Buying Home Insurance About More Than Money

Each year, more automobiles and drivers hit the highways. With the increasing number of vehicles on the road, accidents will happen. Automobile insurance can be the difference between a minor setback and a major hassle. So how can you find out what type of car insurance you need and the quantity you should buy? Coverage requirements will differ by state/province, but usually include the following: Liability: It pays for expenses due to bodily injury and damage to property that you have caused. Damages from bodily injury include medical fees, lost wages, and pain and suffering. Property damage includes car repair costs or loss of property use. It can also cover your legal fees if you are sued. State laws usually mandate standard amounts of liability insurance, but higher amounts are available and usually recommended. Personal Injury Protection: This type of insurance pays for all medical treatment for you and other people in your car, regardless of who was at fault in the accident. It is required in some states and optional in others. The minimum amount of personal injury protection is usually set by local government. Medical Payments: Medical payment coverage is available in non-no-fault states and will pay no matter who is responsible for the accident. All necessary medical or funeral expenses will be covered under this type of policy. Collision: Damages that occur from a collision will be covered under this kind of car insurance. Comprehensive: Cover your car from damages from other sources by purchasing this type of coverage. This includes protection from burglary, vandalism, and weather damage. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is injured in an accident caused by another person who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: There are other drivers who have liability insurance that might not be able to pay for all the expenses they are supposed to take care of. This type of insurance covers you from those drivers. Other kinds of car insurance, including emergency road service, are also available. What you pay for car insurance varies by company and will depend on several factors, including: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, sex and marital status * The place where you live Many people think of car insurance as a necessary evil, but it can rescue your finances. Review your needs, research your options, and with the support of your insurance agency, make the decision that best suits you. State Farm Clermont