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Bacon Insurance Group

3711 Westerre Pkwy, Suite D
Richmond, VA 23233

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Common Types of Coverage Options for Auto Insurance

Shopping for auto insurance can seem overwhelming. Many coverage options are available in and around Richmond, VA. It is essential to understand their differences to make an informed decision.

Bacon Insurance Group offers several types of auto insurance coverage to help protect your vehicle and assets.

Here is a breakdown of the basic options:

Liability Coverage 

Liability coverage is one of the most basic forms of auto insurance. Bodily injury liability helps cover the costs of treating someone else’s injuries if you cause an accident. Property damage liability covers damage to another person’s property resulting from an accident you caused. 

Collision Coverage 

Collision coverage helps pay for repairs or replacement costs for your car if it is damaged due to an accident that was your fault. It usually covers both at-fault and not-at-fault accidents, although there may be some exceptions depending on your policy. 

Comprehensive Coverage 

Comprehensive coverage is another type of auto insurance that protects against non-accident-related damage, such as theft, weather damage, or vandalism. It also generally covers repair or replacement costs if your car is damaged by something other than a collision in Richmond VA.

Uninsured Motorist Coverage 

Uninsured motorist coverage helps cover medical expenses and lost wages if you are injured in an accident caused by a driver who doesn’t have auto insurance. It also helps protect you if you are hit by a driver who flees the scene without providing their contact information or insurance information (known as a “hit-and-run” accident).  

Get The Right Coverage For Your Needs

If you want to learn more about the different types of coverage and what might be best for your needs, contact Bacon Insurance Group today! We serve the greater Richmond, VA community. Our friendly agents will answer all your questions and help you get the right policy for your situation so that you can drive with peace of mind knowing that you are covered in case something unexpected happens.

Why basic auto insurance may not be the right choice

Basic auto insurance is the least amount of coverage that you must have to be in compliance with the requirements of the state of Virginia. At Bacon Insurance Group in Richmond, VA, we have been providing personalized service to our customers for more than 25 years.

Basic insurance is right for some people but not for everyone

In Virginia, basic insurance is 25/50/20. What that means is $25,000 for one person injured in an accident where you are the responsible party, $50,000 for all the injuries if more than one person is injured, and $20,000 for property damage. This seems like a reasonable amount of coverage but, if someone is seriously injured, a hospital stay can be thousands of dollars a day. A higher level of coverage may be right for you. 

If you have a car loan or if you lease your vehicle, you will need to have additional coverage. You need to protect the car which is not yours, you will need to cover it against damage, which means having collision and comprehensive coverage and full glass coverage. 

If you are like most drivers, you count on your vehicle every day to do your normal activities like getting to work, grocery shopping, and all the other things that require you to drive. When you have an accident, will you be able to pay for the repairs that are needed to get your vehicle back on the road?  Is your answer no?  Then basic auto insurance isn’t the right option for you. Having collision and comprehensive coverage will get you back onto the road where you need to be without more than a deductible payment. 

Get Auto Insurance Today

Contact Bacon Insurance Group in Richmond, VA for all your auto insurance needs. We can be reached on the phone, in person at our office, or through email. 

What Factors Affect My Auto Insurance Rates?

 The cost of your auto insurance has a significant impact on your overall cost of car ownership. Therefore, it’s no surprise that many car owners in Richmond, VA, are looking to keep their car insurance rates at the minimum level. Here are factors that can increase or lower your car insurance rates. 

1. Your Age

Auto insurancers typically view younger drivers, especially those in their teens and early 20s, as a more considerable risk and more expensive to insure and charge them higher insurance rates. This is because younger drivers are less experienced. Older drivers – those above 50 years old – have more affordable insurance rates. 

2. Driver’s History

Car insurance companies consider a driver’s past as a reliable predictor of their future. Therefore, if your driving history is full of DUIs, speeding tickets, and reckless driving charges, they assume you will have more of those in the future and charge you higher auto insurance rates. However, your rates will be much lower if you have a clean driving history. This is why at Bacon Insurance Group, we advise drivers to do their best to abide by traffic laws and regulations. 

3. Your Credit Score

According to reliable data, drivers with a poor credit score file more claims compared to drivers with a good credit score. Thus, if your credit score is poor, your car insurance rates will be higher, and if it’s good, you will have lower rates. 

4. Annual Mileage

The more miles you accumulate on your car, the more likely you will get involved in an accident. As a result, auto insurance providers usually charge higher rates to drivers with higher annual mileage than those with lower annual mileage. 

Are you looking for a reputable auto insurance provider to insure your car in Richmond, VA? Contact us at Bacon Insurance Group, and our friendly auto insurance professionals will help you figure your car insurance out. Call us today.  

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