It is a legal requirement to have car insurance if you own a vehicle. But how do you go about finding the right insurance policy for you? Here are some answers to commonly-asked questions about the financing process.

What is a Deductible?

Your deductible is the amount of money you will have to pay on your own before your insurance starts. Typically, the lower your deductible, the higher your monthly premium will be. If your deductible is higher, your monthly payment will be lower.

What Types of Insurance Are There?

Typically, a car insurance policy has different categories of coverage. The common types of coverage include:
  • Collision insurance, which covers damage to your car up to its current estimated value.
  • Liability insurance that pays for damages you've caused to others.
  • Uninsured or under-insured insurance, which will cover you if you're hit by someone without insurance - or without enough insurance to cover the cost of damages.
  • Comprehensive insurance that covers car damage that isn't collision-related, such as theft or natural disasters.
  • Personal Injury Protection, which will cover your medical expenses if you're injured.
How Much Insurance Do I Need?

The cost of insurance coverage can depend on the vehicle you drive. You should find a balance between good coverage and affordable coverage. You want to make sure you have enough insurance to cover your losses if you're in an accident, but you might want to consider the extent of your insurance if you happen to have an older vehicle.

How Do I Choose an Insurance Provider?

One of the key things to do when buying car insurance is to shop around. Compare and contrast the insurance coverage from different companies, including the deductibles, monthly premiums, and policies. Doing so will ensure that you find the right coverage for your needs.

If you have any more questions about funding your next ride, contact us at Union Park Honda. We'll be happy to help make the financing process a bit simpler.

Make an Inquiry


Union Park Honda

1704 Pennsylvania Ave
Directions Wilmington, DE 19806

  • Sales: 302-985-6361
  • Service: 302-985-6360
  • Parts: 302-778-9912


  • Monday 9:00AM-9:00PM
  • Tuesday 9:00AM-9:00PM
  • Wednesday 9:00AM-9:00PM
  • Thursday 9:00AM-9:00PM
  • Friday 9:00AM-9:00PM
  • Saturday 9:00AM-5:00PM
  • Sunday Closed
  1. Union Park Honda

    1704 Pennsylvania Ave
    Wilmington, DE 19806

    • Sales: 302-985-6361
Loading Map...