As the population continues to grow, more cars and drivers hit the highways. Crashes are inevitable since there are so many vehicles on the road. If you have automobile insurance, then this can be the difference between a minor inconvenience and a major hassle. But why exactly do you need insurance and how much should you pay for it?
In all states, auto insurance is required by law and it protects you by paying for damage or injury you cause others while driving your car, damage to your car or injury to you or your passengers in your car from a crash, and also certain other occurrences such as theft and vandalism. If you don't have insurance, then you risk having to pay the full cost of any harm you cause others with your vehicle.
Although coverage requirements vary by state, usually the following are included.
1. Liability. This will pay for damages that are caused by bodily injury and property damage to others for which you are responsible. Bodily injury damages include medical expenses, lost wages and pain and suffering. For property damage, this would include loss of use of property. Usually, state laws mandate minimum amounts, but higher amounts are available and usually recommended.
Personal Injury Protection. This is actually required in a lot of states. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. Aside from that it may pay for lost earnings, replacement of services and funeral expenses as well. Most of the time, state laws set minimum required amounts.
c) Medical Payments. This coverage is available in some states (usually the states without no-fault insurance), and pays regardless of who may have been at fault. What it does is pay for an insured person's reasonable and necessary medical and funeral expenses for bodily injury from a crash.
d) Collision. This pays for damage to your car caused by collision.
5. Comprehensive. What this does is pay for damage to your car caused by "Other Than Collision" such as fire, wind, hail, vandalism and animal strikes.
f) Uninsured Motorist. What this does is pay for damages when an insured person is injured in a crash caused by another person who does not have liability insurance or by a hit and run driver.
g) Underinsured Motorist. When an insured person is injured in a crash caused by another person who does not have enough liability insurance to cover the full amount of the damages, then this pays for the damages.
Varying widely from company to company are auto insurance premiums and it will depend on several factors including What coverage's you select; The make and model of the car that you drive, your driving record, your age, sex, and marital status and where you live.
Auto insurance for most people is some sort of necessary evil that can save your financial well being. Evaluate your needs, do your research and make the decision that best suits you.
In all states, auto insurance is required by law and it protects you by paying for damage or injury you cause others while driving your car, damage to your car or injury to you or your passengers in your car from a crash, and also certain other occurrences such as theft and vandalism. If you don't have insurance, then you risk having to pay the full cost of any harm you cause others with your vehicle.
Although coverage requirements vary by state, usually the following are included.
1. Liability. This will pay for damages that are caused by bodily injury and property damage to others for which you are responsible. Bodily injury damages include medical expenses, lost wages and pain and suffering. For property damage, this would include loss of use of property. Usually, state laws mandate minimum amounts, but higher amounts are available and usually recommended.
Personal Injury Protection. This is actually required in a lot of states. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. Aside from that it may pay for lost earnings, replacement of services and funeral expenses as well. Most of the time, state laws set minimum required amounts.
c) Medical Payments. This coverage is available in some states (usually the states without no-fault insurance), and pays regardless of who may have been at fault. What it does is pay for an insured person's reasonable and necessary medical and funeral expenses for bodily injury from a crash.
d) Collision. This pays for damage to your car caused by collision.
5. Comprehensive. What this does is pay for damage to your car caused by "Other Than Collision" such as fire, wind, hail, vandalism and animal strikes.
f) Uninsured Motorist. What this does is pay for damages when an insured person is injured in a crash caused by another person who does not have liability insurance or by a hit and run driver.
g) Underinsured Motorist. When an insured person is injured in a crash caused by another person who does not have enough liability insurance to cover the full amount of the damages, then this pays for the damages.
Varying widely from company to company are auto insurance premiums and it will depend on several factors including What coverage's you select; The make and model of the car that you drive, your driving record, your age, sex, and marital status and where you live.
Auto insurance for most people is some sort of necessary evil that can save your financial well being. Evaluate your needs, do your research and make the decision that best suits you.
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