more risk for you, and your bill goes down.
Yes, but requirements vary by state. Most states require you to have:
Most standard car insurance policies include the three coverages described above, along with protection for you and your car if:
Most standard car insurance does not include coverage for:
Additional coverage is usually available for everything on this list. Talk to your rep to learn more.
There’s no set price for car insurance. Some factors that affect your price are:
COUNTRY Financial® is the marketing name for the COUNTRY Financial family of affiliated companies (collectively, COUNTRY), which include COUNTRY Life Insurance Company®, COUNTRY Mutual Insurance Company®, and their respective subsidiaries, located in Bloomington, Illinois.
1 Please refer to your policy for specific coverages and terms related to your insurance.
Auto insurance policies issued by COUNTRY Mutual Insurance Company®, COUNTRY Preferred Insurance Company® and COUNTRY Casualty Insurance Company®, Bloomington, IL.