you got the keys you ready to go let’s drive oh wait do we have insurance do we to how do i buy insurance if you’re new to driving or if you just don’t understand insurance this video is going to help you I’m an insurance agent license in 38 plus States I think it’s like flood 4045 so I don’t know if you’re new to insurance or if you’re curious on the way that the coverages work you see I sell quite a bit you can see my my headset light in my hair there I had to show you guys so I just want to go over like the different types of coverages if you’ve got somebody new to insurance they should definitely look at this now keep in mind this is generalization I can’t give you exact numbers because I don’t know what state you’re in so if you’re in Michigan there’s a lot more stuff versus the person that’s in New York versus the person that’s in Florida but I’ll give you some of the bases and I’ll go over some of the states that are very popular so I’ll probably go through Florida because they’re they’re a huge state for an insurance maybe California.
some things like that and you’re looking at insurance I’ll start off with auto insurance the first thing that you want to do is they’re going to ask you what’s your bodily injury like what kind of coverages are you looking for here’s how you determine what coverages you need you want to look at your income the money coming in and you want to look at your assets your vehicle.
do you own a house the way you want insurance to look is you want insurance to look better than you if your income levels here you want your coverages to be just here that way if something happens because you can’t control it you get an accident it might be your fault you know you dropped a pen you want to go grab it or you looked away and you hit somebody they’re gonna sue you if you don’t have enough coverages.
and if they take a look at you when they go to court they say okay well this guy’s making this much but as insurance has this much so forget this guy we’re just going to go after the insurance company and that’s really the main design of insurance that’s basically the way you want to have it set up so your first set of coverage is called bodily injury RBI limits they call them so what type of BI limits if you’re brand new young driver a lot of people here they’ll say I want the state minimums so typically the lowest one that I know of is Florida where they offer it’s called 1020 that means.
if you injure somebody in a car accident it will pay $10,000 per person in that car up to a total of $20,000 so if you hit a car there’s three people in it and let’s just say each of them have $5,000 worth of medical claims you’re covered.
because you have 5 10 15 so you you haven’t maxed it out and you haven’t gone above 10 per person so let’s just say you have you do the same scenario and one guy gets hurt and it cost $15,000 medical and the other two are only five thousand medical okay so you only there it’s only going to pay ten thousand for the first person so they might take you to court for the other five thousand of the medical or they might go after your insurance depending.