You’re a good driver and you do everything you can to keep your car, your passengers, and the people around you safe while driving. But accidents happen and we want you to find the best value for your money. That’s why at American Capital Insurance, we shop more than 40 different auto insurance carriers to get you the best rates out there.

So if you accidentally hit a tree, get into a fender bender or bump into another car, you can rest easy knowing that you have an automobile policy that’s got your back.

The Right Automobile Insurance Policy for You

We know it’s no fun shelling out money every month for automobile insurance that you hopefully never have to use, but think of it this way: being insured not only protects you and your vehicle, it also protects the people around you in case an accident happens. And that’s important, especially when you consider that an estimated 1/3 of Arizona drivers are either uninsured or underinsured. We want to change that so our roadways become a safer place for everyone.

An automobile policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you’re financing a car, your lender may also have additional requirements. InColorado, every motor vehicle that is operated on roadways must be covered by liability insurance by a company licensed to do business in Colorado. This includes motorcycles, golf carts and mopeds. Here are the minimum levels of financial responsibility you need in Colorado: • $25,000 in bodily-injury liability for one person and $50,000 for two or more people • $15,000 in property-damage liability

Understanding the Six Coverages of Auto Insurance

Understanding all these coverages can be overwhelming. Don’t worry. We’ve got you covered. Here’s the breakdown of the six main types..

1. Bodily Injury Liability

When you are at fault in an accident this coverage in your policy pays for body injury to someone else up to the limits in your policy. In Colorado you are required by law to maintain a minimum limits of $25,000 per person and $50,000 per accident.

2. Property Damage

This is what protects you if you cause damage to someone else’s property. The State of Colorado requires you to maintain a policy that covers at least $15,000 in property damage.

3. Collision

This will cover the expenses to repair or replace your vehicle when you are involved in an accident with another car or collide with an object.

4. Medical Payments

Also called MedPay. This coverage pays for medical bills up to the limits of your policy that you or your passengers may need after an accident.

5. Comprehensive 

This covers damages by other than collision. For example: Hail damage, Flood, vandalizing and collision with an animal. 

6. Uninsured or Underinsured Motorist Coverage 

It’s estimated that 1/3 of Colorado drivers are uninsured. This is a scary fact, considering many of us drive on Colorado roadways every day. Uninsured motorist coverage pays for compensation of injuries from an uninsured driver. Underinsured motorist coverage kicks in when the driver at fault has liability insurance, but not enough to pay for the amount you deserve for your injuries. Although this type of coverage isn’t mandatory in Colorado, it is strongly recommended that your policy covers at least $100,000 per person and $300,000 per accident

When purchasing automobile insurance what should I consider? There are several things you should consider when purchasing automobile insurance that your independent agent will help you with. Here are a few:

• Purchase the amount of liability coverage which makes sense for you.
• Select the optional coverages you want.
• Decide which company to purchase insurance from.
• Don’t base your decision solely on price. Other factors like service and claim response are
  extremely important in selecting the right insurance.
• Does my insurance policy cover a friend if I loan him/her my car
• When you loan your car to a friend or an associate, he or she will be covered under your
  automobile insurance policy.
• What is collision physical damage coverage?
• Collision is the loss you incur when your automobile collides with another vehicle or object like a
  telephone pole.
• What is comprehensive physical damage coverage?
•  Comprehensive provides coverage for direct physical damage losses you could incur to your car
  from something like a hailstorm
•  How can I lower my automobile insurance rates?
• There are several things you can do to lower the cost of your automobile insurance.
• One way is to look for competitive pricing. An independent agent works with many companies
  and can provide you comparative rates and insure that your are getting the same coverage.
• Another way to lower the cost is to change your deductible. By raising your deductible you may
  lower the cost of your automobile insurance almost 10% You must be able to pay the deductible
  amount in case of a claim. You can also look for discounts that you may be entitled to. Some
  examples of discounts that may be available are: multiple cars under the same policy, carrying a
  homeowners policy with the same insurance company, different groups or associations.