Every year, more automobiles and drivers travel the highways. With so many vehicles on the road, accidents can happen. Car insurance can be the difference between a minor setback and a major trial. But why is insurance necessary and just how much do you need? Insurance requirements will differ by state/province, but usually include the following: Liability: This kind of insurance coverage can pay for the damage that you have caused. These damages may include bodily injury, and property damage. Bodily injury damages include medical fees, lost wages, and pain and suffering. Property damage can refer to damaged property and loss of use of property. If you are sued, this type of insurance can pay for your legal fees. State laws usually mandate standard amounts, but larger amounts are available and very beneficial. Personal Injury Protection: This type of insurance pays for the medical treatment for you or your passengers, regardless of who was responsible for the crash. It is required in some states and optional in others. This insurance can also cover lost earnings, service replacement and funeral expenses. State government usually sets minimum amounts. Medical Payments: This type of coverage can be purchased in states that are not considered no-fault and will pay regardless of who is responsible for an accident. If this type of coverage is bought, the insured person will receive coverage for necessary medical or funeral expenses. Collision: Pays for damage to your vehicle caused by a collision. Comprehensive: This kind of insurance protection takes care of all non-collision damages. This could include hail damage, vandalism, and robbery. Uninsured Motorist: Too many drivers are breaking the law by driving a car without purchasing the proper amount of auto insurance. This type of coverage will cover you if one of these irresponsible drivers hit you. Under-Insured Motorist: Many drivers have liability insurance that might not be able to cover all the expenses they are responsible for. This type of insurance protects you from those drivers. Other kinds of coverage, including emergency road service, are also available. What you pay for car insurance varies based on the company and will depend on multiple factors, including: * What coverage you select * The type of the vehicle you own * Your driving record * Your age, gender and marital status * The place where you live Many people think of car insurance as a necessary evil, but it can rescue your finances. Evaluate your needs, do your research , and with the guidance of your insurance agent, make the decision that fits you best. State Farm Clermont
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