There are many admirable qualities of military families with their sacrifices and dedication to the country, and various companies recognize the service they provide to the country, and military auto insurance is one of those benefits that military families are eligible to receive at a discount. This generally applies to those who are on active duty, in the reserves, or retired, and up to 15 percent can be discounted from the total premium. There are even some insurance discounts that apply to the members of various military organizations as well as employees of the Navy Federal Credit Union, Air Force Sergeants Association, Pentagon Federal Credit Union, Fleet Reserve Association, and several more. Providing extra benefits to members of the military and their families is a great way to show the company appreciates their dedication and service.
Types of Insurance
Most states require a minimum of liability insurance for all drivers, and depending on the insurance company, the policy, and the state, even with military discounts the premiums can vary up to 300%. There are numerous types of insurance that make up the military auto insurance, and some include:
- Bodily Injury Liability is the most important coverage because it covers medical bills, lost wages, treatment, rehabilitation (and even funerals) of anyone that is injured or killed by the insurer's vehicle. It can also cover damages for pain and suffering lawsuits.
- Property Damage Liability covers the repair and replacement of property and vehicles that are damaged in the accident caused by the vehicle.
- Protection from Uninsured Motorist covers the driver, passengers, and anyone injured in an accident caused by an uninsured driver.
- Towing and Labor Insurance covers charges incurred for towing and labor when the car breaks down whether it was in an accident or not.
- Umbrella Policy pays for all losses above and beyond what is covered by the auto insurance.
- Comprehensive only pays for damage to the vehicle if it is vandalized, or from theft or a fire.
Military Insurance Coverage
Just like every other insurance that varies from one state to another, military insurance varies as well, but there are two basic types of liability insurance:
- Personal Injury Protection is also very important because it covers medical expenses and lost wages to all people in the vehicle who were injured in the accident, regardless of who is at fault.
- Property Damage Liability covers damages to all property sustained in the accident.
Factors that Affect Discounts
There are a variety of factors that provide additional discounts of military auto insurance that the armed services families need to make sure the insurer considers when calculating the premium. These factors include:
- Discounts for drivers under 21 who have successfully completed driver education classes and defensive driving courses.
- Discounts for vehicles that have antitheft protection devices installed in the car.
- Military Installation Garage that is for active duty personnel whose vehicle is parked at the military base every day is eligible for a 15 percent discounted rate.
- Discounts for good driving records, credit history, and the member's military designation are also applicable.
- Active duty and hazardous duty discounts are applicable for armed forces members and provide even greater discounts.
The best way to find cheap military auto insurance is by comparing policies. Start finding the rates with us today!
Article Source: http://EzineArticles.com/?expert=Ferdinand_Umolt
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