Having car insurance is essential for protecting yourself and your vehicle in the event of an accident or unforeseen circumstances. With various types of car insurance available, it can be challenging to determine the coverage you need. The required car insurance coverage types depend on your location, and we can assist you in understanding the options and finding affordable rates that suit your needs.
Bodily Injury Liability Bodily injury liability coverage safeguards you against financial losses if you injure someone in an accident. For instance, if you run a red light accidentally and cause injury, this coverage assists in covering the medical expenses. Most states mandate bodily injury liability coverage.
Property Damage Liability Property damage liability coverage pays for damage caused by your car to property you don’t own, such as fences, mailboxes, or other vehicles. If, for example, you damage a neighbor’s mailbox during a heavy rainstorm, this insurance helps cover the repair costs. Property damage liability coverage is typically required by most states.
Collision Coverage Collision insurance covers damages to your car resulting from collisions with other vehicles or objects. If you back into a tree, for instance, this coverage assists in paying for the damages. While not mandated by state laws, your lender may require collision coverage if you have financed your vehicle.
Comprehensive Coverage Comprehensive insurance covers repairs to your car caused by various incidents, including natural disasters, theft, vandalism, or collisions with animals. For instance, if a heavy snowfall causes a branch to break your windshield while your car is parked under a tree, comprehensive coverage helps with repair costs. Although not state-required, comprehensive insurance may be necessary if you lease or finance your vehicle.
Uninsured/Underinsured Motorist Coverage This coverage protects you if you’re involved in an accident with a driver who lacks insurance or has insufficient coverage. It includes:
Uninsured motorist bodily injury coverage for bodily injuries in accidents with uninsured or hit-and-run drivers. Uninsured motorist property damage coverage for damage to your car caused by uninsured or hit-and-run drivers. Underinsured motorist coverage for bodily injuries when the at-fault driver doesn’t have enough insurance. The requirement for uninsured/underinsured motorist coverage varies by state.
Medical Payments Coverage Medical payments coverage assists in paying medical expenses and rehabilitation costs resulting from an accident. While not available in all states, this optional coverage applies regardless of where the accident occurs.
Personal Injury Protection (PIP) Also known as no-fault insurance, PIP coverage pays for losses related to injuries from a car accident, irrespective of fault. It covers medical bills, funeral costs, or lost wages. PIP may be required in certain states and is not available everywhere.