The declarations page
- Personal information such as name of the insured, including the policyholder and family members included in the policy
- Policy number: Your unique account number you will use whenever you communicate with your insurance carrier.
- Policy period: This is the effective date of your policy, assuming you maintain your premiums.
- The NAIC Code: This is a code assigned to each insurance carrier from the National Association of Insurance Commissioners (NAIC). It is a regulatory oversight group that establishes best practices for insurance carriers and you can refer to this number if you ever need to file a formal complaint against your insurer.
- The insurance agent and license number, address, and telephone number
- The vehicles covered, along with the VIN and state your vehicles are registered in.
Information about your rate and discounts
- Your premium rate: How much you are charged annually. You should note, your dec page is not a bill or statement. It is simply declaring how your coverage is determined.
- Discounts applied: Any discounts you were offered, such as bundling, good grades, multi-car, or new care are listed.
- Driver rating information: This is typically information related to your years of driving experience, age, gender, and marital status. These are all factors used to determine your premium, so double-check the information is accurate. Surcharges, such as a speeding ticket or at-fault accidents are also listed.
Understanding coverages, limits, and premiums on the declarations page
- Liability protection: This is the amount paid out to cover the other party if you are in an at-fault accident. This includes:
- Bodily injury: This pays the medical expenses of those injured from your at-fault accident
- Property damage: This pays the expenses from damage to the other party if you are in an accident ruled your fault.
- Liability limits: The amount your policy pays out per person and per accident paid out is listed next to the liability coverages on your policy.
- Medical payments: This is the amount paid towards medical expenses and funeral costs related to an accident. This coverage is for anyone who is in the vehicle at the time and is not based on which driver is determined to be at-fault.
- Personal injury protection (PIP): This coverage is not available in all states but some states do require it. It is protection that covers you and your passenger’s medical expenses if involved in an accident.
- Uninsured/Underinsured motorist coverage: This pays for damages or medical expenses if you are involved in an accident that is not ruled your fault and if the driver does not have adequate or any insurance coverage.
- Comprehensive: This covers expenses if your car is damaged from perils, other than another vehicle. Common perils include hail and storm damage, falling objects, civil unrest, vandalism, or hitting an animal with your vehicle.
- Collision: This covers your expenses for your car when you incur damage from an accident.
Endorsements and riders
Loss Payee information
When to review your auto insurance policy
- Get married (you should review/update your life insurance policy as well)
- Move or change addresses
- Change your vehicle or make modifications to it with special equipment
- Change your commute or miles driven
- If you have a change to where your vehicle is garaged
- Add a licensed driver from a member of your household
- If you need to remove a licensed driver from your policy
- You buy or sell a vehicle
The bottom line
Reclaim Up to $610/Year in Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But, who has the time to look around for around a new company?
A website called CarInsurance.net makes it super easy to see if you’re getting the lowest price. All you have to do is enter your ZIP code and your age, and it’ll show you your options.
Using CarInsurance.net, people have saved up to $610 a year.
It takes just a few minutes to see how much CarInsurance.net could put back in your pocket. And the best part? Because we’re driving less, some insurers are slashing prices this month.