Whether you’re heading to work, hitting the highway or chauffeuring the kids to their million (and one) activities, you want peace of mind behind the wheel. We're ready to help you with that! We’ve also put together this handy guide to steer you to coverage that makes sense for you.
If you drive a vehicle, all states require you to cover Liability coverage for any harm you may cause:
Covers you for damages your vehicle may cause to other people
Covers you for damages your vehicle may cause to others’ property
Depending on your budget, vehicle and driving habits, some or all of these can be good ideas for protecting yourself. A licensed Mylo agent can help you find the right combo:
Covers damages caused to your vehicle if it collides with something, whether or not you’re at fault. Exceptions: can’t be any kind of animal or a flying object (like hail) or if your car is over 15 years old, it may not be worth carrying (ask your agent).
Covers most of the things Collision doesn’t (animals, hail, flood damage, even falling avocados), whether or not you’re at fault.
Covers damages to you and your vehicle if you’re struck by someone without insurance. If you’re struck by a hit-and-run driver, it covers injuries to you but not your vehicle.
Makes up the difference if you’re struck by someone without enough insurance to pay for the damages.
Super affordable extra coverage that helps replace your car if it’s totaled, and you still owe more on your loan than the vehicle is worth.
All states require agents to offer medical coverage. This doesn’t mean you have to purchase it. Depending on your state, you can carry either:
Covers medical expenses to anyone injured in your car, whether or not you’re at fault.
Covers medical expenses, loss of income, funeral expenses and other benefits to anyone injured in your car, whether or not you’re at fault.
You may have seen something like this on an auto insurance policy: 100/300/100
It’s not weird secret code (well, not secret anyway). It’s called a “split limit.” Untangling the terminology, a split limit means your Liability coverage has a maximum payout for Bodily Injury (per person and per accident) and Property Damage (per accident).
100/300/100 means no more than $100,000 is paid for one injured person, no more than $300,000 for all injured people in one accident, and no more than $100,000 for property damage. 100/300/100 is the most common split limit. Your agent can find what’s right for you.
You can add anyone within your household who has ownership of the car to your policy. However, your policy needs to have a primary policyholder—called the first named insured. This first person listed on your policy is the one who’s legally responsible for making payments and the only one who can:
If your vehicle is damaged or totaled in an accident, your Collision, Comprehensive, and/or Gap coverage will kick in. But policies differ in how they calculate the cost of fixing or replacing your car. It’s good to know which you have so you won’t be surprised.
lost since your purchase).
same thing as yours.
No matter what coverage you need, there are discounts you may not know about to keep your premiums affordable: