Karen Knowler Blog

Why Paying For Car Insurance is Worth Every Penny

Each year, more cars and drivers hit the roads. As this number goes up, the chances of a car collision will also go up. Automobile insurance can be the difference between a minor setback and a major trial. How can you determine what type of insurance you need and where you should go to buy it? Auto insurance protects you by covering the cost of damage or injury you inflict on others while you are driving, damage to your vehicle or injury to you or your passengers from an accidents, and certain other situations, such as burglary. Automobile insurance is mandated by law in all states and provinces. By not owning insurance, you risk having to pay the full price of any harm you cause others. Liability: Bodily injury and property damage that you are responsible for will be covered under this type of insurance. Bodily injury damages can include medical fees, lost wages, and pain and suffering. Property damage includes damaged property and loss of property use. It can also cover your defense and court costs if you are sued. Local laws typically mandate standard amounts, but higher amounts are available and usually recommended. Personal Injury Protection: Personal injury insurance is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. Local government typically sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it pays regardless of who carries responsibility for an accident. All reasonable medical or funeral expenses will be paid for under this type of coverage. Collision: Damages that occur from a collision will be paid for under this kind of car insurance. Comprehensive: Cover your vehicle from all non-collision damages when you buy this type of insurance. This can include protection from robbery, vandalism, and fire or flood damage. Uninsured Motorist: This pays for damages when someone with insurance is in an accident caused by another person who does not have liability insurance or by a person who cannot be identified (typically a hit-and-run driver). Under-Insured Motorist: Similar to uninsured coverage, this kind of insurance protects you against people driving without enough insurance protection. Other kinds of coverage, like emergency road service and car rental, are also available. What you pay for car insurance varies based on the company and will depend on several factors, such as: * Which policies you choose * The type of the vehicle you own * Your driving record * Your age, gender and marital status * Where you live Many people think of car insurance as a necessary evil, but it can rescue your finances. Review your needs, do your research , and with the support of your insurance agent, choose the option that fits you best. Golf Cart Insurance Clermont