Prokop Insurance understand that navigating the world of auto insurance can be confusing and overwhelming. That’s why we created this Auto Insurance FAQs page to provide answers to some of the most common questions our clients ask about auto insurance. Whether you’re a new driver in need of basic information or an experienced driver looking to make changes to your policy Prokop Insurance is here for you.
What types of auto insurance coverage are available?
Answer: There are several types of auto insurance coverage available, such as liability coverage, collision coverage, comprehensive coverage, personal injury protection (PIP), and uninsured/underinsured motorist coverage.
How much auto insurance coverage do I need?
Answer: The amount of coverage you need depends on your specific situation. A good rule of thumb is to have enough liability coverage to protect your assets, and enough collision and comprehensive coverage to cover the value of your vehicle.
What factors affect my auto insurance premium?
Answer: Factors that affect your auto insurance premium include your driving record, age, gender, type of vehicle, location, credit score, and the amount of coverage you select.
What is the difference between comprehensive and collision coverage?
Answer: Collision coverage pays for damage to your vehicle in the event of an accident, while comprehensive coverage pays for damage to your vehicle caused by something other than an accident, such as theft, vandalism, or weather-related damage.
Does my auto insurance policy cover rental cars?
Answer: It depends on your policy. Some policies include rental car coverage, while others require you to purchase it separately.
What happens if I am involved in an accident and the other driver is at fault but does not have insurance?
Answer: In Minnesota, drivers are required to carry uninsured motorist coverage as part of their auto insurance policy. If you are involved in an accident and the other driver is at fault but does not have insurance, your uninsured motorist coverage may provide coverage for your damages. Uninsured motorist coverage can help pay for medical expenses, lost wages, and other damages resulting from the accident. It’s important to review the specifics of your policy and contact your insurance company as soon as possible after the accident to file a claim. If you have any questions about your coverage or the claims process, you can contact your insurance agent for assistance. Read our blog post “Understanding Minnesota’s No-Fault Accident System: What it Means for Auto Insurance Holders“
for more details and information.
What is an insurance deductible and how does it work?
Answer: An insurance deductible is the amount you must pay out of pocket before your insurance coverage kicks in. For example, if you have a $500 deductible and your damages are $1,000, you would pay $500 and your insurance would cover the remaining $500.
Are there any discounts available for auto insurance?
Answer: Many insurance companies offer discounts for things like safe driving, multiple policies, and anti-theft devices. Be sure to ask your agent about any discounts you may be eligible for.
How do I file a claim with my auto insurance company?
Answer: To file a claim, contact your insurance company as soon as possible after the accident. They will guide you through the claims process and help you submit any necessary documentation.
Will my auto insurance policy cover me if I am driving out of state or in another country?
Answer: It depends on your policy. Some policies provide coverage for driving in other states or countries, while others may require you to purchase additional coverage. Check with your agent to make sure you have the appropriate coverage for your needs.
Can I change my coverage limits mid-policy?
Answer: Yes, you can typically make changes to your coverage limits at any time during your policy period.
How often should I review my auto insurance policy?
Answer: It’s a good idea to review your policy once a year, or any time you experience a major life change such as buying a new car, moving to a new location, or adding a new driver to your policy.
Can I add another driver to my policy?
Answer: Yes, you can typically add another driver to your policy. However, adding another driver may affect your premium.
How do I know if I have enough coverage for my needs?
Answer: Your agent can help you evaluate your needs and determine whether you have enough coverage or need to make any changes to your policy.
Can I get a discount for being a safe driver?
Answer: Many insurance companies offer discounts for safe driving. Ask your agent if you are eligible for any discounts.
What should I do if I am involved in an accident?
Answer: If you are involved in an accident, stay calm and call the police. Exchange information with the other driver and contact your insurance company as soon as possible to report the accident.
How long do I have to file a claim?
Answer: In Minnesota, the statute of limitations for filing a car accident insurance claim is typically six years from the date of the accident. However, it’s important to note that most insurance policies have specific requirements for reporting accidents and filing claims. Generally, it’s best to report the accident and file a claim as soon as possible after the incident. This can help ensure that the claims process goes smoothly and that you receive any compensation you may be entitled to in a timely manner. If you have any questions about the specific requirements for reporting accidents and filing claims under your policy, you can contact your insurance agent for guidance.
Will my rates go up if I file a claim?
Answer: Filing a claim may affect your rates, but it depends on the circumstances of the claim and your insurance company’s policies.
How can I lower my auto insurance premium?
Answer: There are several ways to lower your auto insurance premium, such as increasing your deductible, taking advantage of discounts, and driving safely. We suggest you read our blog post that goes into more depth on the subject.
What happens if I miss a payment on my auto insurance policy?
Answer: If you miss a payment on your auto insurance policy, your coverage may be canceled or suspended. Contact your agent as soon as possible to discuss your options.
Of course, if you have any questions or concerns that are not covered on this page, please don’t hesitate to contact us directly. Our team is always here to help you understand your policy and make informed decisions about your coverage.