May 6, 2013
by admin •
Car Insurance Quotes
insurance agent Parchment MI There are more cars and drivers on the road every year. As this number goes up, the chances of a car accident will also go up. If you get in a car crash, the car insurance you have can make a large difference in how much you have to pay. So how do you know what type of car insurance you need and how much to buy? Required coverage varies based on the state/province but usually includes the following: Liability: This type of insurance can pay for the damage that you have caused. These damages might include bodily injury, and property damage. Bodily injury damages can include medical fees, and lost wages. Property damage can refer to damaged property or loss of property use. If you are in legal trouble, it also pays your defense and court costs. Local laws usually require minimum amounts of liability insurance, but larger amounts can be purchased and are very beneficial. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or other people in your car, regardless of who was at fault in the accident. It is commonly referred to as no-fault coverage. Local government usually sets minimum amounts. Medical Payments: Medical payment coverage is available in states that are not considered no-fault and will pay regardless of who is responsible for an accident. This insurance will pay for all insured person’s reasonable and necessary medical or funeral expenses for bodily injury from an accident. Collision: This pays for damage to your vehicle caused by a collision. Comprehensive: Cover your vehicle from all non-collision damages when you buy this type of insurance. This includes protection from robbery, vandalism, and weather damage. Uninsured Motorist: If you are hit by an uninsured driver, this type of insurance will protect you. Under-Insured Motorist: Similar to uninsured coverage, this type of insurance protects you against people driving without enough insurance protection. Other kinds of coverage, including car rental, are also available. Your auto insurance payments vary by company and will depend on multiple factors, including: * What coverage you select * The make and model of the vehicle you own * Your driving record * Your age, gender and marital status * Where you live Some have consider auto insurance as a necessary evil, but it can truly rescue you from a financial mess. Review your needs, do your research , and with the guidance of your insurance agency, choose the option that fits you best.