Car Insurance Explained – 101 | Everything you NEED to know!

If you are new to car insurance and need to know where to start, this video will help guide you through what coverage options you have as well as, gives you specific levels of bodily injury and property damage limits you should carry.

Coverages mentioned in this video are:
BI = Bodily injury 50/100, 100/300, 250/500
PD = Property damage 25,000 50,000 100,000
UM = Un-insured motorist 50/100 – 250/500
UMPD = Un-insured property damage, value of car
UIM = Under-insured motorist 50/100 – 250/500
UIMPD = Under-insured motorist property damage, value of car
Medical payments = ,000 +
Comprehensive = 0 – 0 deductible
Collision = 0 – ,000 deductible

#carinsurance #autoinsurance

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DISCLAIMER:
Please consult your agent before making any changes you feel you are not knowledgeable with. Due that the laws being different in each state, I am not responsible for any changes or updates that may have occurred after the making of this video.

This video and description contain affiliate links, which means that if you click on one of the product links, I will receive a small commission. This helps support the channel and allows me to continue to make videos like this. Thank you for the support! Car insurance advice, car insurance, auto insurance, home insurance, homeowner’s insurance and insurance discounts

Comments

  1. I've always want to start my own car insurance company
    It would not discriminate based on gender, age, where you live, tickets or accidents
    Liability rates would be based only on the type of the vehicle, safety features, and amount of driving
    collision would be based only on the value of your vehicle.
    and comprehensive would be based only on where you park it: Garage, outside parking space, or on the street.

  2. The reason people don't get car insurance in Alabama is they don't want to register Vin numbers for switched license plates on cars.

  3. People in Alabama where there is a mandate on car insurance not many drivers have it. When car insurance agents misuse identities.

  4. Great video! I understand that reporting a claim does have an impact in the policy premium. Although does is affect the same way when it is at fault versus not at fault?

  5. I have full windshield coverage, what if I claim insurance for a windshield replacement, then 3 weeks later a big rock hits it and I need to replace it again, can I just claim it again to get it replaced or do I have to wait a certain time?

  6. Hi Mark. Thank you for the educating videos! I'm 26 years old and planning to have a new 2021 Honda Insight (this is gonna be my first car since I just relocated to the US). I now live in Fremont, CA. What are the best options I have, Mark?

  7. Recently I am applying to property & casualty actuarial positions, hence I wanna learn about auto insurance coverages. Your video is really of great help to me, it is interesting how is so different in every state too. Thank you very much!

  8. What insurance do you recommend i go with here in Las Vegas? I will be getting a brand new 4 runner and shopping around for insurance. Got a quote from AAA. I'm new to Vegas. Thank you for the great video.

  9. Car insurance itself is a racket, because of loans and insurance someone who makes 25k a year can buy a 30k car, if not for that bs car companies would have to make a product their customers could afford or they would go out of business.

  10. Hi there, Mark! Thanks for the informative video. I went ahead and subscribed to your channel. I'm 24 and will be turning 25 in the summer. I'm in the process of moving from Illinois to Florida. I'm realizing how expensive FL car insurance is and trying to understand what coverage I actually need. I have a clean driving record, except for a speeding ticket I got several years ago. This May, the speeding ticket will be 3 years old and hopefully will no longer impact my insurance rates. Do you have any auto insurance company recommendations based on my situation? Any other advice you have would also be helpful. I really appreciate your time!

  11. Hey Mark really liked the video. I had a few questions and was wondering if I would be able to call you and ask you a few if you had a moment to spare. I’m turning 25 in March and currently looking for a new insurance company while writing this. I’m not sure exactly what route to take and what coverage I would necessarily need. The videos have been very helpful and I understand the main basic concepts for auto insurance but like I said I just have a few questions. I would appreciate it if it was possible to talk with you over phone. Please let me know if it’s possible ?

  12. Great video…I learn so much. I’m from Bronx, NY someone hit my parked car in the street and damaged the tire, door and mirror. I only have liability should I contact my insurance, do they help fixing the damage. One more thing, can I request to see security surveillance from a shelter in front of where they hit my car because I don’t know who hit my car. Any reply would be greatly appreciated🙏🏻

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