Most of the population knows that auto insurance is super important to have, and most states require it. Although most states have a minimum liability requirement, it might not be enough to cover a claim if you are in an accident. What happens if you do not have enough auto insurance? Storey Insurance is here to assist Senatobia, MS drivers with all their auto coverage concerns. 

Consequences of inadequate auto insurance

Car accidents are awful enough without worrying about how you will pay for one. This is one of the reasons liability insurance is mandatory throughout the United States. The damage from a car accident can cost several thousand dollars, not to mention the added bodily injury liability costs. If you only have the bare minimum amount of insurance, you would be responsible for several thousand dollars worth of damage. Those expenses could affect your whole way of living.

If you don’t have enough insurance or money to pay for it, the other party might file a lawsuit against you. Depending on the outcome, you could lose your license, and they could garnish your salary, put a lien on your home, or do whatever they needed to resolve the claim.

How to cut costs

Sometimes, people are concerned about the cost of their insurance, so they try to cut out the most expensive parts. Unfortunately, the most expensive part of auto insurance is liability coverage. If you want to cut down on the premium, you can raise your deductible or cut out some of the other coverage options.

How can you protect yourself?

The best thing you can do to protect yourself from these potential financial downfalls is to get an adequate amount of liability insurance. With the proper amount of insurance, you can save your wallet in case of a costly accident. Stop by or contact us at Storey Insurance in Senatobia, MS for your auto insurance needs.

Did you know that auto insurance is a requirement in 48 out of 50 states? Every state except New Hampshire and Virginia requires drivers to have a minimum amount of liability coverage. If you live or are near the Senatobia, MS area, Storey Insurance can provide you with the coverage you need.

Why is auto insurance important?

Auto insurance is needed for any damage you cause, to comply with state laws, to meet lender requirements, and to protect your personal assets.

There are three types of coverage on an auto insurance policy:

• Liability coverage pays for the other driver’s expenses in the event you cause an accident. It does not cover your damage. The two types of liability coverage are bodily injury and property damage.
• Collision coverage helps pay for repairs or replacement of your car if it is damaged in an accident with an object or another vehicle. This type of coverage is usually required by a lender in the event your vehicle is financed.
• Comprehensive coverage pays to repair or replace your vehicle if it is stolen or damaged in an incident not involving a collision with another car.

An automobile insurance policy is an agreement between you and the insurer. If you continue to pay your premiums, the insurance company will cover the cost of vehicle repairs, injuries, and other types of damage. You choose the coverage limits that determine the amount of financial compensation you will receive from the policy. As you increase the policy’s limits, the insurance premium will go up.

Insuring your vehicle with full coverage will offer more protection and is required if you are still making payments for the vehicle. If you are driving a car that is more than ten years old, has higher mileage, or if you are in a financial position to easily replace your car, you may want to consider a liability-only policy.

Get Auto Insurance Today

Storey Insurance in Senatobia, MS acan provide a quote or answer any questions you may have. Contact them today.

Anyone that is going to own a car in the Senatobia, MS area will need to recognize that it is a valuable asset that needs to be properly insured. For practically any car owner, having auto insurance will be required by state law and any mortgage lender. Due to this, you will want to know that you have proper coverage at all times. If you are not properly insured, a number of consequences could arise.

Lack of Auto Insurance: The Consequences

No Protection

One of the key consequences if you are not properly insured with auto coverage is that you will not receive proper protection and support. There is always a chance that your car could be stolen, involved in an accident, or that you could be named liable for someone else’s loss. If you do not have insurance, you will have to cover any associated costs with this out of pocket. 

Violation of Law and Agreements

If you are not insured with a proper auto plan, you also will be in violation of the law and various agreements. Like other states, Mississippi requires that drivers carry an auto insurance policy with minimum liability coverage. If you do not have that, you could face penalization. Further, if you have taken out a loan, you likely will need to have a full comprehensive plan to remain in good standing with your lender.

Contact Us Today

It is very important for car owners in the Senatobia, MS area to continue to retain auto insurance. When you are looking for a policy, Storey Insurance will provide the support needed to select your next plan. Storey Insurance knows the value of this type of coverage and can help you build a policy that will meet your needs. This will ensure you remain appropriately covered at all times. 

When it comes to car insurance, there are many things to consider. You want to make sure you get the best coverage for your needs at the best price. But before you settle on a policy, there are a few questions you should ask. Storey Insurance in Senatobia, MS offers the following guide. 

The Top 5 Questions To Ask Before Buying Auto Insurance

1. What Kind of Coverage Do I Need?

There are a lot of different types of car insurance coverage, from liability to collision to comprehensive. You need to decide what kind of coverage is right for you and your budget. Consider things like the value of your car, your driving record, and where you live when making your decision.

2. How Much Coverage Do I Need?

Again, this depends on a lot of factors. But you want to make sure you are fully covered in the event of an accident. The minimum amount of coverage required by law may not be enough to protect you and your car.

3. What is the Deductible?

Your deductible is the amount of money you will have to pay out of pocket before your insurance policy kicks in. It’s important to choose a deductible you can afford but that also provides you with enough coverage in the event of an accident.

4. What is the Premium?

Your premium is the amount you pay each month for your car insurance policy. It’s important to find a policy that fits your budget, but don’t sacrifice coverage for the price.

5. What is the Claims Process?

If you have to file a claim, you want to know that the process is easy and straightforward. Find out how to file a claim with your potential insurer and what kind of support they offer during the claims process.

These are just a few of the questions you should ask before buying car insurance. Storey Insurance in Senatobia, MS can help you with all your car insurance needs. Give us a call today for a free quote!

