Auto Insurance FAQs

From Insurance Lounge

  • Why do I need auto insurance?

    Auto insurance is required by state law. You need car insurance to protect your car, yourself and your passengers. You also protect assets like your home and savings when maintaining auto insurance.

  • What kind of auto insurance do I need?

    The kind and amount of coverage you need depends on your current life situation. A good way to make these decisions is to start with your goals. The list below is a good place to start: Collision – Protect your car against damage caused by a collision with another car Comprehensive – Protect your car against damage caused by hitting a tree... More

  • What is a deductible?

    A deductible is what you agree to pay out of pocket when you use your car insurance. The higher you set your deductible, the less you’ll pay for your policy and vise versa.

  • What is liability coverage?

    Liability covers bodily injury and property damage (BI/PD). This covers your legal liability, up to the dollar limits you select, for damages caused to others in a covered vehicle accident. In most states today, liability insurance is mandatory. Under BI/PD, your insurance company pays for damages to an injured person and for property damage that... More

  • What is collision coverage?

    When you buy collision coverage, your insurance company pays for damages if your vehicle collides with another vehicle or object. Collision coverage involves a deductible amount you select when you purchase your policy. This amount is what you are required to pay before your insurance company starts picking up the tab. Remember, the deductible... More

  • What is comprehensive coverage?

    Comprehensive covers damage caused by events other than a car collision—such as fire, theft, vandalism, hail or flood. It also covers damage caused by your vehicle colliding with an animal. And if your car is stolen, it will cover the cost of a rental, subject to a daily limit. Like collision coverage, a deductible usually applies.

  • What other optional coverages should I consider?

    Comprehensive, Collision, Medical Payments, Towing, Rental Reimbursement, Uninsured Motorist Property Damage, as well as other company specific optional coverage’s may be available.

  • What kinds of things affect my auto insurance rates?

    Insurance companies evaluate your driving record, where you live and how many mile you drive on average. Past accidents or tickets will affect your rate.

  • What are state minimums in states where you sell insurance?

    Below is a list of state minimums in the states where Insurance Lounge® offers insurance. This includes bodily injury, property damage, uninsured motorist and personal injury coverage. If you have any questions about this information, chat with an agent. OREGON: 25/50/20 BODILY INJURY: $25,000 PER PERSON $50,000 PER ACIDENT PROPERTY... More