If you are a motorist in Manchester, CT who is in need of insurance coverage, you need to do your research. Brent Young Agency LLC can help you to learn everything you need to know to find the right insurance coverage.

The following are four things you might not know about auto insurance:

You need to add collision and comprehensive coverage to your policy for damages to your own vehicle to be covered. 

Some people don’t realize that basic auto insurance doesn’t include coverage for the policyholder’s own car.

Basic auto insurance only includes liability coverage. If you want coverage for your own vehicle, you need to add collision and comprehensive coverage. 

There are numerous optional coverages offered on an auto insurance policy.

Liability, collision, and comprehensive coverage are not the only types of coverage available. You can also purchase uninsured motorist coverage, rental vehicle coverage, gap insurance, and roadside assistance. There are numerous other coverage types you need to consider when buying a policy. 

Policyholders can choose from a few deductible options when they buy a policy.

The deductible on your policy is the amount you’ll have to pay toward the expenses you face when you file a claim. Your insurance provider should give you some deductible options when you buy a policy. You’ll save on premium costs if you opt for a high deductible. 

Motorists could qualify for discounts on auto insurance.

There are plenty of opportunities out there to save money on auto insurance. You may be able to pay less on your premiums thanks to bundling your insurance policies with the same provider. You may also qualify for a good student discount or an auto-pay discount. 

Give Us A Call

Do you have any questions about auto insurance in Manchester, CT? We can answer all your insurance questions at Brent Young Agency LLC. Give us a call for a quote!

Many things that we think of as common today were quite revolutionary just a hundred years ago. By now, many folks know some of the basics of automotive history, but have you ever considered the history of auto insurance and other types of insurance? We’re going to take a look. If you’re looking for (modern) auto insurance, feel free to reach out to Brent Young Agency LLC, serving greater Manchester, CT.

Now let’s take a look at the history of auto insurance in the United States.

A Quick Look at the History of Auto Insurance

The first auto insurance plan was taken out in 1897. While Michigan and Detroit specifically are perhaps the most famous place in America for cars, the first insurance plan was actually issued in Ohio. Gilbert J. Loomis of Dayton took out an insurance plan with the Travelers Insurance company.

Travelers Insurance Company had been around for several decades at that point. Up until Mr. Loomis took out auto insurance, however, the company was focused on fire insurance and maritime insurance. The oldest known insurance plans covered maritime trade. In the 14th century, traders in Genoa started to insure maritime shipments. The same principles of mitigating risks were eventually carried over to auto insurance plans.

These days, state governments typically require that you insure your car so that you can drive it on the road. Driving without insurance is often illegal. However, for a long time, insurance was treated as optional.

Things started to change in 1927 when Massachusetts became the first state to make auto insurance a must-have. Still, change was slow, and New York became the second state to institute a requirement, but that didn’t happen until 1956. By the 1970s, however, most states had made auto insurance mandatory.

Need auto insurance right now?

Get in touch with the Brent Young Agency LLC, serving greater Manchester, CT.    

Connecticut is an at-fault state, meaning you must carry insurance to pay for the other driver’s medical expenses and property loss in the event of an accident determined to be your fault. A minimum of $25,000 is required per person and $50,000 per wreck for injuries, while $25,000 is needed for property damage coverage. 

Collision insurance is not mandated in Manchester, CT, though many lenders will require you to purchase it as part of full coverage indemnification while you maintain a balance. 

Collision Automobile Coverage Can Protect You

There are many scenarios where collision insurance can protect your interests, as it specifically extends to circumstances where you come into contact with another object. You may, for example, hit another person’s bumper and need to fix damage to your car as a result. Ask a Brent Young Agency LLC agent for more information specific to your situation. 

In a situation where you roll your vehicle, you may be eligible for benefits. In addition, you may hit a guardrail, a light pole, a mailbox, or other stationary items. Your liability insurance takes care of the other party’s expenses when you cause an accident, but collision insurance pays for yours. 

Collision insurance gives you peace of mind if you’re driving a newer car that would be costly to fix. You are responsible for paying the deductible before this indemnification kicks in, so give consideration to how much out-of-pocket expense you wish to incur.

Typically, a lower deductible results in a higher premium and a lower cap will lessen your monthly outlay for insurance. Collision insurance can usually be purchased with or without full coverage protection. 

We Are Here to Assist You 

Brent Young Agency LLC aims to serve Manchester, CT residents with their insurance needs, and we invite you to reach out to us to find out more today.