 

Driving in Mississippi is a convenient and fast way to get around. We’ve got beautiful scenery and there are so many nearby sites and attractions to enjoy from the road. Road trips are a popular activity here, and for good reason! 

The team at Storey Insurance wants Senatobia, MS residents to understand the importance and value of having a quality auto insurance plan in Mississippi. 

Mississippi law requires you to maintain the minimum liability coverage on your vehicle. In Mississippi, the minimum is 25/50/25 of liability coverage. That is $25,000 in injury coverage for the first injured person and $50,000 for the entire accident. While this is a good start, there are many plans available that provide the driver with much more coverage and protection in the event of an accident. Those are worth exploring because the financial protection they offer is much greater. 

When selecting an auto insurance plan, it’s essential to consider your personal situation. Is it just you on your policy, or are you covering other family members and dependents? Your partner and children? How far do you and your family drive on a regular basis?

If you have new drivers on your policy, full coverage is highly recommended. New drivers tend to make their parents worry any time they leave the house with the family car, so it can be a relief for parents to know that their insurance coverage is substantial, should anything ever happen. 

Storey Insurance is here to help Senatobia, MS residents with any questions or concerns you may have about auto insurance or any other insurance that you need. Our agents have years of expertise in selecting the appropriate policy depending on each client’s lifestyle and needs. Contact us today! 

Auto insurance provides financial protection from auto accidents that may result in various bills, from vehicle repairs to hospital bills. If you own a vehicle, then you are required by law to maintain some coverage. Speak to the knowledgeable people at Storey Insurance serving Senatobia, MS about your auto insurance requirements.

Types of Auto Insurance

There are several types of auto insurance options. 

Liability Auto Insurance

Mississippi law requires you to maintain liability coverage on your vehicle.

Bodily Injury Liability Insurance

This insurance provides coverage for any injuries or damages another person may sustain in an auto accident where you or the person listed on your insurance is responsible.

Property Damage Liability Insurance

This insurance provides cover for any damage that you may cause to another person’s vehicle or property as a result of an auto accident for which you are liable.

Medical Payments Insurance

This insurance provides cover for any injuries you or your passengers may suffer due to an auto accident. It does not usually matter who is liable.

Uninsured or Underinsured Motorist Coverage

If an uninsured driver is at fault, then this type of insurance has options to cover damage to yourself, your passengers, and your property. Mississippi has a large number of underinsured drivers, so it is worthwhile considering.

Property Damage Insurance

Collision

This insurance is for repairs to your vehicle or for paying for your vehicle’s actual cash value (ACV) if it is totaled, meaning beyond repair. There is usually a deductible that you will need to pay if there is an accident.

Comprehensive

This type of auto insurance is for when your vehicle sustains accidental damage that isn’t a result of an accident, usually including theft, vandalism, and fire.

Speak to Storey Insurance serving Senatobia, MS today about your auto insurance needs!

These days, auto loans have become multi-year obligations. By the time you finish paying off your loan, you may be wondering if your vehicle even needs auto insurance anymore. It may seem like a good idea to not only not have an auto loan payment but do away with the insurance premium as well. At Storey Insurance in Senatobia, MS, we are here to help our customers 24-hours a day 7 days a week. We will be here for you from the time we find you a policy through any emergencies you may have. 

In Mississippi, you are required to carry at least the minimum auto insurance. In Mississippi, the minimum is 25/50/25 of liability coverage. That is $25,000 in injury coverage for the first injured person and $50,000 for the entire accident. An additional $25,000 is for property damage. If you don’t carry at least the basic minimum amount of auto insurance the first time you are caught you will be fined $1,000 and have your driving privilege suspended for one year or until you show proof of insurance. 

Liability insurance protects other people from the results of an accident that you are responsible for. But, what about your vehicle? If you have only basic coverage your vehicle will not be covered and depending on the amount of damage, you will be responsible for the repair. If it is a total loss, you are out of luck. If you don’t have an accident, but your vehicle gets damaged by events beyond your control, could you easily pay to repair or replace it? If the answer is no, then perhaps having collision and comprehensive insurance is worth your while. 

Most people count on their vehicles every day. Living without it would be a hardship. At Storey Insurance in Senatobia, MS we can help you find the perfect auto insurance policy for you. 

Auto insurance is something we all need but probably don’t think about too much. Fortunately for the Senatobia, MS community, Storey Insurance is here to address the area’s insurance needs. We recommend that our clients review their policies before renewal and are here to help! As your family grows and daily needs change, it’s important to make sure that auto coverage is appropriate for those needs. 

Mississippi auto insurance features

In Mississippi, we have state-enforced insurance guidelines that are a helpful starting point for Mississippi drivers. Insurance needs can be unique, and it’s important to ensure that those needs are met. Teenage drivers, commuters, and retirees all have varying levels of appropriate insurance coverage. There are also many wonderful features and benefits available, such as roadside assistance, rental car coverage, and enhanced liability protection. Depending on your lifestyle, these features, or others that are available, may be appropriate.

A regular auto policy review is a great way to ensure that your family’s coverage is adequate and appropriate. A professional agent will take the time to ensure that they understand the auto insurance needs of your family and provide information on policies that are a good fit. It is important to have all relevant information to review before making an informed decision. Auto insurance is a necessary part of our lives.  

Review, don’t just renew!

We’ve found that many clients renew their insurance policies year after year without confirming that their needs are still being met. Insurance needs can change over time, and one’s policies must keep pace. Here at Storey Insurance, we are prepared to meet the insurance needs of the Senatobia, MS community. Call, click, or stop by today!