Approximately 6% of all drivers in the U.S. are uninsured, according to the Insurance Research Council. Having auto insurance is legally required throughout many states in the US, even if you are holding a no-fault auto insurance plan. Whether you already have insurance for your vehicle or if you're looking for the best deal, there are a few common questions drivers ask about auto insurance prior to making their decision. The more familiar you become with how auto insurance works, the easier it will be to find an insurance plan that works for your needs and your budget.

What Are the Minimum Auto Insurance Requirements for Living in My State?

Each state in the U.S. differs in the laws and requirements that are currently in place regarding automobile insurance. While many states require a minimum of liability insurance, there are some states that do not require proof of insurance when pulled over or in an auto accident.

If I Am at Fault in an Accident, Will I Be Completely Covered, Including My Assets?

Most often, when you obtain liability insurance, you are protected legally and financially should you find yourself in an auto accident. However, it's important to clarify that you are completely covered by the insurance policy you take out before getting behind the wheel.

Do I Require Uninsured and Underinsured Motorist Protection?

This is another question that will vary by state. Not all states require citizens to hold uninsured and underinsured motorists' protection. However, you will require insurance in a state that calls for it, regardless of the type of vehicle you own and/or drive.

How Protected Am I if I Seriously Hurt or Injure Another in an Accident?

This is one of the most important questions to ask when obtaining insurance for your vehicle. Ensuring that you are protected legally and financially if you are involved in an accident should always remain a top priority when seeking an insurance policy that is right for your needs. This will also provide you with much-needed peace of mind anytime you are behind the wheel.

What Is Not Covered by My Current Car Insurance Policy?

Whenever you're taking out a new auto insurance policy, it's imperative to clarify the coverage you receive as well as what is not covered. Some examples of additional coverage options available that may not be available with your liability insurance include:

• 24-hour roadside assistance: If you're looking for 24-hour roadside assistance, you will need to search for an insurance provider that offers assistance at your premium cost.
• Gap coverage: Whenever a vehicle is stolen, damaged, or totaled, gap coverage can assist with covering the remaining amount of value that is left of the vehicle.
• Rental car reimbursement: Anytime you are involved in an automobile accident, you may require a rental car. However, in most cases, you are required to pay for the rental car yourself. With the right insurance policy, you may have your rental car reimbursed regardless of who is at fault for the accident you were recently involved in.

What Is the Cost of My Deductible?

As with any insurance policy you take out, it's important to clarify the deductible that is required with your policy. Keep in mind that your deductible will include the amount of money you are required to pay anytime you are in an accident or if you have comprehensive coverage. A higher deductible will likely result in a lower insurance bill, whereas a lower deductible will result in a higher insurance bill. Review your options before choosing auto insurance that is just right for the coverage you need.

When Will My Policy Renew?

Many insurance policy providers today require policies to be paid in full at least six months in advance. However, it's also possible to find insurance providers that will offer you the auto insurance you need on a monthly basis. Asking about policy renewal dates as well as whether the policy is paid monthly or semi-annually will also provide you with peace of mind. Knowing when your policy is due will help you to prepare ahead of time to pay or to compare your options with alternative insurance providers.

Obtaining the right auto insurance policy is a way to gain peace of mind while knowing you are protected legally anytime you are behind the wheel. With the right insurance policy for your vehicle, you can plan your next trip knowing that you and your vehicle are in the right hands. Call Gary Young Insurance today to learn more.