When purchasing car insurance, it can be difficult to tell what kind would be most beneficial for you. There are many different types, and the best choice varies depending on your individual needs. To find affordable car insurance, a good place to start is by looking at your state’s laws.
In 47 states, you are required by law to have minimum liability insurance. If you injure another driver or cause property damage, you are covered by liability insurance. In 15 states, you must also have Personal Injury Protection (PIP). If you get into an accident and you have PIP, your medical expenses will be covered. If you are unable to work for some time because of your injuries, PIP will also pay your lost wages.
In most areas, liability insurance is considered basic coverage, as it is the minimum amount of insurance you are required to have. However, in the states that require you to have both liability insurance and PIP, basic coverage expands to include PIP.
Most insurance providers will recommend that you get full coverage. Many people resist; they are looking for affordable car insurance, and don’t want to pay any extra. However, if you can afford it, full coverage is the safest type of car insurance.
Full coverage includes full liability and PIP insurance. With minimum liability insurance, you are only covered up to a predetermined amount of money. If the accident charges exceed that amount, you are responsible for the remainder. If you can’t afford it you could lose assets, such as your house. Full liability coverage will protect your assets.
Full coverage also includes comprehensive insurance. Comprehensive insurance will cover any damages to your vehicle that are not caused by an accident. This includes theft and vandalism, as well as damage done by animals. Most comprehensive insurance policies also include “Acts of God”, which means they cover any damage that occurs outside of human control. This includes bad weather, such as a hurricane or hailstorm, as well as other unavoidable events like a flood or fire.
Whichever type of coverage you choose, you should shop around to find the best rates. You can find affordable car insurance. There are many options out there; you just have to decide what is most important to you, and how much you can afford.