The Site Ranker

Insurance and How It Helps You

The number of cars on the road increases every year. As this number increases, the possibility of accidents also increases. If you get in a car accident, the auto insurance you own can make a large difference in how much you have to pay. But why do you need insurance and just how much should you buy? Mandated coverage varies based on the state/province but typically includes the following: Liability: Liability pays for the expenses you have caused to others in a car accident, including injury and property damage. If you are sued, this type of insurance can pay for your defense and court costs. Local laws typically mandate standard amounts, but higher 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 and your passengers, no matter who was responsible for the collision. It is sometimes referred to as no-fault coverage. Local law typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it will pay despite who may have been at fault. If you buy this type of coverage, you will receive coverage for all types of medical and funeral costs. Collision: Pays for damages to your vehicle caused by a collision. Comprehensive: This applies if your vehicle is stolen or damaged by something other than an accident, including fire, wind, hail, flood or vandalism. Uninsured Motorist: Too many drivers are breaking the law by driving without owning the right amount of car insurance. This insurance will cover you if you are in a collision with one of these drivers. Under-Insured Motorist: Similar to uninsured coverage, this kind of insurance protects you against people driving without sufficient insurance protection. Emergency road service, car rental, and other types of car insurance can also be purchased. Your car insurance payments vary by company and will depend on multiple factors, including: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * Where you live Some have come to think of car insurance as a necessary evil, but it is something you will need if you are ever in an accident. Evaluate your needs, research your options, and with the guidance of your insurance agent, choose the option that best suits you. State Farm Clermont