Everyone requires car insurance to drive legally. At the very least, you need to be able to cover repairs for other motorists, when the accident is of your own fault. However, there are so many different types of insurance out there, so it can be difficult to decide what type of insurance you require, and what is truly worth paying for.
In order to make this decision, you have to be knowledgeable about the individual policies that you are looking at, and the types of situations that you will be covered for under each individual policy. Some of the more common types of car insurance that you should consider include:
Liability Insurance Coverage
Liability insurance is the most common type of insurance available. In most states that require car insurance, liability insurance is the absolute minimum that you must obtain in order to drive your vehicle. These policies cover you whenever you are in a car accident, and it is determined that it is your own fault. This will cover any of the property damage that was created during the accident, the medical bills from any of the injuries that may have been a result of the accident, as well are any other damage that you could be liable for. Liability insurance is generally the lowest common denominator, and you should always look to go above and beyond this level of insurance to protect yourself as well.
What does collision insurance cover
If you only have liability insurance and get into an accident, you could be placed into a situation where you do not have the money to repair your own vehicle, especially if the other individual did not have liability insurance. Collision insurance ensures that your insurance company will pay for repairs for your vehicle, as well as your medical bills, should the party that caused the accident to be unreachable, or unable to pay. These types of situations are common in hit-and-run accidents or accidents in which the other party does not have insurance. Collision insurance should be the bare minimum investment that you look to make, in order to protect yourself, as well as others on the road.
Uninsured Motorist Insurance
Even though in most states it is a requirement that all drivers have insurance, you would be surprised to find out how many people are driving without it. Sometimes, even if the other driver does have liability insurance, the minimums may not cover the damages and expenses that you incur as a result of the accident. Uninsured motorist insurance is an excellent choice for individuals that are worried about being hit by an uninsured driver, and the potential fallout that it could cause in their own life. If you rely on your vehicle to get to and from work and have no other options available to you, uninsured motorist protection insurance may be a wise decision.
Personal Injury Insurance
It's no secret that healthcare costs can be amazingly high. Following an accident, attempting to cover these costs can be very difficult, especially if you do not have health insurance. Personal injury protection will cover all of your medical bills, along with all of the passengers that you had your car. Depending on the policy, the price of personal injury insurance can range greatly from one company to another. However, if you have a solid health insurance plan, it is likely that you will not require personal injury protection.
Author Bio: Stevie Clapton is with CarInsuranceQuote.net who have great guides for find through online car insurance.
