How Does Automobile Insurance Work?

homeowners insurance Slidell LA The number of drivers on the road increases each and every year. This can lead to a higher possibility of a collision for you and your family. Car insurance can make the difference between a minor setback and a large trial. So how can you figure out what insurance you need and how much you should buy? Insurance requirements will differ by state/province, but usually include the following: Liability: Bodily injury and property damage that you have caused will be covered under liability insurance. If you are sued, it also pays your legal fees. Local laws usually require standard amounts of liability insurance, but higher 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. This insurance can also cover lost earnings, service replacement and funeral costs. Local law usually sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it will pay despite who carries responsibility for an accident. This insurance will pay for an insured person’s necessary medical and funeral expenses for bodily injury from a crash. Collision: Damages resulting from a collision will be paid for under this type of insurance. Comprehensive: This applies if your vehicle is stolen or damaged by something other than a collision, including weather damage or vandalism. Uninsured Motorist: If you are in an accident with a driver without insurance or a hit-and-run driver, this type of insurance coverage will protect you. Under-Insured Motorist: There are other drivers who have liability insurance that might not be able to cover all the expenses they are responsible for. This type of insurance covers you in accidents involving those drivers. Other kinds of car insurance, such as car rental, can also be purchased. Your auto insurance payments varies based on the company and will depend on several factors, such as: *Your selected coverage *Your vehicle’s make and model * Whether or not you have been in an accident * Your age, sex and marital status * Where you live Don’t procrastinate buying auto insurance; you should never be on the road without it. Review your needs, research your options, and with the support of your insurance agent, make the decision that best suits you.