The number of cars and drivers on the road increases each year. As this number goes up, the chances of a car accident will also increase.
Car insurance can be the difference between a small setback and a large hassle. So how do you know which type of insurance you need and how much to buy? Auto insurance protects you by paying for damage caused to your car or someone else’s car and injury to others, yourself, or your passengers, plus certain other occurrences, such as burglary.
By not purchasing insurance, you risk having to pay the total cost of any harm or injury you cause others or of repairing or replacing your car if it is damaged or stolen. Liability: Bodily injury and property damage that you are responsible for will be covered under this type of insurance. Bodily injury damages include medical expenses, and lost wages. Property damage includes car repair costs or loss of property use. If you are in legal trouble, it also pays your legal fees.
Local laws usually mandate minimum amounts, but larger amounts can be purchased and are very beneficial. Personal Injury Protection: This is required in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. This insurance can also cover lost wages, service replacement and funeral expenses. Local law usually sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states; it pays despite who may have been at fault. This insurance will pay for an insured person’s reasonable medical and funeral expenses for bodily injury from an accident. Collision: This pays for damages to your car caused by an accident. Comprehensive: This type of insurance covers all damages not caused by a collision. This may include hail damage, vandalism, and burglary. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is in a crash caused by another person who does not have liability coverage. Under-Insured Motorist: Many drivers have liability insurance that can’t cover all the expenses they are supposed to take care of. This type of insurance protects you from those drivers.
Other kinds of coverage, including car rental, are also available. What you pay for car insurance varies based on the company and will depend on multiple factors, such as: *Your desired coverage *Your vehicle’s make and model * Whether or not you have been in an accident * Your age, gender and marital status * The place where you live Some people have consider car insurance as a necessary evil, but it is something you will need if you are ever in an accident. Review your needs, research your options, and with the help of your insurance agent, choose the option that best suits you. State Farm Insurance Gainesville FL