Insurance and What It Means To You

There are more cars and drivers hitting the road every year. This could lead to an increased likelihood of a collision. If you get in a car accident, the auto insurance you have can make a large difference in the experience you have. So how do you know what type of car insurance you need and how much to purchase? Your insurance may be able to pay for the expenses from a car crash ranging from car repairs to legal fees. Electing to drive without insurance could mean you have to repair or replace a stolen or damaged vehicle or pay the cost of all the damage for which you might be responsible. Liability: This type of insurance coverage can pay for the damage that you are responsible for. These damages can include bodily injury, and property damage. Damages from bodily injury can include medical fees, and lost wages. Property damage includes damaged property and loss of use of property. If you are in legal trouble, liability insurance will pay for your defense and court costs. Local laws typically require minimum amounts, but higher amounts can be purchased and are very beneficial. Personal Injury Protection: This is required 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. The minimum amount of this insurance is usually set by the state. Medical Payments: This coverage is available in non-no-fault states; it pays despite who carries responsibility for an accident. It pays for all insured person's reasonable medical or funeral expenses resulting from an accident. Collision: This pays for damage to your vehicle caused by an accident. Comprehensive: Cover your vehicle from all non-collision damages by purchasing this type of insurance. This includes protection from theft, vandalism, and fire or flood damage. Uninsured Motorist: Too many drivers are breaking the law by driving a car without purchasing the right amount of auto insurance. This type of coverage will cover you if you are in an accident with one of these irresponsible drivers. Under-Insured Motorist: Many drivers have liability insurance that might not be able to pay for all the expenses they are responsible for. Under-insured motorist coverage protects you from those drivers. Other policies, including car rental and emergency road service, are also available. What you pay for auto insurance varies by company and will depend on several factors, including: * What coverage you select * The make and model of the vehicle you drive * Whether or not you have been in an accident * 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. Evaluate your needs, do your research , and with the guidance of your insurance agency, choose the option that fits you best. State Farm Clermont