Auto Insurance For Millennials: What You Need To Know

​Undoubtedly, the invention of the car stands as one of the greatest achievements in the world, offering unparalleled convenience and time-saving benefits. In the United States alone, approximately 80 percent of the 73 million millennials own a car, representing a staggering 58.4% of the population. While car ownership is indeed advantageous, it also carries its share of responsibilities and potential liabilities. With millions of deaths resulting from car accidents each year, it's vital to understand how car insurance can provide safety and protection in the face of unforeseen events.

Here are key insights to help you understand car insurance:

1. Road Accidents and Their Consequences: Recent data from the National Highway Traffic Safety Administration reveals that over 6.7 million road accidents in the U.S. are attributed to traffic-related incidents. The average collision claim in 2018 amounted to $3,754. The question to consider is, can you cover such expenses out of pocket? Accidents can happen to even the most skilled and defensive drivers. Being insured and selecting the right coverage for your car can spare you from financial and logistical inconveniences.
   
   
2. Fender-Bender Coverage: Minor collisions, often referred to as fender-benders, are a common occurrence on the road. If your vehicle sustains damage due to such an incident, your insurance can come to the rescue by covering repair expenses. In cases where repair costs exceed the actual value of your car, your insurance company may compensate you for the total loss.
   
   
3. Accident Liability Coverage: This type of coverage is crucial in case you are responsible for an accident that results in harm to others. Liability coverage encompasses medical expenses, physical and emotional damages, funeral costs, legal services, and recovery. It extends protection to you, your passengers, and those affected by the accident. In some states, liability coverage is mandatory.
   
   
4. Damage to Property Liability Coverage: This specific coverage addresses damages inflicted on other people's property during an accident. Whether it's a damaged fence that requires repair or replacement, this coverage ensures you're financially protected. However, it's important to note that it exclusively covers property damage and not damage to your own vehicle.
   
   
5. Comprehensive Coverage: While the term "comprehensive" may suggest all-encompassing protection, it's essential to clarify its scope. Comprehensive coverage extends beyond accidents to cover damages caused by non-collision events, such as natural disasters, vandalism, and theft.

In Conclusion:
Selecting the right car insurance coverage may seem overwhelming, but it is undoubtedly a wise investment in your and your family's protection. At Auto Express Insurance, we stand by you, helping consumers save money while safeguarding their financial well-being for the future. Obtain a free quote by clicking the provided link.

At Auto Express Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (832) 232-4655. You can also request a free quote by CLICKING HERE.

Disclaimer: The information presented in this blog is intended for informational purposes only and should not be considered as professional advice. It is crucial to consult with a qualified insurance agent or professional for personalized advice tailored to your specific circumstances. They can provide expert guidance and help you make informed decisions regarding your insurance needs.​