Your Ultimate Guide To Car Insurance In Thornton, CO

Tuesday, 27 April 2021 13:04

Auto insurance is complicated, and that's putting it lightly. Whether you're a new car owner or an experienced driver with a clean record, you might feel confused by how auto insurance works. What exactly is covered by a given policy? And how does your claim actually cover the damages? Today we'll be taking a deep dive into car insurance in Thornton, CO, to provide some clarity on the subject.

Our straightforward guide will provide you with all the information you need to navigate the complexities of auto insurance.

What You Need To Know About Car Insurance In Thornton, CO

First things first: let's break down the basics of auto insurance in Colorado.

Types of Auto Insurance Coverage

At first glance, auto insurance can seem overwhelming due to the several different types of coverage offered for your vehicle. However, it becomes easier to understand when you break it down coverage by what's required and what's optional.

Every state has different minimum coverage requirements. Currently, Colorado drivers are required to have two basic types of liability coverage:

  • Bodily injury liability coverage - To help cover the medical bills for the other party if you're at fault in an accident.
  • Property damage liability coverage - To help cover damage to the other party's vehicle or structures that your vehicle hit.

As the Colorado General Assembly notes, the minimum coverages required by the Centennial state are as follows:

  • "$25,000 for bodily injury or death to any one person in an accident;
  • $50,000 for bodily injury or death to all persons in any one accident; and
  • $15,000 for property damage in any one accident."

However, it's important to note that if you travel regularly to other states, then your car insurance must align with the mandated coverage of those states. Nebraska, for instance, requires uninsured motorist coverage and $25,000 coverage for property damage liability too.

Optional Types of Coverage

Even if your policy meets the minimum requirements for the state, that doesn't mean you're fully covered in every situation. It may be in your best interest to add additional coverages to your policy, such as:

  • Personal injury protection - Coverage for medical expenses, lost wages, and nonmedical costs following an accident.
  • Uninsured/Underinsured motorist protection - Coverage for medical costs and damage to your vehicle if the other party is at fault in an accident and doesn't have insurance or enough coverage.
  • Collision coverage - To help pay for damage to your car if you're at fault in an accident.
  • Comprehensive coverage - To pay for non-collision-related damage (e.g., hail, floods, theft, etc.).
  • Rental reimbursement - Following an accident, you may need to rent a car to still get around. Rental reimbursement coverage can help pay for some of your rental costs.
  • Gap insurance - If you owe more than what your vehicle is worth, gap insurance will help cover the difference in the event of a total loss claim.
  • Roadside assistance - To help cover your costs if your car breaks down on the side of the road. This coverage can also help if you're locked out of your car, if you need a jump, or if you've run out of gas.

These options can make a significant difference for you when added to your car insurance in Thornton, CO.

How Are Your Auto Insurance Rates Calculated?

In your auto insurance policy, you'll only be responsible for two forms of payment: (1) premiums and (2) deductibles.

You'll pay either a monthly or annual premium to your provider for your policy. Premiums are calculated on an individual basis and dependent upon several factors, including:

  • Your age and gender
  • The age and type of your car(s)
  • Your credit score and claims history
  • How much you drive
  • Your marital status
  • Safety features include in your vehicle(s)
  • And where you live

Your premium rates will also depend upon your policy choices. These may include your coverage limits, the types of coverage you purchase, and your deductible (i.e., the amount of money you pay out of pocket after filing a claim).

Your premiums may also be reduced through a variety of discounts. Insurance companies may offer discounts through save driving programs and multiple policy discounts.

What To Expect When Filing A Car Insurance Claim

After an accident, you may feel flustered, agitated, and confused. Try your best to remain calm and follow these three steps:

  1. Make sure everyone is OK at the scene of the accident. If possible, move the vehicles out of traffic into a safe area.
  2. Call the police to document the accident.
  3. Exchange insurance information with the other driver(s).

Next, you'll need to file your claim as soon as possible. Every insurance company handles the claims process a little differently (Allstate). However, the general steps are similar across providers, so you can expect the claims process to follow these steps:

  1. Call your insurer to provide them with information about the accident. They will help you understand key details about your policy, such as your deductible, rental reimbursement coverage, and so on.
  2. Your insurer will assign you a claims adjuster to investigate the accident. They'll determine who is at fault for the accident and may provide an initial estimate of the repair cost. Your adjuster will also determine how much the insurance company will pay for your repairs.
  3. Get your car repaired. In most cases, you can take the vehicle to any repair shop you want. Depending on your situation, your insurer may pay the repair shop directly or reimburse you later for the repairs.

How To Shop For Car Insurance In Thornton, CO

When shopping for auto insurance policies, you'll need to gather multiple quotes from various providers. And there's no better place to start than Adler Insurance.

We are a small, second-generation family-owned company with an outstanding local reputation. Our insurance agents will be dedicated advocates for you and we'll put in the time, energy, and effort to ensure your vehicle coverage is effective and affordable.

Contact Adler Insurance Group today to get your FREE and accurate quote for auto insurance in Thornton, CO.