Car Insurance in Edmond
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Defend Yourself With Good Car Insurance in Edmond
Edmond is a city in Oklahoma County. It has a population of just over 96,000 people.
Of these, almost 65,000 of them are employed. According to Data USA. 78.4% of these individuals drive to work alone, 9.91% work from home and 8.28% carpool. That's putting almost 55,000 cars on the road just for people to go to work.
The average commute that people have is 23.3 minutes. That means that people spend around 45 minutes in the car each day they go to work since public transportation is limited.
Oklahoma's Requirements
Oklahoma's laws require drivers to have coverage on their vehicles. Oklahoma is a 25/50/25 state. That means drivers must have:
- $25,000 in bodily injury liability coverage per person
- $50,000 in bodily injury liability coverage per event
- $25,000 in property damage liability coverage
Recommended Coverage
That said, it is ideal for you to have significantly more insurance coverage to protect yourself financially in an accident. You should consider a policy with $100,000 per person $300,000 per event in bodily injury liability coverage and $100,000 in property damage liability coverage.
Bodily Injury Liability Coverage
This type of coverage pays for the medical expenses of others if you hit someone. Then, your insurance company will pay that person's medical expenses up to your policy limits.
Property Damage Liability Coverage
This type of insurance covers damage that you cause to other vehicles and other property types during an accident. However, your insurer will only pay the damages up to your policy limits.
Other Types of Coverage
As you get ready to purchase insurance, you should be aware of the other types of coverage you might want. The most common are collision, comprehensive, roadside assistance, uninsured motorist, gap and rental car coverage.
When It Pays
Oklahoma uses the at-fault system, meaning that the victim of a crash will file claims with the at-fault driver's insurance company. Therefore, your insurance company will pay if you are responsible for an accident, purchased no-fault coverage or have personal injury protection.
Common Insurance Tactics
Insurance companies don't want to pay for claims. Therefore, you must be cautious when you deal with negotiators when you file a claim. Some of the common tactics they use to save money on claims include delaying payments, offering low settlements, misrepresenting policy limits and making fast offers before the extent of the damage can be discovered.
Insufficient Insurance Options
Often, insurance limits are not enough to pay for all the damage of an accident. While you aren't going to get more out of an insurance company once they've hit their maximums, you can file a lawsuit against the liable party to recover sufficient compensation.
State Averages
Oklahoma sports lower-than-average prices for minimum coverage. It also sports lower-than-average prices for full coverage. However, the actual price you pay depends on a lot more than where you live. When you use VIU by HUB to shop for insurance, you can input your factors and see which companies offer you the lowest rates.
Average Car Insurance in Edmond
Full coverage in Edmond averages just under $2,000 per year, putting it under the state average. However, it is still higher than other areas because it is a large city with many cars on the road. It also has a higher cost of living, which raises rates. However, the low accident statistics and crime rates keep most insurance premiums fairly reasonable.
Getting good car insurance in Edmond can seem difficult. However, using VIU by HUB can help you easily find the best price for the policy you want.
This information is intended for general informational purposes only and is not intended to constitute legal advice.