A deductible is the amount you are responsible for paying before your insurance coverage kicks in. For example, suppose you have a $750 deductible for car insurance, and you get into an accident that causes $3,000 in damages. In that case, you must pay the first $750, and your insurance company will cover the remaining $2,250.

Insurance companies use credit scores to determine risk and set rates. A higher credit score often means lower insurance rates.

Bundling refers to purchasing multiple types of insurance from the same company. This is a common practice and can often lead to discounts on your premiums.

Paying your insurance premiums on time is important, as missed or late payments can result in policy cancellation or even higher rates.

You must file a claim with your insurance carrier if you have an accident or loss. This typically involves providing details of the incident and any relevant documentation, such as police reports or medical bills.

Comprehensive coverage typically covers damages to your vehicle that are not caused by a collision, such as theft, vandalism, or natural disasters. Collision coverage, on the other hand, covers damages from collisions with other vehicles or objects.

There are a few ways to potentially lower your insurance rates, such as maintaining a good credit score, taking advantage of discounts, and choosing higher deductibles.

If you need to make changes to your policy, contact us at Select Insurance Group, and we'll process the changes for you.

You should sit down and review your coverage with your insurance agent annually.