Welcome to General Auto Insurance, the number one choice for consumers. We cover every aspect of car insurance, from general information on each type of coverage to detailed explanations of how auto insurance policies are priced and put together. You can learn everything you need to right here.
We unravel the four major components of auto insurance coverage, from personal liability to optional add-ons, and why it’s important to protect yourself against lawsuits by supplementing your policy with umbrella insurance. We explain how car insurance rates are calculated and the different rating factors used by underwriters, from age band and gender to your driving experience and credit history. We also explain what you need to do before you begin to shop around for quotes, and how you need to think carefully about your individual circumstances and to prioritize the risks you would like to cover. Importantly, we guide you through the claims process, when to claim and when not to claim and how to handle disputes with your insurer.
The key to risk management is understanding the relationship between risk and reward. When you attain that understanding, you will have a powerful tool to help you manage not just your auto insurance program, but all the risks you face. You will know the extent to which you should avoid, reduce or transfer risk rather than being exposed by retaining it.
Standard auto insurance policies are designed for standard cars, so they don't work when it comes to special vehicles such as customized cars, antiques and classic cars. They don't work because they don't cover non-standard items, and they don't provide coverage at levels sufficiently high to reflect the true market value of an extraordinary vehicle.
Auto insurance companies come in all shapes and sizes, and big doesn't necessarily mean strong. The four major ratings agencies, A.M. Best, Fitch Ratings, Moody's and Standard and Poor's, frequently evaluate the financial strength of insurance companies and their ability to meet claims. Those ratings are available to help you choose an auto insurer.
Choosing a deductible for your car insurance involves a calculation of risk and reward. The higher your deductible, the lower your premiums will be, but you then carry commensurately greater risk in the event of a claim. So how do you choose the optimal deductible? You do it by calculating the break even period for each deductible offered by your insurer.
Proving negligence for an auto accident is one thing, but succeeding in an award for damages is another. Negligence laws differ widely between states, and it pays to know the difference between them. In some states, if a defendant can prove that you contributed just 1% towards the cause of an accident, he can walk away scot-free.
When you buy an auto insurance policy, the coverage you have for personal liability can either have a single limit or have injury and property damage limits split on a per person and a per accident basis. Do you realize how significant this difference can be? Well, it can make the difference between losing your deductible and losing your shirt.
At General Auto Insurance, we think it’s important for our customers to learn the basics of car insurance so that they can make informed decisions about the coverage they buy. For that reason we have prepared a number of short lessons on auto insurance coverage in such a way that consumers can directly apply what they learn when buying a policy. We even provide short videos like the one below to help you quickly learn about some of the important aspects of coverage:
We also provide other helpful information such as how you can protect yourself against lawsuits by arranging the most appropriate liability insurance, and even cover special circumstances such as how you can protect yourself when renting a car. We also provide practical advice to drivers in the case of an emergency, by spelling out how you should respond at the scene of an accident. And if like many others you run into problems at claim time, we explain how you can cost-effectively resolve a dispute with your insurer to get your payout.
Our job is to help you learn the basics of auto insurance so you can be well-positioned when buying a policy to protect you and your family. The most essential areas to understand are:
We show you how to deal with insurance adjusters in the event of a claim, how and when to make a complaint if a dispute arises, and what avenues for redress you have to help you reach a satisfactory settlement, in ascending order of formality, complexity and cost. We also have a comprehensive section on the different auto insurance laws which apply in each state.
Auto Insurance Basics
When changing car insurance companies, it is important to plan the switch in advance so that your new policy takes effect the minute your old one expires. You do not want to be left exposed by a gap in coverage between policies.
Motorcycle insurance is similar to car insurance, however motorcycles have a far greater number of risk variables than cars. Some insurers even exclude coverage for certain models considered to be high risk. Be sure you have appropriate coverage before heading out on your next ride.
Uninsured motorist coverage provides a safeguard to the insured driver in situations where an accident is caused by a driver without any liability insurance or the offending driver or vehicle owner cannot be identified (which is often the case in the event of a hit-and-run accident).
Do you really need collison and comprehensive coverage? For most people the decision will be strongly influenced by the value of their vehicle. After all, if your car is not worth much, is it really worth insuring it? But for some, the peace of mind and other benefits may make it worthwhile to keep both.
It can be tempting to rely on personal coverage when using a vehicle for business purposes, but you might find you’re in for a tough time from your insurer when you make a claim. Business use is generally excluded from coverage under most personal auto policies, so it is very important to have the right coverage.