Each year, more cars and drivers travel the roads. As this number goes up, the possibility of accidents also goes up. The difference between a little bother and major pain can be automobile insurance. But why do you need insurance and just how much should you get? Your car insurance may be able to pay for the expenses from a car crash ranging from hospital bills to replacement costs.
Auto insurance is mandated by state law. By not owning insurance, you risk having to pay the total price of the harm you cause others or to repair or replace your car if it is damaged or stolen. Liability: This type of insurance will pay for the damage that you are responsible for. These damages may include personal injury, and property damage. Damages from bodily injury can include medical expenses, lost wages, and pain and suffering. Property damage includes car repair costs or loss of use of property. It also covers your defense and court costs if you are sued.
State laws usually mandate standard amounts of liability insurance, but higher amounts are available and extremely helpful. Personal Injury Protection: This type of insurance pays for the medical treatment for you or other people in your car, regardless of who was at fault in the crash. It is commonly referred to as no-fault coverage. This insurance may also pay for lost earnings, replacement of services and funeral costs. State law usually sets minimum amounts. Medical Payments: This type of coverage is available in states that are not considered no-fault and will pay regardless of who is responsible for an accident. This insurance will pay for an insured person’s reasonable and necessary medical or funeral expenses resulting from an accident. Collision: Damages resulting from a car accident will be covered under this type of car insurance. Comprehensive: This type of insurance protection takes care of any damages not caused by a collision. This could include weather damage, vandalism, and theft. Uninsured Motorist: If you are hit by an uninsured driver, this type of insurance will make sure you are covered. Under-Insured Motorist: Many drivers have liability insurance that might not be able to pay for all the expenses they are supposed to take care of. Under-insured motorist coverage covers you from those drivers.
Other types of coverage, like car rental, are also available. Car loans Jacksonville IL