Have you noticed that every time you try to learn about Georgia auto insurance, everything you could read will be filled with phrases and terms that are more than a little confusing? It can be hard to sort through that information and it could leave you wondering how you can even make the right decisions for your own auto insurance policies. To help you understand those terms, here is a quick reference to what you may hear about Georgia auto insurance.
Liability is a term that you may hear on a regular basis. This is a term that refers to a specific type of insurance that you are required to have by Georgia state law. It simply refers to an insurance policy that takes effect if you are liable for a car accident. Liable means that you are at fault. This type of insurance will cover the injuries or repair costs to the other driver and their vehicle.
Comprehensive is a term you may hear as well. This is also a type of insurance that you may choose to get. If you have an auto loan on the vehicle, then there is a very good chance that your lender will require that you have comprehensive insurance. This simply means it is an insurance policy that covers almost anything and that includes things that damage your vehicle other than collisions, like trees falling on the vehicle, vandalism, theft, and hail damage.
Deductible is another word you will certainly hear. This refers to how much you will have to pay before your insurance coverage will kick in. A lower deductible could equal less expense but it will make your monthly premium cost go up.
There are many different terms that you may hear in conjunction with Georgia auto insurance. These are just the basics, but they will definitely help you get started better understanding the information that you read.