Categories: Tips and Tricks

Important car insurance terms you should know

 Car insurance is pretty much the least interesting topic to talk about, right? Even so, it is important and there are certain terms you should be familiar with. The law requires you to have some sort of car insurance, so let’s go over a few important terms you need to know. 

You might also be interested in: How to save money on a rental car 

Premium

Your premium is the amount of money you pay your insurer every month. You may pay it yearly, monthly, or biannually. If you have to file a claim or get a speeding ticket, your premium will likely go up. 

Deductible

The premium is usually directly tied to the deductible. The deductible is the amount of money you have to pay out of pocket before the insurance provider covers the rest of a claim. If you have a lower premium, you have a higher deductible and vice versa. So, a low monthly premium sounds nice, but you’ll have a larger bill to pay if you have to file a claim. 

You might also like: When should you replace the tires on your Kia? 

Comprehensive Coverage

Comprehensive coverage is designed to cover your vehicle in most events that aren’t collisions. Collision coverage is self-explanatory. If you have comprehensive coverage, you are protected from things like theft, “acts of god,” natural disasters, and falling objects. Comprehensive coverage gives you a little more peace of mind. 

Gap Insurance

When you buy a new car, its value goes way down as soon as you take it off the lot. If, heaven forbid, you total your new car shortly after buying it, your insurance company might only pay for its used Blue Book value. Gap insurance pays the difference between what you owe and you would be paid in the event that you total your new vehicle. 

Contact us to learn more 

Admin

Recent Posts

Kia Electrified Vehicles: Hybrids, EVs, and Plug-In Hybrids

Check Out the Kia Electrified Vehicles Lineup: Hybrids, EVs, and Plug-In Hybrids  Kia's electrified lineup…

2 weeks ago

Power Meets Efficiency: Performance of the 2025 Kia Carnival Hybrid

Engine, Transmission, and Performance of the 2025 Kia Carnival Hybrid   Are you looking to blend…

2 weeks ago

2025 Kia Seltos: Explore the Performance Features of the Vehicle

Performance Features of the 2025 Kia Seltos Looking for an SUV that delivers a perfect…

3 weeks ago

Discover the First-Ever 2025 Kia K4: All-New Compact Sedan

2025 Kia K4: All-New Compact Sedan Looking for a stylish and feature-packed compact sedan? The…

1 month ago

Discover the 2025 Kia Sportage Plug-In Hybrid in Garden Grove, CA!

Introducing the 2025 Kia Sportage Plug-In Hybrid in Garden Grove, CA If you're looking for…

2 months ago

Explore the 2025 Kia Carnival: A Family Minivan for Everyone!

Introducing the 2025 Kia Carnival Looking for a minivan that meets all your family’s needs?…

2 months ago