Financial Security and Your Insurance Policy
You will see more cars on the road each year. With so many vehicles on the road, accidents can happen. The difference between a small bother and large obstacle can be car insurance. So how can you find out what type of car insurance you need and how much to purchase? Car insurance provides you with protection from paying for damage caused to your vehicle or someone else's vehicle and injury to other people, yourself, or passengers in your car, and certain other situations, such as robbery. No matter where you are living, you will need to buy some type of auto insurance. Deciding to drive without insurance could cause you to repair or replace a stolen or damaged vehicle and pay the cost of any damage for which you might be responsible. Liability: This type of insurance coverage can pay for the damage that you have caused. These damages might include personal injury, and property damage. It can also cover your legal fees if you are sued. State laws typically require minimum amounts of liability insurance, but higher amounts can be purchased and are extremely helpful. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you and your passengers, regardless of who was at fault in the collision. It is mandated in some states and optional in others. The minimum amount of this insurance is typically set by local government. Medical Payments: Medical payment coverage can be purchased in states that are not considered no-fault; it pays regardless of who carries responsibility for a collision. All reasonable medical or funeral expenses will be covered under this insurance coverage. Collision: Damages that occur from a car accident will be covered under this type of car insurance. Comprehensive: Cover your vehicle from damages from other sources by purchasing this type of coverage. This may include protection from theft, vandalism, and weather damage. Uninsured Motorist: This pays for repair and replacement costs when an insured person is in a crash caused by another person who does not have insurance. Under-Insured Motorist: Similar to uninsured motorist protection, this type of insurance protects you against drivers without enough insurance protection. Emergency road service, car rental, and other types of car insurance can also be purchased. What you pay for car insurance varies by company and will depend on multiple factors, including: *Your selected coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * Where you live Many drivers think they can get by without auto insurance, but it is truly something you don't want to live without. Evaluate your needs, research your options, and with the support of your insurance agency, choose the option that best suits you. Car Insurance Groveland