Everything You Need to Know About Auto Insurance

There are more cars and drivers hitting the road every year. With so many vehicles on the road, crashes will happen. The difference between a little aggravation and large pain can be your insurance. But why is insurance required by law and just how much do you need? Car crashes can result in a variety of different expenses, which can all be paid for based on the insurance policy you own. By not owning insurance, you risk having to pay the total price of the harm you cause others or to repair or replace your vehicle if it is damaged or stolen. Liability: Personal injury and property damage that you are responsible for will be paid for under this type of insurance. Bodily injury damages include medical expenses, and lost wages. Property damage includes damaged property or loss of property use. If you are in legal trouble, this type of insurance will pay for your legal fees. State laws usually mandate standard amounts, but larger amounts are available and very beneficial. Personal Injury Protection: Personal injury insurance is mandated 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, service replacement and funeral expenses. State law usually sets minimum amounts. Medical Payments: Medical payment coverage can be purchased in non-no-fault states and will pay regardless of who is responsible for an accident. If this policy is bought, the insured person will receive coverage for all types of medical or funeral expenses. Collision: This pays for damages to your vehicle caused by an accident. Comprehensive: This applies if your vehicle is stolen or damaged by something other than a collision, including weather damage or vandalism. Uninsured Motorist: If you are hit by a driver without insurance, this type of insurance coverage will make sure you are covered. Under-Insured Motorist: This pays for damages when a driver with insurance is injured in an accident caused by a driver who does not have the right amount of insurance to cover the full amount of the damages. Emergency road service, car rental, and other varieties of car insurance can also be purchased. Your auto insurance payments vary by company and will depend on several factors, such as: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, sex and marital status * The place where you live Some have come to think of auto insurance as a necessary evil, but it can truly rescue you from a financial mess. Evaluate your needs, do your research , and with the support of your insurance agent, make the decision that fits you best. State Farm Clermont