Cheap auto insurance is coverage for automobiles, trucks, motorcycles, and any other road vehicle. Its main function is to offer financial protection against bodily injury or property damage resulting from vehicular accident and from liability which can also arise out of road accidents in a car. It is required by law for every person to have this coverage so as to be liable for damages caused to other persons or property. Although liability laws vary from state to state, cheap auto insurance is available for those who can afford it.
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Geico is one of the largest insurance companies that offers cheap auto insurance coverage options. They offer policies for many types of vehicles, including trucks and cars. Their basic policy is named Geico Pro and is designed to protect you in case of any accident. There are two parts of this type of policy, one that covers bodily injury and property damage and the second which covers medical payments, uninsured/underinsured motorists, and damage to the vehicle.
The second part of the Geico Pro policy which offers financial protection in the event of an accident is named Geico Accident forgiveness. This part covers your medical expenses and other liabilities in cases where you are involved in a vehicular accident. For many years, this particular part of the policy has been included in the package that comes with Geico insurance. But recently, they have started offering this in addition to the first part of their insurance coverage.
If you do not have auto insurers offering this coverage, you can buy it independently. However, you will need to spend more money when you purchase this policy because it will cover all the costs that would be covered under the bodily injury and property damage liability policy of the policy. In addition to this, the premiums for this type of policy are higher than the premiums of bodily injury and property damage liability policies. In fact, if you buy this independent policy, you will probably pay more for the premiums than the cost of the collision and comprehensive coverage of the bodily injury and property damage policies. You can save money though if you shop around for insurance quotes and make sure that you get more than just the minimum amount of coverage.
It is possible for you to save money if you choose to buy collision and comprehensive coverage separately. You can get this coverage in addition to the property damage liability insurance and bodily injury and property damage liability insurance offered by your current insurer. For most people, this is the best choice. However, there are people who are better off with the additional coverage of the latter.
Before buying any insurance, it is important that you compare the rates of at least three different insurers. Get quotes from at least three insurance companies online. This will allow you to identify the insurers who are willing to give you the lowest rates. Remember to include the cost of the deductible when you are comparing the rates of different insurers.