Car Insurance

Insurance for Cars

Having auto insurance protects you, your passengers, and other drivers from confronting significant financial loss. Since it is required by law to carry car insurance, we all use it, but do you know what it will cover and up to how much? If you are curious as to how how auto insurance operates, then take a look around. Shopping for a new insurance company? 3rd Generation Insurance is proud to offer the insurance industries leading features such as Accident Forgiveness and New Car Replacement. We hope to be the insurance family you put your trust in!

Components of Car Insurance

When looking for an Auto Insurance carrier, you will have to decide the amount of coverage you will be paying for. Our family at 3rd Generation Insurance has been around long enough to help guide you in your path, getting you the protection you need. These items listen blow are some of the components that will make up your auto insurance policy:

Personal Injury Protection

Personal Injury Protection or (PIP) coverage doesn’t just cover the necessary medical and hospital expenses, but Personal Injury Protection PIP can also help you with loss of income, loss of services, and funeral expenses. In Florida, $10,000 of PIP is required law for any auto insurance policy.

Medical Payment Coverage

No matter who is at fault, medical payment coverage is designed and will help pay for medical expenses for accident related injuries. Some of the covered medical expenses will include: doctor visits, x-rays, surgery, ambulance, and funeral expenses. Medical payment coverage is for you, your passengers, and your family members.

Uninsured Motorist Coverage

Uninsured Motorist Coverage (UM) will help pay claims when the other party involved carries little or no insurance. A recent survey discovered that in Southwest Florida, 1 in 6 drivers have no insurance or carry state minimums (25/50). $25K does not go a long ways in todays society. If unable to acquire the amount necessary to replace your damaged vehicle or injured person, and there was not enough uninsured motorist coverage at the time of the accident, you will have to pay to rest of the amount to repair or replace your property. Therefore, it is recommend that people carry a minimum of 100/300 protection for UM.

Collision Coverage

Collision Coverage will protect your vehicle if you were involved in an accident that was classified as a “collision”. A collision crash would be an accident that involved another vehicle or objects such as: trees, structures, and fences. Collision Coverage will help or completely pay for the replacement or repair of your vehicle minus the deductible. Unless otherwise stated, Insurance companies will pay the “actual cash value” for your car.

NOTICE: Collision coverage will normally include a deductible, and in most cases, the higher the deductible amount the lower your premium is. However, if you were to ever file a claim, having a higher deductible would cost you more in the event of a loss.

If you have any questions about the coverage you carry, reach out to us today or visit it us at a nearby location.

Comprehensive Coverage

In the insurance world, Comprehensive Coverage used to be called “act of God”. This coverage will help pay for any loss that results from accidents that are not considered “collision” accidents. This could include vandalism, a power line falling on your vehicle, or even a hurricane. However, Comprehensive will not only pay for big claims, Comprehensive coverage can pay for broken glass or windshields.

NOTICE: Like collision coverage, comprehensive coverage will normally include a deductible. A good rule of thumb is, the larger your deductible is, the lower your premium will be.

NOTICE: Accidentally cracked or chipped windshields, or broken glass will have NO DEDUCTIBLE cost added to you.

Other Coverages

Depending on your current carrier, your Auto Insurance Policy might include other extra added coverages. Some of these include:

• Towing and other labor - As well as other services, towing and other labor coverage will help reimburse you for the cost of towing your vehicle.

• Rental Vehicle Reimbursement - For some people, this coverage is a must have. This option will pay for use of a rental vehicle after an accident, until your car is repaired.

Liability Coverage

Bodily Injury and Property Damage

Liability Coverage is purposed to protect you in the case that you were found guilty of damages to another person. If at fault in an accident that was covered by your auto policy and the other party or property was damaged, liability coverage will let pay cover the cost to fix, repair, or give medical treatment.

We strongly recommend at least 100/300 coverage for Bodily Injury Liability. 100 being $100k per person in the accident, up to $300k total per accident. This will cover all parties involved for the following expenses up to the limits adjusted at the time of binding coverage. Some expenses covered could be:

• Funeral expenses.

• Compensation for lost income.

• Medical expenses for bodily injury.

• Emergency Medical attention at the scene of the accident.

• Legal defense fees.

As an agency with time spent in the field, It is good start with at least a minimum of 100k in coverage, Property Damage Liability. Most minor accidents will not cost you more than this, giving you a solid start. Typically, the more you have to protect, the more coverage you will want to carry. Covered liability claims can include:

• Damage to structures.

• Vehicle repair or replacement.

Talk to your agent to learn more about the possible liability issues that some people will run into in life.

Exclusive Insurance Features

Depending on the plan you have or choose to get, many auto coverage policies will have these listed coverages. Ask your 3rd Generation Insurance agent for more information:

New Car Replacement

If your brand new car was totaled in an accident within the first three years of you buying it, you will get a new car.

This is not typically the case, most insurance companies will pay you the depreciated value or “ACV” of your car if in need of a replacement. By having a new car replacement feature, you will be paid “replacement costs” if your new vehicle was to be damaged within the first 3 years of purchase.

Good Driving Bonus

For every six months of no accident driving, you will have to chance of receiving up to 5% of your premium cost back. This will also qualify in addition to any other discounts you currently carry.

Accident Forgiveness

In almost every case, your rate is guaranteed to increase if a claim was filed. Accident forgiveness will level your rates to be the same after an accident, keeping them the same as they were before.

Deductible Deduction

With the Deductible Deduction add-on discount, $100 will be taken off your Collision deductible the day you sign. In addition to the last sentence, every year you go without an accident, another $100 will be taken away to a maximum of $500 dollars deduction.

Car Insurance Discounts

At 3rd Generation Insurance, we like discounts as much as you or anyone does. Because of this, equipped customers on most auto insurance policies will be offered all of the following discounts.

Safe Vehicle Discounts

• Anti lock brakes – Most drivers will qualify this discount. If your car includes a factory installed anti-lock braking system or ABS.

• Passive restraint – Using factory installed airbags along with motorized seatbelts will help you qualify for this discount.

• Anti theft devices – Carrier approved anti-theft devices can be the result of a reduced rate.

Safe Driver Discounts

• Defensive Driver – If are in the age group of 55 or older, you could qualify for our defensive driver discount after taking the defensive driver course.

• Premier Plus Discount – Drivers holding a record of no moving violations or accidents in a five year period could qualify for this discount. (possibly the best discount!)

• Premier Discount – If you are accident free for three years instead of five. To qualify, you must hold a clear record without any moving violations or accidents.

Other Available Discounts

Talk to your agent to see if you qualify for any of these other discounts:

• Farm Vehicles.

• Utility Vehicle.

• New Car.

• Senior Adult.

• Multi-Policy Discounts (combining homeowners and auto).

• Good Student.

• 55 and Retired.

• Economy Car.

• Resident Student.