7 Words and Phrases to Know Before You Get Auto Insurance

There are many terms that are used in the documents you get for your auto insurance policy. Wouldn’t it be great to know what some of the more common ones mean before you have to read over this paperwork and agree to it? Professionals at the Hanneken Insurance Agency Inc. of Little Falls, MN and beyond will discuss anything you want about your auto insurance policy and your questions about this area of insurance in general. 

Agreed Value Policy 

This is defined as coverage that pays the full insured amount of a vehicle (as well as other types of property) if it’s considered to be a covered total loss. 

Antique Automobile

When a private passenger automobile is at least 25 years old, and it’s been maintained, restored, or preserved by hobbyists, it’s an antique automobile. They may be covered under classic car insurance.

Comprehensive Coverage 

This is coverage for vehicle damage that was not caused by an upset or collision. Some of the instances that can lead to this include vandalism, contact with animals, theft, and weather events.

Gap Coverage 

Gap coverage usually is required if you have a new or financed vehicle. This covers the cost difference between the car’s value and what you’d owe if the car it totaled (determined to be a total loss situation). 

Limit 

The limit is the maximum amount that your policy will pay for events such as medical or liability. 

Medical Payments Coverage 

This is an element of the standard policy. It covers the medical expenses of those parties who are injured during an accident.

SR-22 Insurance Form 

This is the form that your insurance company files on your behalf with the state in which you reside. You’ll typically need it if you commit a serious traffic offense that includes a DUI conviction or driving with a suspended license. 

There are many other things you might not recognize in your insurance policy document. Be sure to speak up and ask someone at Hanneken Insurance Agency Inc. of the Little Falls, MN area if you’d like to know more. 

3 Risks of Driving Without Minnesota Auto Insurance

Considering how vital auto insurance is, it’s difficult to imagine that some motorists in Little Falls, MN, drive without auto insurance. But because humans will always be humans, it’s not uncommon to find uninsured motorists in Minnesota. In fact, recent statistics show that 9.9 percent of Minnesota drivers aren’t insured. 

Until you are involved in an accident, you might think failing to buy auto insurance is a wise saving. However, you are in for a rude shock when an accident or any other disaster occurs on your vehicle. Whether it’s intentional or not, failure to buy auto insurance from Hanneken Insurance Agency Inc. exposes you to the below risks. 

Breaking the law

It’s an offense to drive without auto insurance in Minnesota. Penalties for first offenders include a fine of up to $1,000, community service, and suspension of driver’s license and car plates up to 30 days. Of course, the penalties can increase dramatically for repeat offenses. 

Uncovered losses

It’s usually a huge risk driving without auto insurance. Given the inherent risks like distracted, speeding, teenagers, and drunk drivers, the risk of an accident is extremely high on American roads. National Safety Council states that at least 1 in every 11 drivers is likely to be involved in an accident at some point. The result? The aftermath of accidents is injuries and property damage, at the very least.

Without insurance, you need to pay for your medical expenses from your pocket. Similarly, you have to fix your car and that of the other motorist out-of-pocket. 

Legal suits

While a court case can still follow even when you have car insurance, you are likely to incur out-of-pocket legal expenses when you don’t have auto insurance. Worse yet, your assets will be at stake if the case is ruled against you and the settlement claims are enormous. 

Are you feeling like driving without auto insurance in Little Falls, MN? The risk is not worth it. Instead, be a wise driver and purchase auto insurance from Hanneken Insurance Agency Inc. Contact us today for an affordable quote.

Is It Time to Update Your Auto Insurance?

Auto insurance is arguably some of the most important coverage you can have. It’s also mandatory, so you don’t want to risk driving without it. If you’re located in the Little Falls, MN area, Hanneken Insurance Agency Inc. can help you get the type and level of coverage that’s right for your needs. Depending on how you use your vehicle, who else drives it, and other factors, it might be time to make some updates to your policy. It’s also a good idea to look over your policy with your agent at least once a year, for needed changes.

If there’s been a change in your household, such as a child who turned 16 and got a driver’s license, updating your policy to reflect that change is important. Fortunately, when you work with trusted agents it’s not difficult to make the updates that are important to you. Our trained professionals are here to help, in order to get your policy updated so you have the right kind of coverage for your travels and adventures. That can help with protection, but also with the peace of mind, you need to enjoy your vehicle wherever it takes you.

Come see us today at Hanneken Insurance Agency Inc. If you’re in the Little Falls, MN area we can help you get your auto policy updated. Our agents will be happy to answer your questions and go over any concerns you have so you can be ready for the road ahead. Then you can make the right choices for coverage levels, add or remove coverage that might need adjustments, and make sure you have the level of protection you’re really looking for. There are plenty of options for auto insurance beyond the minimum limits, so it’s important to know what’s actually right for you.

Should I get auto insurance in Little Falls?

