There are more cars on the road each year. With countless vehicles on the road, crashes can happen. If you get in a car wreck, the car insurance you have can make a large difference in how much you have to pay. But why is insurance necessary and just how much do you need? Coverage requirements vary by state/province, but typically include the following: Liability: This type of insurance coverage can pay for the damage that you have caused. These damages may include personal injury, and property damage. Bodily injury damages include medical expenses, lost wages, and pain and suffering. Property damage can refer to car repair costs or loss of property use. It also covers your legal fees if you are sued.
State laws typically require minimum amounts of liability insurance, but larger amounts can be purchased and are very beneficial. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. 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. It can also pay for lost earnings, service replacement and funeral expenses. The minimum amount of personal injury protection is typically set by local government. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. All necessary medical or funeral expenses will be covered under this insurance policy. Collision: Damages resulting from a collision will be covered under this type of insurance. Comprehensive: Cover your vehicle from all non-collision damages when you buy this type of coverage. This includes protection from theft, vandalism, and fire or flood damage. Uninsured Motorist: If you are hit by a driver without insurance, this type of insurance coverage will protect you. Under-Insured Motorist: There are other drivers who have liability insurance that can’t pay for all the expenses they are supposed to take care of. Under-insured motorist coverage covers you in accidents involving those drivers.
Other types of coverage, like car rental, are also available. What you pay for auto insurance varies based on the company and will depend on several factors, including: * Which policies you select * The make and model of the vehicle you drive * Whether or not you have been in an accident * Your age, sex and marital status * The place where you live Many people don’t want to pay for car insurance, but it is honestly something you don’t want to live without. Review your needs, research your options, and with the help of your insurance agent, make the decision that fits you best. State Farm Boise