Hello! I have an auto insurance questions in Nevada. I was thinking of purchasing a car and the only hindrance that is stopping me is I don’t know too much about auto insurance. It will be of great help if you can explain a few things about it and it will surely boost my confidence on buying new car. What is a Full coverage auto insurance?

Dakota Nicole

Henderson, NV

It is essential that we understand the fundamentals of auto insurance. The most basic auto insurance terminologies you need to know are the words deductibles, exclusions and premiums. Deductible is the cost you’ve agreed to pay out of your own pocket and the insurance company in Nevada pays the rest in an occurrence of an accident. Exclusions means an agreement that the insurance company will not handle, a good example is committing damages/injury intentionally. The last basic term is Premium which basically means the amount you pay monthly to your auto insurance company.

You also need to understand the most common of coverage since most state requires you to have one. Bodily Injury Liability Coverage means in an occurrence of an accident and you are responsible for death or injury of the other person, your assets will be protected by it. If it’s a damage done to a property or someone else’s car and you want the insurance company to pay for the damages, you should acquire a Property Damage Liability Coverage. Some coverage are optional such as the full coverage auto insurance but it’s also important to know since it might be off help in saving money. Full coverage auto insurance – Collision pays the repair done to your vehicle in case of an accident. If it’s not an auto-accident and something like damage done by nature like storm, earthquake or forces of nature get a Full coverage auto insurance Comprehensive coverage and it will deal with it. Remember that knowledge is power and sometimes in order to save money, you also need to spend money.