The amount of cars and drivers on the road increases each and every year. With the increasing number of vehicles on the road, crashes can happen. Automobile insurance can make the difference between a small inconvenience and a major trial. But why do you need insurance and exactly how much should you purchase? Required coverage varies based on the state/province but typically includes the following: Liability: Bodily injury and property damage that you are responsible for will be paid for under liability insurance. It can also cover your defense and court costs if you are sued. State laws typically require standard amounts, but larger amounts can be purchased and are extremely helpful. Personal Injury Protection: This is mandated 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 pay for lost wages, replacement of services and funeral expenses. State law typically sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it will pay regardless of who may be responsible. All reasonable medical or funeral expenses will be covered under this insurance policy. Collision: Pays for damages to your car caused by an accident. Comprehensive: Applies if your car is stolen or damaged by something other than a collision, including fire, wind, hail, flood or vandalism. Uninsured Motorist: If you are hit by an uninsured driver or a hit-and-run driver, this type of insurance coverage will protect you. Under-Insured Motorist: Similar to uninsured motorist protection, this type of insurance protects you against drivers without sufficient insurance protection. Emergency road service, car rental, and other types of coverage can also be purchased. Your car insurance payments varies based on the company and will depend on multiple factors, including: *Your selected coverage *Your vehicle’s make and model * Whether or not you have been in an accident * Your age, gender and marital status * 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. Evaluate your needs, do your research , and with the guidance of your insurance agent, choose the option that best suits you. Home Insurance Greensboro NC
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