The Little Falls, MN area is a great place for someone to work and live. While there are a lot of advantages that come with living in this area, the location and layout of the city make it a place where owning a car is a practical necessity. If you are going to purchase your next vehicle here, you also need to get proper insurance for it. You should get this coverage and keep it in place when you have a car. 

Insurance Will be Required

An important reason to get auto insurance when you are in this area of Minnesota is that it will be a requirement for you. Any driver in the state needs to carry auto liability insurance at all times. People that do drive a car without this insurance are often caught and penalized, which could include losing a license or other privilege. Additionally, anyone that has an auto loan will have to maintain a full policy until the loan is repaid.

Insurance Protects Car Owner

Even if you did not have requirements for insurance, you should still get it. With an appropriate insurance policy, you are going to receive coverage for liability and your asset. This can help to ensure you are covered and protected in several different challenging situations. 

Those that are going to move to the Little Falls, MN area and are in need of auto insurance should call the team at Hanneken Insurance Agency Inc. When you do call Hanneken Insurance Agency Inc. you can get a lot of guidance and support that will be necessary to ensure you pick the right insurance policy. There are many options available to you and the team here will help you build a policy that properly addresses your needs. 

Four auto insurance requirements to meet as a Minnesota motorist

As a driver in Minnesota, you need to meet insurance requirements to drive legally. At Hanneken Insurance Agency Inc. we offer auto insurance policies that will allow you to meet state-mandated minimum coverage requirements.

The following are four auto insurance requirements you’ll need to meet as a Minnesota motorist.

You need to have $60,000 in bodily injury coverage.

It is required that Minnesota drivers carry at least $60,000 in total bodily injury coverage per accident. In addition, you need to carry $30,000 in bodily injury coverage per person per accident.

You need to have $10,000 in property damage liability coverage.

Minnesota auto insurance policies are required to meet property damage liability requirements. You need to have a policy that offers at least $10,000 in property damage liability coverage. 

You need to have $40,000 in personal injury protection. 

Another requirement in Minnesota is that motorists carry personal injury protection coverage. You need to have auto insurance policies that include at least $40,000 in personal injury protection.

Personal injury protection will pay for medical expenses for both you and your passengers in the event of an accident. This will cover medical expenses before your own health insurance coverage comes into play. 

You need to carry uninsured motorist coverage.

Minnesota is a state that requires uninsured motorist coverage. You are required to carry at least $25,000 in uninsured motorist coverage as a Minnesota driver. This will cover you if you are involved in an accident with a motorist who does not carry adequate insurance and is at fault in an accident in which you are involved.

Are you looking for auto insurance coverage in Little Falls, MN? Let us help you find coverage at Hanneken Insurance Agency Inc. Get in touch with us with your questions and inquiries regarding auto insurance options in Minnesota. 

Can You Buy Auto Insurance While Your License Is Suspended?

You can, legally speaking, buy auto insurance while your license is suspended in Little Falls, MN.

But there are a whole lot of reasons why you shouldn’t bother.

  • While your license is suspended, you’re not allowed to drive in the first place. If you plan on driving without a suspended license and you wind up in an accident, your insurance may help you to cover the damages, but it might not keep you out of jail. If your license is suspended, don’t drive, and don’t plan on driving, until you’re legally allowed to again.
  • Your insurance company may be willing to sell you insurance while your license is suspended, but if they know that your license is suspended, there’s a good chance they’ll deny you. They may choose to cancel your policy or not to renew it if you are already insured.
  • If you managed to get insured by lying to your insurance company, don’t expect them to honor any insurance claims you make afterward.

Having a suspended license doesn’t mean you can’t still shop around for auto insurance, but there’s simply not much good that can come of actually buying a policy while you’re not allowed to drive.

Suppose that a car belongs to you, but a family member with a valid license will be driving it. Well, the car-owner and primary driver listed on an insurance policy do not have to be the same person, and your insurer may be willing to work with you here. But you have to be upfront with them about the precise nature of the arrangement, or risk having your claims denied.

If you’re shopping around for insurance in Little Falls, MN, get in touch with Hanneken Insurance Agency Inc., and let’s see what we can do for you. You can call us or you can visit the Hanneken Insurance Agency Inc. and we’ll compare quotes to get you the coverage you need.

Do I need comprehensive and collision insurance on my car

Drivers in Little Falls, MN must abide by the mandated rules for auto insurance in the state of Minnesota. They require that you carry liability insurance, personal injury coverage, and uninsured /underinsured driver insurance. The liability requirements are bodily injury of $30,000 per person and a total of $60,000 per accident with an additional $10,000 in property damage. Personal injury of $40,000 and $25,000 per person and $50,000 per accident for uninsured/underinsured coverage. Comprehensive and collision coverage is not mandated by law. At Hanneken Insurance Agency Inc. we know the auto insurance requirements but we also know about what you may actually need to have. 

