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    • Home
    • Industry
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      • About Us
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      • Make claim / make payment
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      • Contact Us
    • 한국어

  • Home
  • Industry
  • Business
  • Personal
  • Employee Benefits
  • About
    • About Us
    • Our CEO
    • Resources
    • Featured Insights
    • Career
    • Make claim / make payment
    • Privacy Policy
    • Contact Us
  • 한국어

Auto Insurance

Grey sports car on a highway.
White commercial van driving on a highway

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Black motorcycle with rider dressed in black stopped on a highway.

Auto insurance rates are constantly on the rise. With the steady rise in costs related to vehicle repairs and medical expenses, alongside a concerning uptick in accident claims, insurance companies face heightened risks. Consequently, many insurers are adopting stricter criteria, leading to a significant number of rejections for new policies. Nonetheless, we are dedicated to assessing your specific circumstances and identifying the optimal coverage to safeguard you on the road.

auto insurance is mAndatory

 Automobile insurance assumes paramount importance owing to its role in furnishing financial security, meeting legal mandates, indemnifying third-party damages, instilling tranquility of mind, meeting stipulations of loans or leases, and fortifying against uninsured motorists. 

Auto insurance is a type of insurance coverage that provides financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could arise from incidents involving vehicles. It is a contract between the vehicle owner and the insurance company, wherein the owner pays a premium in exchange for the insurer's promise to pay for covered losses as specified in the policy.


Key components of auto insurance typically include:


  • Liability Coverage: This coverage pays for damages or injuries you cause to others in a covered accident. It includes bodily injury liability, which covers medical expenses, lost wages, and other damages due to injury or death of another person, and property damage liability, which covers damages to someone else's property, such as their vehicle or other structures.


  • Collision Coverage: Collision coverage pays for damages to your own vehicle resulting from a collision with another vehicle or object, regardless of fault. It typically covers repairs or replacement of your vehicle up to its actual cash value, minus the deductible.


  • Comprehensive Coverage: Comprehensive coverage provides protection against non-collision events, such as theft, vandalism, natural disasters, falling objects, and animal collisions. It covers repairs or replacement of your vehicle up to its actual cash value, minus the deductible.


  • Personal Injury Protection (PIP) or Medical Payments Coverage: PIP or medical payments coverage pays for medical expenses for you and your passengers in the event of injuries sustained in a covered accident, regardless of fault. It may also cover lost wages and other expenses related to the accident.


  • Uninsured/Underinsured Motorist Coverage: This coverage protects you if you are involved in an accident with a driver who doesn't have insurance (uninsured) or doesn't have enough insurance to cover your damages (underinsured). It typically covers bodily injury and, in some cases, property damage.


Auto insurance is mandatory in most jurisdictions, with minimum coverage requirements varying by state or country. Additional coverage options may be available, allowing policyholders to customize their insurance to suit their needs and budget. Premiums are determined based on factors such as the driver's age, driving record, location, type of vehicle, coverage options selected, and deductible chosen.

Industry

- Auto

- Motorcycle

- Travel Trailer

AUto services

Competitive Quoting

Competitive Quoting

Competitive Quoting

Easily compare quotes from top carriers and secure the best possible rates. Our team at Econo Agency can provide the best coverage at unbeatable rates, hassle free.

Claims Assistance

Competitive Quoting

Competitive Quoting

  Get expert claims assistance. Our team is here to guide you through the process, ensuring quick and fair resolutions for your peace of mind..

Remarketing Review

Unparalleled Service

Unparalleled Service

 We provide a complimentary remarket review of your policy before renewal, leveraging advanced analysis to secure the best rates from our network of carriers. Our team meticulously reviews all possible discounts and is ready to discuss these options with you. 

Unparalleled Service

Unparalleled Service

Unparalleled Service

 Whether you need to adjust your policy – from cancellations to adding or removing cars or drivers – we're here to help every step of the way. Our commitment to top-notch service ensures customers return to us with confidence. 

Contact Us

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Adviser: Jin Park 201-212-5060

Econoworld Agency, Inc.

222 Bruce Reynolds Boulevard, Suite 440 Fort Lee, NJ 07024, United States

1560 Broadway Suite 800, New York, NY 10036 United States

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08:30 am – 05:30 pm

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Econoworld Agency, Inc.

222 Bruce Reynolds Blvd. Suite 440, Fort Lee NJ 07640

800-977-8909

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