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. Mylo is part of Lockton, the world’s largest independent insurance expert, connecting people to top policies for 50+ years. We’ve put together a 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:
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:
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:
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.
No matter what coverage you need, there are discounts you may not know about to keep your premiums affordable:
Mylo's friendly licensed agents are pros at finding affordable, top-rated insurance for your car, motorcycle, ATV, RV, antique car or other cool ride! Talk to us for a custom consultation on the right coverage for you or start your quote online.