Whether you drive an old car or a new automobile in Chapin, SC, you need auto insurance from PAL Finance Group LLC to protect you and your vehicle against covered perils like vandalism, theft, and fire. But because sometimes purchasing auto insurance can be challenging and overwhelming, at PAL Finance Group, we are here to help. Knowing the ins and outs of auto insurance helps you make an informed decision when shopping for auto insurance.
Is auto insurance mandatory in South Carolina?
Like many other states, South Carolina law requires all drivers to maintain the minimum amount of liability in their auto insurance. The liability coverage protects you against bodily injury and property damage caused to third parties. Failure to purchase auto insurance may attract fines and penalties, including license suspension.
Auto insurance coverage options
Conforming to your state’s required minimums isn’t a guarantee that you are sufficiently protected. That said, it’s a prudent idea to consider the following coverages so that you can enjoy optimal protection while on or off the road.
- Collision coverage: It covers repairs or replacement of your vehicle after physical damages occur from a collision with another car or stationary object.
- Comprehensive coverage: It pays for repairs or replacement of your vehicle after physical damage from non-collision perils like vandalism, hail, falling objects, and other prevailing risks.
- Uninsured/underinsured motorist coverage: If you are hit by a motorist who is inadequately covered or isn’t insured at all, this coverage reimburses injuries and damages incurred.
- Medical payments coverage: This policy covers medical costs such as hospitalization, surgery, physiotherapies, and X-rays if you or your passengers are hurt in an accident.
When shopping for auto insurance, it’s vital to feel secure knowing you have an insurance agent that takes your insurance needs at heart. If you are looking for such a partner, contact PAL Finance Group LLC in Chapin, SC.