How Do I Choose The Right Car Insurance?
For most people, in most states, car insurance is a necessity. It is important to understand the different types of car insurance available to you. Being educated on car insurance is the best tool you can arm yourself with when it comes time to purchase a car insurance policy.
Different Car Insurance Policies
Personal Injury Protection
A more in-depth explanation of benefits will assist you in making an educated decision about the right car insurance policy to meet your needs.
In the event of a car accident, if you are found to be at fault, liability insurance will cover the property damage caused by the accident. In addition, medical bills incurred during the accident will be covered up to the maximum amount your policy will allow.
Do I Need Liability Insurance?
Yes. In most states, there is a minimum requirement for liability insurance. If you are caught without it the result could be as little as a ticket or as much as a suspended drivers license or jail time. It is important to review the minimum coverages in your state and see if those coverages meet your needs. The minimum coverage rarely meets the needs of the insured, so we encourage you to make sure you can cover any out-of-pocket costs associated with the minimum requirements or look into adding additional coverage.
This policy is specific to your car. If you are in a covered accident collision coverage will cover the cost of repairs to your car. In the event, your car is totaled out, meaning the damages exceed the value of your car, collision coverage will pay you the value of the car. Keep in mind this may not be as much as you owe on your car.
Do I Need Collision Coverage?
Do you have a lienholder? If yes, then this coverage is required typically. If you do not have a lienholder and you have a newer valuable car it is a good idea to add collision coverage to your policy. If you have an older vehicle that has a lower value, it may not benefit you to carry this policy.
Comprehensive coverage is not related to a car accident. This type of coverage will protect you in the event of theft, weather damage, or you hit an animal. These instances are not covered by other policies.
Do I Need Comprehensive Coverage?
Do you have a lienholder? If the answer is yes then this coverage is typically required. However, if you do not have a lienholder this coverage is optional. This specific insurance policy comes at a higher expense than others. Sometimes an insurance company may have the ability to give you a price break on this policy if you are willing to add a device to your vehicle.
Personal Injury Protection
This policy will cover you and your passenger's medical bills in the event of an accident, no matter who is at fault. However, this policy is not available in every state.
Do I Need Personal Injury Protection?
If this policy is available in your state it is a good option to have. Medical bills add up quickly, especially in an accident situation. Having the peace of mind, knowing you and your passengers are covered, is nice. This policy can help take away the worry of additional out-of-pocket expenses.
Unfortunately, we know all too well that a minimum requirement is not always met by some. Being involved in an accident with a driver who is not insured or who is underinsured can leave you paying out-of-pocket for your losses.
Do I Need Uninsured/Underinsured Motorist?
Considering some states have very low minimum car insurance requirements it is a smart move on your part to add this coverage. We definitely suggest adding it in a state that has lower minimum requirements. This coverage can offer you peace of mind because you are not leaving anything to chance. The cost is relatively low to add this coverage to your car insurance policy and the benefits outweigh the added premiums.
How Do I Get a Quote?
Now that you are educated on the different policy options for car insurance it is time to get a quote. At BuyCarInsurance.com we make it easy for you, no more spending hours hunting for the best price or analyzing coverage. We get you a great quote within minutes from top car insurance companies in your area. Just follow the three easy steps and you will have a quote within minutes, no hassle.