Buying Home Insurance More Than Just Money

Every year, more cars and drivers are on the highways. As this number increases, the chances of a car wreck will also go up. Automobile insurance can make the difference between a minor setback and a major trial. So how can you find out what insurance you need and how much to purchase? Auto insurance protects you by paying for injury or damage you cause others while you are driving, damage to your vehicle or injury to you or your passengers from a crash, and specific other situations, such as theft. Your state or province definitely mandates some type of auto insurance. By not purchasing insurance, you risk having to pay the total price of any harm or injury you cause others or of repairing or replacing your vehicle if it is damaged or stolen. Liability: This type of insurance will pay for the damage that you have caused. These damages can include personal injury, and property damage. Damages from bodily injury can include medical expenses, and lost wages. Property damage includes damaged property or loss of property use. If you are in legal trouble, it also pays your court costs. Local laws usually mandate standard amounts, but higher amounts are available and extremely helpful. Personal Injury Protection: This is mandated in some states and is optional in others. It pays you or your passengers for medical treatment resulting from a crash, regardless of who may have been at fault, and is often called no-fault coverage. The minimum amount of this insurance is usually set by the state. Medical Payments: This type of coverage can be purchased in non-no-fault states and will pay regardless of who is responsible for an accident. All reasonable medical or funeral expenses will be paid for under this insurance policy. Collision: Pays for damages to your vehicle caused by a collision. Comprehensive: Applies if your vehicle is stolen or damaged by something other than a collision, including weather damage or vandalism. Uninsured Motorist: If you are in an accident with a driver without insurance or a hit-and-run driver, this type of insurance will make sure you are covered. Under-Insured Motorist: Similar to uninsured motorist protection, this type of insurance protects you against people driving without enough insurance protection. Emergency road service, car rental, and other varieties of coverage can also be purchased. What you pay for car insurance varies by company and will depend on several factors, such as: *Your selected coverage *Your vehicle's make and model * Your driving record * Your age, sex and marital status * Where you live Many people think of car insurance as a necessary evil, but it can save you from a financial crisis. Evaluate your needs, do your research , and with the support of your insurance agency, choose the option that best suits you. State Farm Clermont