If you have an auto loan, you will need to carry comprehensive and collision insurance, it is required by lenders. If you don’t have a car loan than you don’t have to carry comprehensive and collision insurance but just because it is not required it doesn’t mean that it isn’t a good idea to opt to carry it anyway. 

Collision insurance protects your car in the event that you are the party at fault in an auto accident. Auto repairs are expensive and most people count on their vehicle for transportation to get to work, to get to the grocery store, and for everyday running around. If you can afford to repair your vehicle or if you have an older vehicle with very little cash value then you may not need to carry collision coverage but for most people, it is a good idea. 

Comprehensive insurance covers not collision damage to your vehicle and also theft. The same criteria hold true, if you could pay to repair or replace your vehicle or if it isn’t worth replacing then you don’t need this coverage. 

The experienced team at At Hanneken Insurance Agency Inc. in Little Falls, MN understands auto insurance and is here to help guide you in choosing the correct coverage for your particle situation. Give our office a call for a no-obligation quote. 

Why you need auto insurance in Minnesota

Those that live and work in the Little Falls, MN area likely will need to have a car to get around town. Since having a car is a necessity and a big responsibility, you need to make sure that you have proper insurance in place. There are several reasons why you need to have auto insurance when you are in the state of Minnesota.

Provides Liability Protection

One reason why you need to have auto insurance when you are driving in this area is that it will provide you with liability protection. Drivers that are behind the wheel are constantly taking on the risk that they could cause an accident when driving. If you do cause an accident, it will be up to you to pay restitution for damages that are caused. Liability insurance will give you this protection to ensure you can pay for damages. It is so important that the state also requires that all drivers carry it. 

Protects Your Car

An auto insurance policy will also help by protecting your vehicle. When you are driving your car regularly, the last thing that you will want is to experience a loss due to vehicle damage or theft that you cannot pay for. Fortunately, a full collision and comprehensive policy will ensure you are covered for any situation that causes a loss. 

Owning a car in the Little Falls, MN area is almost always a necessity. Due to this, having auto insurance is a necessity as well. Anyone that is searching for auto insurance in this area should call Hanneken Insurance Agency Inc. when they are looking for a new policy. Hanneken Insurance Agency Inc. will work hard to understand your situation to make sure you get into a great policy based on your situation and needs. 

Benefits of Getting Auto Insurance in Little Falls

Owning and driving a car on a daily basis is a necessity for a lot of people in the Little Falls, MN area. Since your car is such an important asset, you should also make sure that you have it properly covered by insurance. Overall, there are a variety of benefits that will come when you have an auto insurance policy on your car. 

Ensure Your Car is Protected

One reason why you will need to have auto insurance in Minnesota is that it will make sure that your car is protected. While you can be a safe and diligent driver, situations that could cause a loss do occur from time to time. If you have a full auto insurance policy, you will receive coverage for situations including theft, vandalism, and auto accident damage. 

Legal Compliance

Additionally, people in Minnesota will need to have auto insurance to make sure that they are in legal compliance. When you drive in this state, you are going to need to have liability insurance to drive legally. When you have a full auto insurance policy, you will be in compliance with the law and will have the protection that you need in the event you get into an accident. 

There are clearly many reasons why you should make sure that you have good auto insurance in place when you live in the Little Falls, MN area. Since having auto insurance is so important, you should speak with the team at Hanneken Insurance Agency Inc. to discuss your auto insurance needs. When you speak with the professionals at Hanneken Insurance Agency Inc. you will learn a lot more about the auto insurance options that you have available. This will ensure that you get into the right policy that gives you the best coverage possible.

What Does Someone in Little Falls Need to Know About Auto Insurance

Most people in the Little Falls, MN area are very aware that they need to have auto insurance in place at all times. However, the process of researching and picking a policy can be a complicated process. There are several things that you need to know about auto insurance to ensure you get into a great policy. 

Coverage that is Required 

When you are shopping for auto insurance, the first thing that you need to understand is what type of coverage is required for your situation. All drivers in Minnesota will need to have liability insurance at all times. While it may not be required by law, many drivers will also need to have collision and comprehensive insurance if they have a loan out against their car. It is important that you know what your personal requirements are. 

Responsibilities

You should also fully understand your policy and responsibilities when you are shopping for insurance. This can include understanding how your deductible will work. The deductible is the amount of money that you will have to pay out of pocket before you can file a claim. Knowing this information will come in handy if you are ever in an accident. 

It is very important that you choose the right auto insurance policy for your Little Falls, MN car. When you are trying to find the right policy for your current or next car, the best place to turn to is the Hanneken Insurance Agency Inc. When you contact the team at Hanneken Insurance Agency Inc. you will receive the expert advice that you need to get into the best auto insurance policy possible for your situation. This will ensure that you are covered with the right amount and from a good provider.