Purchasing Insurance More Than Just Money

The amount of cars on the road increases each and every year. With so many vehicles on the road, crashes can happen. The difference between a little aggravation and large obstacle can be car insurance. So how can you figure out what insurance you need and how much you should buy? Car crashes can result in a variety of different expenses, which can all be paid for based on the insurance policy you have purchased. Every state and province mandates automobile insurance by law. Making the decision to drive without insurance could mean you have to repair or replace a stolen or damaged vehicle and pay the cost of any damage that you may have caused. Liability: Pays for expenses due to personal injury and damage to property that you are responsible for. Bodily injury damages can include medical expenses, and lost wages. Property damage includes car repair costs and loss of property use. It also covers your defense and court costs if you are sued. State laws usually require minimum amounts of liability insurance, but higher amounts can be purchased and are usually recommended. 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. It may also cover lost wages, replacement of services and funeral costs. State government usually sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. If this type of coverage has been bought, the insured person will receive coverage for necessary medical and funeral costs. Collision: Pays for damage to your vehicle caused by a collision. Comprehensive: This kind of insurance protection takes care of all non-collision damages. This may include weather damage, vandalism, and theft. Uninsured Motorist: Too many drivers are breaking the law by driving without purchasing the proper amount of insurance. This insurance will cover you if one of these drivers hit you. Under-Insured Motorist: Pays for damages when an insured person is in a crash caused by another person who does not have enough liability insurance to cover the total cost of the damages. Emergency road service, car rental, and other types of car insurance can also be purchased. What you pay for auto insurance varies based on the company and will depend on several factors, such as: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * The place where you live Some have consider auto insurance as a necessary evil, but it is something you will need if you are ever in an accident. Review your needs, do your research , and with the guidance of your insurance agency, make the decision that fits you best. State Farm Agent Clermont