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Car Insurance Explained, & What to Do After a Car Accident!



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hey let's talk car insurance part 1 what

is car insurance well I'll tell you car

insurance protects you from a huge

financial loss basically you pay a

premium monthly usually to your

insurance company and in exchange if you

get into a wreck the insurance company

will help you cover your losses car

insurance includes three different types

of coverage number one property which

will pay if your car is stolen or

damaged two liability which pays for

legal obligations to others for bodily

injury or property damage and number

three medical which pays for hospital

bills rehabilitation and sometimes lost

wages or funeral expenses part two

money matters so how much coverage

should you get well that depends on

different things such as your car's

value whether you own the car outright

and how much in damages you could afford

to cover out-of-pocket on your own

naturally your monthly premium will vary

depending on your amount of coverage

like for instance it costs more to

insure the ecto mobile than it does to

say cover mr. Bean's little mustard

yellow car that's the way of the world

kid and don't you forget it very

important note just because you pay

premiums that doesn't mean you'll pay

nothing when you get into a wreck most

likely you'll have something called a

deductible the deductible is the amount

of money that you have to pay before

your insurance starts kicking in so

let's say you total your $5,000 car in a

wreck and your deductible is $1,000 that

means that you are going to pay the

first thousand dollars to get your car

replaced and your insurance will pay the

remaining four thousand in the good old

US of A nearly all states require that

you have car insurance if you're going

to own or drive a car so it's super

important to get it also the remaining

states still require that you prove that

you could afford to cover all damages if

you get into a wreck so basically for

the privilege of not paying a monthly

premium on insurance you're gambling

potentially hundreds of thousands of

dollars if not more so we would say

crowd get insured

blah blah blah okay part three how to

get insured this is actually really

simple you can get quotes online or over

the phone very quickly from dozens of

competitors the insurance company will

need a bit of information about you and

your car they also likely run a credit

reports and look up your accident

history once you get a quote you like

you'll start paying premiums and they

will send you your insurance card which

you should keep with your car at all

times

how come Mike I'll tell you how come

because part for that colossal wreck

boundless and bare PS the first person

to tell me what that quote is from in

the comments is officially an awesome

adult step one post accident if you can

get your car and yourself off of the

road and into someplace safe if you

cannot move your car leave it there but

make sure you get out of the dangerous

situation your insurance company will

pay to get a tow truck to take your car

away either way though put on your

hazards if you have any of those

reflectorized triangles be sure to put

those out if you have one of those road

flares careful because they'll burn you

they're not just like fun with they're

not a glow stick for crying out loud who

learned is lesson the hard way

this guy lot of raves in the 90s none of

this was true next angle step 1.5 this

might be slightly uncomfortable but do

not offer any apologies or explanations

for what caused the wreck they could be

used against you in future legal

proceedings step two should you call the

police we recommend that you do

admittedly it is not illegal to not call

the police but to quote US News and

World Report's even if no one is hurt if

there's real damage and insurance

companies will soon do battle it's a

good idea to call 911 ation from the

federal government's website 9-1-1 gov

which recommends calling after a car

crash especially if someone is injured

if you call 9-1-1 11 precincts and bring

in a neutral third party to document the

accident you'll be doing yourself a

favor it's true that it might take a

little while for the police to get there

if you live in a big city or they're

just like super busy that day but still

we recommend erring on the side of

caution and calling them and either way

you're going to have to file an accident

report to the police more info in the

doobly-doo

step 3 gather the other drivers

information and volunteer your own you

should write down these things and if

you've called the police you should get

their phone number their badge number

their name

number of the police report and request

a copy of the police report having all

of this info will save you a lot of

headaches in step four file a claim

after the scene is cleared call your

insurance company immediately to start

the claims process your insurance card

should have a 24 hour phone number on

the back of it and your insurance agent

should call you within one business day

to help you with the claim your

insurance agent should also be able to

help you basically every step of the way

throughout the process after an accident

that you are deemed responsible for it's

possible that your premiums are going to

go up that's because the insurance

company sees you as a riskier investment

however this is not for certain because

a lot of different companies have

different policies on rate increases so

just know that it might vary for a lot

of people driving is a big part of

adulthood and it is a huge

responsibility

basically you're piloting a two-ton

missile so drive sober put down your

phone and maintain legal speed limits

that way you'll be avoiding the three

most common causes of accidents I speak

for everyone here at how to adult when I

say you guys are awesome so please be

safe

please be safe I love you bye