Insurance and What It Means To You

The amount of drivers on the road increases each year. With the increasing number of vehicles on the road, crashes can happen. Automobile insurance can make the difference between a small setback and a large hassle. So how do you know which type of insurance you need and how much to buy? Auto insurance provides you with protection from paying for damage caused to your car or another person's car and injury to others, yourself, or passengers in your car, and certain other occurrences, such as theft. Automobile insurance is mandated by law in all states and provinces. Without insurance, you run the risk of having to pay the total price of the harm or injury you cause others. Liability: Pays for the expenses you have caused to others in a car collision, including property damage and injury. Damages from bodily injury include medical expenses, and lost wages. Property damage can refer to car repair costs or loss of property use. It also covers your defense and court costs if you are sued. Recommended, higher levels of liability insurance are available that take care of more than the stripped-down, state-mandated varieties. Personal Injury Protection: This type of insurance pays for hospital bills and other medical treatment for you or your passengers, no matter who was responsible for the accident. It is mandated in some states and optional in others. The minimum amount of this insurance is usually set by local government. Medical Payments: Medical payment coverage is available in states that are not considered no-fault; it will pay regardless of who may have been at fault. All necessary medical or funeral expenses will be covered under this insurance policy. Collision: Pays for damages to your car caused by an accident. Comprehensive: This type of insurance protection covers all damages not caused by a collision. This may include hail damage, vandalism, and theft. Uninsured Motorist: If you are hit by a driver without insurance or a hit-and-run driver, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: Pays for collision expenses when a driver with insurance is injured in an accident caused by another person who does not have enough liability insurance to pay for the full cost of the damages. Other policies, like emergency road service, are also available. What you pay for auto insurance varies based on the company and will depend on multiple factors, including: *Your desired coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, gender and marital status * Where you live Some drivers don't want to pay for auto insurance, but it is truly something you don't want to live without. Review your needs, research your options, and with the guidance of your insurance agency, make the decision that fits you best. State Farm Agent Clermont