What does OT mean in auto insurance?

Asked by: Gregg Gibson  |  Last update: September 19, 2025
Score: 4.9/5 (51 votes)

OT – Other Party or Other Person. OTC – Other Than Collision. OV – Other Vehicle.

What does OT stand for in insurance?

Professional liability insurance for occupational therapists helps protect businesses from lawsuits related to the professional services given. This type of occupational therapy liability insurance can help cover liability issues in occupational therapy (OT) from claims like: Negligence. Inaccurate advice.

What does $100 k /$ 300k /$ 100k mean?

The numbers in the coverage refer to the maximum amount your insurer will pay out for each type of claim. So, in a 100/300/100 policy, you would have $100,000 coverage per person, $300,000 in bodily injury coverage per accident, and $100,000 in property damage coverage per accident.

What do the letters mean on car insurance?

The insurance group of a car will be listed as a number and a letter (for example 8E). The letter refers to the level of security features fitted as standard on the vehicle.

Is it better to have collision or comprehensive?

If you live in an area prone to such risks or have an expensive car, comprehensive coverage is a safer bet. If your car is older and its market value is low, skipping comprehensive or collision might save you money. On the other hand, for new or valuable cars, a mix of both could offer peace of mind.

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Is it better to have a $500 deductible or $1000?

Remember that filing small claims may affect how much you have to pay for insurance later. Switching from a $500 deductible to a $1,000 deductible can save as much as 20 percent on the cost of your insurance premium payments.

When should I drop collision coverage on my car?

If your vehicle is paid off, there are only a few instances that justify dropping collision coverage: Your vehicle's value is less than a few thousand dollars: If your car holds minimal value, collision coverage may not be worth carrying. This is especially true when a large car insurance deductible is involved.

What is the cheapest car insurance group?

Group 1 is the lowest insurance group, which also means it's the cheapest insurance group. Group 50 is the most expensive. However, premiums aren't just based on insurance group. Other factors are taken into consideration, too.

What are good numbers for car insurance?

How much car insurance is enough?
  • $25,000 in bodily injury per person.
  • $50,000 in total bodily injury per accident.
  • $25,000 for property damage per accident.

What does R mean in insurance?

Clinical categories can be either 'restricted (R)' or 'unrestricted'. This refers to the level of benefits paid for hospital costs (e.g. hospital accommodation, operating theatre fees, prosthesis costs), which are separate to doctors' fees.

What is PIP on car insurance?

Personal injury protection (PIP), also known as no-fault insurance, is a type of car insurance coverage that helps cover expenses like medical bills, lost wages or funeral costs after a car accident, no matter who is at fault.

What is good car insurance coverage?

Typical coverage amounts: Insurance experts recommend at least $100,000 per person and $300,000 per accident for bodily injuries, and $100,000 for property damage.

What does CSL mean in insurance?

The combined single limit refers to a maximum amount of money that's paid out for claims that involve all aspects of bodily injury and property damage. The limit would cover all people involved in the accident or the claim (other than the insured). The maximum amount of coverage would be split between those injured.

What is OT in auto insurance?

OT – Other Party or Other Person. OTC – Other Than Collision. OV – Other Vehicle.

What is an OT?

What is an Occupational Therapist? Occupational therapy (OT) is an allied health profession that involves the therapeutic use of everyday activities, or occupations, to treat the physical, mental, developmental, and emotional ailments that impact a patient's ability to perform daily tasks.

What is OT the abbreviation for?

1. occupational therapist; occupational therapy. 2. old tuberculin.

Who is #1 in auto insurance?

State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.

What is considered a good price for car insurance?

Car insurance on average is $79.83 per month in low-cost states, $105.36 per month in medium-cost states, and $157.27 per month in high-cost states. Note that it's often cheaper to pay for your policy in full rather than monthly.

What is a bad insurance score?

Insurance scores using the LexisNexis Risk Classifier range from 200 to 997. According to the company, a score of 770 or better is considered good and will get you favorable rates. A score of 500 or below is considered poor and could result in higher premiums or being turned down for coverage.

Who generally has the cheapest car insurance?

Geico, Nationwide and Travelers are among the least expensive for car insurance.

How do I get lower car insurance?

Nine ways to lower your auto insurance costs
  1. Shop around. ...
  2. Before you buy a car, compare insurance costs. ...
  3. Ask for higher deductibles. ...
  4. Reduce coverage on older cars. ...
  5. Buy your homeowners and auto coverage from the same insurer. ...
  6. Maintain a good credit record. ...
  7. Take advantage of low mileage discounts. ...
  8. Ask about group insurance.

When should you not go through car insurance?

You accidentally cause minimal damage to your own car, like backing into a pole or mailbox. No, don't bother contacting your insurer if you don't have collision coverage or if the damage is less than your collision deductible.

At what point is full coverage not worth it?

If Your Car Has Retained Much of Its Value

If the cost of car repairs exceeds the value of your car, insurance companies will consider it totaled. Instead of paying for repairs, you'll just receive a check. If your car is only worth a few thousand dollars, a full coverage premium might not be worth it.

How often should you shop for car insurance?

It's recommended that you shop around for car insurance quotes at least once a year. However, to make sure you're getting the absolute best rates, consider shopping for new quotes every six months — the length of a standard policy. An easy way to remember when to shop is to watch for the end of your current policy.