Most states, including Arkansas, requires drivers to have at least some form of auto insurance. While some drivers opt for the lowest coverage possible, others prefer full coverage that will guarantee a replacement vehicle and healthcare coverage in the event of an accident.
Auto insurance usually includes three parts: liability, property, and medical coverage.
Liability coverage includes your legal responsibility if you’re at fault in an accident. This insurance will cover up to a certain amount of property damage and bodily injury for others involved in the accident. This coverage is important as it keeps you from covering those costs out-of-pocket, and can protect your current financial circumstances. Liability is required in most states for all drivers.
Property insurance covers damage and theft of your own vehicle. If you are involved in a circumstance (such as a single-car accident or hitting a deer) where you would have to foot the bill for repairs or a replacement vehicle, property insurance helps pay for those needs.
Medical coverage includes treating injuries and covering rehabilitation in an accident. In some cases, it may also cover lost wages due to an accident, or funeral expenses in the event of a death. This coverage also extends to your passengers, so they don’t have to use their own health insurance to pay medical bills from an accident.
The Todd Agency offers a wide range of auto insurance plans, so you can select the plan that’s right for you. Our team will review your circumstances and needs, and help you determine the right coverage for you and your family. To get a quote or additional information, contact our team today.
