The number of cars and drivers on the road increases each year. As this number goes up, the possibility of accidents also goes up. The difference between a small aggravation and large pain can be the car insurance you have purchased. But why do you need insurance and just how much should you buy? Insurance requirements vary by state/province, but typically include the following:
Liability: This kind of insurance coverage can pay for the damage that you are responsible for. These damages might include bodily injury, and property damage. If you are sued, it also pays your court costs. Recommended, higher levels of insurance can be purchased that cover more than the lower, state-mandated varieties.
Personal Injury Protection: Personal injury insurance is required in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. This insurance may also cover lost wages, replacement of services and funeral costs. The minimum amount of personal injury protection is usually set by the state.
Medical Payments: This coverage can be purchased in non-no-fault states; it pays despite who may be responsible. If you buy this type of coverage, you will receive payment for reasonable medical and funeral costs.
Collision: This pays for damage to your car caused by a collision.
Comprehensive: This kind of insurance protection covers all non-collision damages. This could include fire damage, vandalism, and burglary.
Uninsured Motorist: This pays for repair and replacement costs when an insured person is in a crash caused by a driver who does not have insurance.
Under-Insured Motorist: Just like uninsured coverage, this kind of insurance covers you from people driving without enough insurance coverage.
Other types of coverage, such as car rental, are also available from Iprosper.