If you’re insuring your first car and aren’t sure what it can do for your Wayzata, MN vehicle, it is vital to learn more. At Pizano Insurance, we can teach you about the power of car insurance and how it protects you financially from various types of financial concerns.

Damage Caused by An Accident

If you’ve gotten into an accident and your vehicle is seriously damaged, you can get protected by your insurance. Your policy will not only pay to fix or replace your car but will pay for repairs to any other vehicle damaged in an accident that you caused. This policy is called liability protection.

However, it can also cover things like injuries caused to other people in the accident. Liability protection helps to minimize your struggles and provides financial support. Specialized medical payment policies will cover you or anyone else injured in your car.

Pay for Replacement If a Car Is Totaled

If you get into an accident that causes excessive damage to your car, you may need to replace your vehicle. This step is available if the repairs to your vehicle will cost more than its value. In other words, it would be pointless to repair it because you’d never get the money back that you spent.

Understand that your insurance will pay to buy you a new car worth the current value of your vehicle, not what you spent. So, if you spent $20,000 on a new car, and it is worth $8,500 at the time of your crash, you’ll get a vehicle at that price.

You Can Keep Your Vehicle Safe

Are you concerned about your car insurance and want to find the best options for your Wayzata, MN vehicle? Then, you should contact us at Pizano Insurance to learn more. Our team will do what they can to help you find a policy that meets your financial needs and your vehicle’s safety protection.

Auto insurance is a formidable financial tool that cushions car owners from looming disasters like accidents, fire, vandalism, among others. Driving in Wayzata, MN, devoid of the advocated legal requirements, may attract dire consequences like hefty fines and sometimes suspension of your license. It’s primarily designed for trucks, cars, motorcycles, and other kinds of vehicles. It accords financial cushion against physical damage or bodily injury culminating from traffic collisions against liability that may crop up from impending perils.

Are you a car owner searching for outstanding auto insurance in Wayzata, MN? A solution is here for us! Please get in touch with our agents at Pizano Insurance today. Our agents will help you forge robust auto insurance that will meet your desires and requirements. Keep reading to understand auto insurance in Minnesota.

Is auto insurance mandatory in Minnesota?

The state law of Minnesota advocates for all drivers to maintain the liability requirements before driving. These minimum requirements include:

• Property damage liability
• Bodily injury liability
• Personal injury protection
• Uninsured or underinsured bodily injury

Optional Minnesota Insurance Coverages

Apart from government-mandated coverage in Minnesota, there are also optional auto coverages. They include:

Comprehensive coverage: This type of coverage offered in Minnesota is designed to replace or repair your car after getting physically damaged by non-collision events like glass breakage, theft, fire, and vandalism.

Collision coverage: It’s tailored to either repair or replaces your car after getting damaged after a collision with other vehicles or stationary objects like guard rails, trees, posts, and fences.

Consequences of driving without the advocated requirements in Minnesota

Driving while uninsured in Minnesota can attract various penalties. These include:

• Fines add up to thousands of dollars if you are engaged in an accident.
• License suspension may be undertaken in some instances if you are found driving devoid of insurance
• A vehicle may be impounded if you don’t show proof of insurance, attracting additional impound and reinstatement fees when you are getting it back.

Factors that affect your auto insurance premiums in Minnesota

Some common rating factors that can have an impact on the amount of premium that you will pay for your auto insurance include:

• The type of vehicle you own
• Where you reside
• Your characteristics entail age, gender, marital status, credit score, and profession
• Your driving history in terms of your driving experience and how often you drive

Are you a car owner in Wayzata, MN yearning for solidified auto insurance? Please get in touch with our agents at Pizano Insurance and get a formidable customized auto insurance quote.