What are the 3 Parts of an Auto Insurance Policy?

Not Sure How Car Insurance Works? Wondering, “What are the 3 Parts of an Auto Insurance Policy?”

Then we’re here to help! The Insurance Stops is a trusted car insurance company here in COS. We love equipping people with the tools and the knowledge that they’ll need to choose the best car insurance policy for their unique needs. So if you want to know more about car insurance and you’re wondering, “what are the 3 parts of an auto insurance policy,” then we’d be happy to address all of your car insurance questions and help you evaluate your best car insurance options for free!

First, let’s answer that very important question of yours: “what are the 3 parts of an auto insurance policy?”

Most auto insurance policies are made up of three parts: liability insurance for bodily injury, liability insurance for property damage, and uninsured/underinsured motorist coverage.

Let’s chat about each of these parts in more detail.

Liability Insurance for Bodily Injury 

This type of liability insurance protects you against the claims of other people who are injured in an auto accident that you caused. This includes medical bills, lost wages, and pain and suffering charges. By having adequate liability insurance for bodily injury, you won’t have to worry about paying out-of-pocket for any drivers injured in an auto accident for which you are at fault. Instead, your car insurance company would pay for these fees. 

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Liability Insurance for Property Damage

Similar to liability insurance for bodily injury, liability insurance for property damage protects you against the costs of other drivers’ damaged property in an auto accident for which you are at fault. This includes damages to other vehicles, as well as property damages including walls, fences, and equipment.

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Uninsured/Underinsured Motorist Coverage

In the event that you are involved in an auto accident with a driver who does not have adequate car insurance, uninsured/underinsured motorist coverage protects you from having to pay for the damages to your vehicle out of your own pocket. Uninsured/underinsured motorist coverage is a great way to protect yourself from motorists who do not adhere to the minimum coverage requirements of the state of Colorado. By investing in uninsured/underinsured motorist coverage, you won’t have to worry about getting stuck with the damages and the bill in the event that you’re hit by an underinsured driver.

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Still Wondering, “What are the 3 Parts of an Auto Insurance Policy?”

If you still have questions and you’re still wondering to yourself, “what are the 3 parts of an auto insurance policy,” then we’d be happy to give you the answers that you need! The Insurance Stops is a team of car insurance professionals here in Colorado Springs. Whether you’re looking for a new car insurance policy or you’re a first time shopper, we’re here to address all of your car insurance questions. Even better, we’ll help you weigh your best coverage options! Claim your free car insurance quote today, and start comparing car insurance policies for free!

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★★★★★ Evelyn was extremely pleasant and worked to get me a good policy for nearly half the price of other companies. Hands down the best place in the springsMarshall S. ★★★★★ Evelyn was very helpful and polite. She gave me the best quote. I really recommend it!Response from the ownerDIANATHANK YOU FOR TAKING THE TIME TO LET ME KNOW THAT EVELYN ISDOING A GREAT JOB FOR HER CUSTOMERS.BRIAN Diana V. ★★★★★ The best experience I've had purchasing, the dreaded, insurance.Will Jones was informative, engaging, and just fantastic at assisting me.I will definitely continue to bring my business to Insurance Stops and Will.Thank you so much, Will, you ROCK.beth G. ★★★★★ One of the best experiences purchasing insurance I have had.Will Jones was informative, understanding and just an awesome person.Thank you, Will!Beth G. ★★★★★ Friendly Fast and Curtious. I have more than a one vehicle and they set me up a nice plan that insures all my vehicles at about the same cost as one. Been 2 years in a row with this company.Response from the ownerMaximillian,Thank you for your review and for sticking with us for 2 years! So glad we can help! Maximilian R. ★★★★★ I've been getting insurance for 10+ years. I get both my vehicle and motorcycle insurance through them They've always helped me find the options for the lowest rates and Will over there is an expert at finding the simple solutions. I've never had to file a claim 🤞 but I feel confident that the office has my back. Always good customer service would recommend 👍Response from the ownerJaymen,Your 5 star review is very much appreciated! Your kind words are much appreciated. We appreciate your business and Thank you for everything.-Brian Jaymen J. ★★★★★ Man these guys are amazing..don and will always help me and take care of my insurance needs...you can not go wrong with these guys.. will never leave them..5 star staff and owner...Response from the ownerTonyYou are the best customer an Insurance Agent could ask for!Thanks for the 5 star review. Lorri will be thrilled beyond herwildest dreams to have received this great review!Thank youBrianAgency Owner Tony T. ★★★★★ Great service nice peopleResponse from the ownerDaleThank you for your kind words!We appreciate you taking the time to post your positive experience.Brian Dale Edward I. ★★★★★ Unbeatable prices! As a foreigner, I am always quoted a lot of money with my European driving license. Usually around $700-1,000 for 6mths of basic coverage. With them, I got covered for more than the basics for a little over $500 for 6mths in less than a day! Highly recommend it if you're a foreigner or if you're concerned about savings.Response from the ownerDidaraly, Thank you so much for your review, we are glad we can deliver this kind of service for you! Didaraly J. ★★★★★ Always friendly and always give me the best deal!!!Response from the ownerCallista, thank you for taking the time to give us this very kind review. We appreciate it very much and hope we can continue to offer you the best deals! Callista T. ★★★★★ I sent the link to the company's website to a friend who's insurance had recently lapsed. According to his experience, the website was easy to use, it gathered his information, and an agent called him back with a quote so he was insured that same day.Response from the ownerJoanna'Thank you for your nice compliment.BrianOwner Joanna H. ★★★★★ Always professional and friendly. Quick quotes and have used them for years.Response from the ownerLaceyThank you for your kind words and staying with us for years!BrianOwner Lacey G. ★★★★★ Great customer service. I love how Lourdes, Evelyn and Diana treated me. And they get you good policies.Cristal O. ★★★★★ Alan was very helpful and helped me get what I needed right away.Response from the ownerCharleyThank you for taking the time to post your positive experience.We appreciate it.Brian Charley S. ★★★★★ Called in to make my dads payment and Angie answered the phone kindly. She went out of her way to look up my dad and was helped quick and efficiently despite the fact that they were super busy! She was very patient with me and made it easier. Thank you AngieResponse from the ownerGiselleI will certainly let Angie know and Thank you for letting me know.Brian giselle V. ★★★★★ When you call, ask for don.Response from the ownerDerekDon certainly appreciate your 5 star review and your referrals!Brian Derek K. ★★★★★ I've always use All stop. They get me lowest rate, Same day.:)Angie M. ★★★★★ Wonderful experience made things very easy excellent communication and most helpful and polite staff especially Lisa Jordan she is very understanding and helpful . Would highly recommendResponse from the ownerTheaI always love to see and hear those 5 star reviews!Thank youBrian Thea V. ★★★★★ The staff is always willing to help you get the best dealMarleen B. ★★★★☆ Very helpful, and timely. Did a great job at presenting pleanty of insurance options, and finding what I needed at a fair priceResponse from the ownerThank you Anthony for the 5 star review! It was our pleasure to help you. Anthony W.js_loader

Wednesday, December 20 Notice

Offices will close at 1:00pm Wednesday, December 20th so that our staff can gather together at our annual holiday party.  All offices will re-open on Thursday at 9am.