Purchasing Insurance About More Than Money

Every year, more cars and drivers travel the roads. This can lead to an increased likelihood of a collision. The difference between a small aggravation and large pain can be car insurance. So how do you know what insurance you need and the quantity you should purchase? Car insurance provides you with protection from paying for damage or injury you cause others while driving your car, damage to your car or injury to you or your passengers from an accidents, plus certain other incidents, such as theft. Every state or province requires automobile insurance by law. Deciding to drive without insurance could mean you have to repair or replace a stolen or damaged vehicle or pay the cost of any damage for which you might be responsible. Liability: Bodily injury and property damage that you have caused will be paid for under liability insurance. Damages from bodily injury include medical fees, and lost wages. Property damage can refer to damaged property or loss of property use. If you are sued, it also pays your legal fees. Local laws usually mandate standard amounts of liability insurance, but higher amounts are available and usually recommended. Personal Injury Protection: This type of insurance pays for the medical treatment for you or other people in your car, no matter who was responsible for the collision. It is occasionally referred to as no-fault coverage. The minimum amount of personal injury protection is usually set by the state. Medical Payments: This type of coverage can be purchased in non-no-fault states and will pay no matter who is responsible for the accident. If you purchase this type of coverage, you will receive coverage for necessary medical or funeral expenses. Collision: This pays for damages to your car caused by an accident. Comprehensive: This type of insurance takes care of any damages not caused by a collision. This could include fire and wind damage, vandalism, and theft. Uninsured Motorist: If you are hit by an uninsured driver, this type of insurance will make sure you are covered. Under-Insured Motorist: There are other drivers who have liability insurance that can't cover all the expenses they are supposed to take care of. Under-insured motorist coverage protects you from those drivers. Other types of coverage, like car rental and emergency road service, are also available. Your auto insurance payments vary by company and will depend on several factors, such as: * Which policies you select * The make and model of the car you drive * Your driving record * Your age, gender and marital status * Where you live Many people think of auto insurance as a necessary evil, but it can rescue your finances. Review your needs, do your research , and with the help of your insurance agent, make the decision that best suits you. Auto Insurance Clermont