Excluded drivers (those specifically listed on the policy as not covered) will not normally be covered when driving a car under their auto insurance policy. In some states, excluded drivers may have a minimum amount of coverage, although this (and the exact type of coverage provided) will depend on where you live. You should check with your car insurance company for guidance in this regard. Your liability coverage will generally extend to the car, but comprehensive insurance coverage and collision coverage may not.
Underinsured motorist coverage is a type of car insurance that applies when the policyholder has an accident caused by a driver who does not have enough liability insurance. Collision insurance pays for the repair or replacement of your car after an accident with another car or with an object, such as a utility pole. Collision insurance is a type of car insurance that covers damage to your vehicle caused by an accident, regardless of who was at fault. While you can increase or decrease the coverage amounts for some types of insurance in your policy, others are based on the value of your car.
Keep in mind that a policy with extensive coverage may be more affordable than you think, since Progressive offers several discounts on car insurance that can help you get affordable car insurance with the right coverages for you. New Hampshire and Virginia are the only two states that don't require liability insurance for cars (although you'll have to meet other requirements). However, even so, you shouldn't abandon collision insurance if you can't pay out of pocket to repair or replace your car after an accident because of you. The best auto insurance companies offer affordable premiums, multiple discounts, and several insurance coverage options.
There are a lot of things that your car insurance covers, especially if you opt for some of these types of additional coverage. Knowing what car insurance covers can help you choose the coverage you need and avoid paying for the things you don't need. If it's specifically listed on the car owner's insurance policy, you'll be covered when you drive that car, even if it's not your own. Insurers offer a wide range of discounts on auto insurance and generally allow you to accumulate several discounts that you qualify for, allowing you to save the most amount.
The cost of collision insurance varies depending on your driving record, the value of your car and the amount of the deductible. However, car insurance contracts vary from company to company, so it's important to include all regular drivers in your insurance policy. The good news is that if you have an accident while driving a borrowed vehicle, there is a chance that the owner's car insurance will provide you with some coverage.
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