Car insurance protects the policy holder (usually the owner of the car) from monetary loss in the event of a car accident. To get this protection the plan holder pays a monthly premium which depends upon a wide variety of factors like the driver’s age, the type of vehicle, the driver’s record and the driver’s location to mention just a few.
There are presently a number of different types of car insurance to protect the policy holder against costs arising out of damage to the vehicle, property damage and bodily harm of all persons involved in an automobile accident. The various different types of car insurance cover include:
Liability cover which pays for damages to others or to their property as a result of an auto accident and which also meets any court costs involved. In a number of states liability cover is the bare minimum of cover required before you may take a car onto public roads.
Collision cover which is designed to pay for damage caused to your car during a collision with another vehicle or object.
Comprehensive cover which will pay for different types of damage including theft, fire, malicious mischief and damage resulting from severe weather.
Medical cover which pays for medical expenses associated with injuries sustained in an automobile accident.
PIP (Personal Injury Protection) cover which pays for medical expenses when an injury is sustained in an automobile accident, regardless of who caused the accident.
Uninsured and under-insured cover which is designed to pay for damages which you sustain if the other driver in an auto accident is not adequately insured.
Every state has its own rules governing car insurance and some forms of insurance cover are mandatory in a particular state while others are optional. Some states, for instance, only require you to carry liability insurance while others insist upon PIP insurance cover.
There are also several states which are called ‘no-fault’ states in which policy holders are able to recover any financial losses from their own insurance company, regardless of who is found to be at fault in an accident.
Make sure that you are carrying the right form of car insurance by letting the professionals provide you with a free and no-obligation cheap car insurance quote today.
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