Car Insurance Explained - 101 | Everything you NEED to know!

If you are new to car insurance and need to know where to start, this video will help guide you through what coverage options you have as well as, gives you specific levels of bodily injury and property damage limits you should carry.

Coverages mentioned in this video are:
BI = Bodily injury 50/100, 100/300, 250/500
PD = Property damage 25,000 50,000 100,000
UM = Un-insured motorist 50/100 - 250/500
UMPD = Un-insured property damage, value of car
UIM = Under-insured motorist 50/100 - 250/500
UIMPD = Under-insured motorist property damage, value of car
Medical payments = $5,000 +
Comprehensive = $100 - $500 deductible
Collision = $250 - $1,000 deductible

#carinsurance #autoinsurance

—————————————————————————
Follow Think Insurance for more savings
—————————————————————————

—————————————————————————
Popular and Related Videos
—————————————————————————

—————————————————————————
Think Insurance on Social Media
—————————————————————————

—————————————————————————
Think Insurance Legal
—————————————————————————

DISCLAIMER:
Please consult your agent before making any changes you feel you are not knowledgeable with. Due that the laws being different in each state, I am not responsible for any changes or updates that may have occurred after the making of this video.

This video and description contain affiliate links, which means that if you click on one of the product links, I will receive a small commission. This helps support the channel and allows me to continue to make videos like this. Thank you for the support! Car insurance advice, car insurance, auto insurance, home insurance, homeowner’s insurance and insurance discounts

[samplautz]

Insurance for teenagers is ridiculous. I checked a couple years ago and it would have been 120 per month, it’s now 67 per month for me since I turned 21

[judithzach]

Wow, thank you so much. You explain it so well so simple so exact! Also your video quality(voice/mic/etc') is very good, very pleasantly inviting

[chelofonte]

Very helpful video for a complete newbie on car insurance. Thank you very much!

[yawenliu]

Recently I am applying to property & casualty actuarial positions, hence I wanna learn about auto insurance coverages. Your video is really of great help to me, it is interesting how is so different in every state too. Thank you very much!

[kaydc]

Thank you! This was incredibly helpful, as were the linked videos.

[SimpleLingua]

Thank you! Great Channel - Great content!! I would recommend showing graphic information (like quote samples) in the video that will really help visual learners like myself.

[YOUNGFEAST]

thank you bro for explaining i gotta get my grind up and start payin off the premiums. and shopping wisely

[bpyvgin]

that was a very helpful video. Thanks bro

[CHARLESSBRONSON]

What insurance do you recommend i go with here in Las Vegas? I will be getting a brand new 4 runner and shopping around for insurance. Got a quote from AAA. I'm new to Vegas. Thank you for the great video.

[claudiajasmine]

Hi Mark. Thank you for the educating videos! I'm 26 years old and planning to have a new 2021 Honda Insight (this is gonna be my first car since I just relocated to the US). I now live in Fremont, CA. What are the best options I have, Mark?

[JordanKilgour]

Appreciate all the info you are providing in this video. I've been looking into car insurance more recently because my wife just got into a bit of an accident that was at fault, but no other car was involved. We have had progressive for the past 4-5 years and they've been great, I'm wondering if you'd recommend looking at anything else for the state of Maine? That's were we are located right now.

Also maybe a slightly unrelated question but I haven't been able to find a good answer - typically when you have $3-7k in damages that need to be repaired how much does your insurance premium go up? Is it double your current premium? 20% more? Just looking for a ball park number. Does the amount you spent on the fixes/repairs contribute to how much the next 6 month premium goes up or not?

Thanks for any insights you can provide!

[jonathoncardwell]

People in Alabama where there is a mandate on car insurance not many drivers have it. When car insurance agents misuse identities.

[tryxjay]

Hi, I really don't reside in Florida anymore because I'm being stationed in Groton CT. I'm only 19 years old and the only thing im still trying to get at is buying a decent vehicle but I don't have any credit at all whatsoever. I do plan on buying it in cash and making monthly payments for a decent vehicle

[elmore]

Great video! I understand that reporting a claim does have an impact in the policy premium. Although does is affect the same way when it is at fault versus not at fault?

[davidmohr]

They will still sue you, but your insurance company will provide an attorney to defend you. The insurance will pay any judgement against you, up to the amount of the $ limit you have chosen. Usually the insurance will pay any excess amount above your policy limit, if that insurance company had the opportunity to settle the matter pre-suit for an amount within your policy limit.

[ZevOrion]

Hi there, Mark! Thanks for the informative video. I went ahead and subscribed to your channel. I'm 24 and will be turning 25 in the summer. I'm in the process of moving from Illinois to Florida. I'm realizing how expensive FL car insurance is and trying to understand what coverage I actually need. I have a clean driving record, except for a speeding ticket I got several years ago. This May, the speeding ticket will be 3 years old and hopefully will no longer impact my insurance rates. Do you have any auto insurance company recommendations based on my situation? Any other advice you have would also be helpful. I really appreciate your time!

[SipInStyles]

Good Evening, Hello I love your video very helpful! I was wondering what's the best insurance I should choose living in Virginia? I'm new to all this.

[GJ-issv]

I recently changed auto insurance from State Farm to Progressive. I went from 50/100 to 30/60 Liability bodily injury coverage in Texas. We are in our 60’s, and doesn’t drive much. Can you give us some advice?

[zoilarivera]

Great video…I learn so much. I’m from Bronx, NY someone hit my parked car in the street and damaged the tire, door and mirror. I only have liability should I contact my insurance, do they help fixing the damage. One more thing, can I request to see security surveillance from a shelter in front of where they hit my car because I don’t know who hit my car. Any reply would be greatly appreciated🙏🏻

[iTzPz]

How long does a dui typically affect rates? Do the rates gradually go down as the years go by or is it a set time before a rate drop?