Auto Insurance

Different Types of Auto Insurance

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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!

Do I need auto insurance after my auto loan is paid off

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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. 

What Mississippi drivers need to know about auto insurance

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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!

Do all Mississippi car owners need auto insurance?

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When you are in the Seantobia, MS area, it makes a lot of sense to own a car. Those who are vehicle owners in this area of the state will have a much easier time getting around town and completing all of their daily tasks. As you are looking for a car here, you should also carefully assess your insurance needs. There are a few reasons people need to have auto insurance. 

Coverage is a State Requirement

A reason that people here need to get auto coverage is that having it is a state requirement. Those that would like to drive a car here will need to comply with the state’s laws surrounding liability insurance. If you do not have the coverage necessary to comply with this provision and requirement, you could violate state law. You will face a variety of different penalties. 

Coverage is Needed to Protect Car

You will also need to get an auto policy to protect your car. Anyone that buys a car will be making a big investment, and the best way to protect it is with insurance. When you get an auto insurance plan, it will provide you with the coverage needed to repair or replace your car if it is stolen or damaged. 

People all over the Seantobia, MS will need to have auto insurance when they buy a car. If you are going to purchase a vehicle here, you also need to make sure that you understand your insurance options. The team with Storey Insurance can help you determine your needs and options regarding insurance coverage. Storey Insurance can then help you build a policy that is appropriate for your situation. 

How much auto insurance do I need to carry

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Need is one of those words that can be defined in a few different ways. A need can mean required by law, or it can mean should have from a practical sense. At Storey Insurance in Senatobia, MS, we have an experienced team of independent agents ready to make sure that you get what you need when it comes to auto insurance. 

If you have a car loan or are leasing your auto, you will need to carry both collision and comprehensive coverage. The lender or lessor will require it to protect the money they have invested in your vehicle. In the state of Mississippi, you are mandated to carry liability auto insurance. This protects other drivers and their property from you. The minimum that you must have is 25/50/25. $25,000 in accident or death protection for one person and $50,000 for the total accident. It also has $25,000 for the property of the accident victim. 

Liability is the required coverage the state says you need to carry but is it enough for you? For most people, having a car is not optional, and it is a necessity. Getting to work, to the grocery store, and appointments are all much more difficult if you can’t just get into your car and drive there. If you have an accident and you are at fault, or the other driver has little or no insurance, you will have to pay to repair or replace your vehicle. 

For most people, that type of expense would prove to be a hardship. With collision and comprehensive auto coverage, you would only need to come up with the deductible. 

If you have questions about the coverage you have on your auto policy, we would love to clarify things for you. At Storey Insurance in Senatobia, MS, our team has the experience you are looking for. Please stop in at our office or give us a call and let us give you a no-obligation quote.

 

Is basic auto insurance the right choice for me?

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Basic insurance is the amount the state of Mississippi requires drivers to carry to register their motor vehicles. The amount you need to carry is $25,000 in bodily injury or death for each person with a total maximum of $50,000. You also need an additional $25,000 for damage to property. This is usually referred to as 25/50/25. It is the necessary amount required, but is it the right amount for you? Before that question can be answered, your insurance agent will need to ask you for some information. At Storey Insurance in Seantobia, MS, we have been helping our customers find reliable coverage at reasonable prices for over 17 years. 

To know if basic auto insurance is the right choice, the first thing you need to consider is how much are you worth? Do you have assets, own a home, have savings? Will the basic amounts of liability insurance be enough to protect your assets in the event you have an accident where you are at fault? You could be made to pay hospital expenses and even be sued. It may be the basic amount is not enough. 

If you own a vehicle with very little value, then basic insurance may be enough. But if you have a loan or a lease, you will need to carry collision and comprehensive coverage. If you own your car outright and it has significant value, and you rely on your vehicle to get to your employment, to appointments, or just to go grocery shopping, then having more than basic insurance is in order. Collision and comprehensive protect your vehicle and will help you to repair or replace it. 

At Storey Insurance in Seantobia, MS, we are here to help you make sure you have all the auto insurance you need. Stop by our office or give us a call to make an appointment for a no-obligation quote. 

Finding The Auto Insurance That Fits Your Budget and Needs

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Have you ever been driving on the road during a regular commute, and out of nowhere, an accident happens? Driving on the road requires the utmost attention and attention from everyone. There are some uncontrollable situations and accidents that can occur at any moment while on the road. This is why having auto insurance that covers you in the worst-case scenario is vital to invest in. 

Storey Insurance is an independent agency that has served the Seantobia, MS area since 2017. Our owner Richard Storey believes in helping customers with the best auto insurance possible that fits within their budget. We strive for customer satisfaction and safety at all times. We are available 24 hours a day, seven days a week, so that our customers know that they will not be alone in the case of an emergency. Having a local team that is always there to help you, and prepared to assist you is one thought that you do not have to stress about. 

Over the years, we have been able to provide individuals with auto insurance coverage with no hidden details. Being legal and protected with the proper auto insurance will save you from unnecessary stress. Choosing the policy that will be beneficial for you can be based upon your car’s make/model and your driving history. Unfortunately, there are some drivers on the road that does not have auto insurance while driving behind the wheel of a car, which means just a little bit more cushion never hurts (but is not required). 

Are you ready to discuss your thoughts/plans with one of our agents in Seantobia, MS? Please feel free to contact us via phone during our business hours at (662) 560-7021. You can also e-mail an agent, and we will respond to your inquiry in a timely fashion.