You probably know that your auto insurance policy is there to help you financially if you get into an accident. Unfortunately, most people sign on the dotted line and pay their premium without ever giving it a second thought – but that’s a mistake. Understanding what you’re paying for and what your coverage entails is essential. With that in mind, here are three things you probably didn’t know about your auto insurance policy.

1. Your Policy Covers More Than Just Your Car 

Your auto insurance policy isn’t just there to protect your car – it also protects you, as the driver. If you are involved in an accident, your auto insurance will cover any medical expenses incurred by you or your passengers, up to the limit stated in your policy. It will also provide liability coverage if you are sued by the other party involved in the accident. 

2. Your Premium is Based on More Than Just Your Car’s Value

When you get auto insurance, you must first decide how much coverage you want. Then, your insurance company will give you a quote based on several factors, including the car’s make and model, driving history, and credit score. Many people don’t realize that their credit score is a factor in determining their premium, but it is. Insurance companies view customers with poor credit as a risk, charging them higher premiums.

3. Rental Car Reimbursement Might Be Included in Your Policy

If you get into an accident and your car is damaged, you will need a rental car while yours is in the shop. Most people assume they have to pay for this out of pocket, but that’s not always the case. Some auto insurance policies include rental car reimbursement, which will cover the cost of a rental car while yours is being repaired.

Now that you know more about your auto insurance policy, it’s time to take a closer look at your coverage and ensure you have the proper protection. Contact NY Twin Bridges Insurance Agency today if you have any questions or need help finding the right policy in Albany, NY.