Car insurance provides protection for the policy holder (usually the driver or owner of the vehicle) from financial loss in the event of a car accident. For this protection the plan holder will be required to pay a regular premium which varies according to a number of factors like the driver’s age, the car in question, the driver’s record and the driver’s location to name just a few.
There are various different forms of car insurance to protect the policy holder against costs arising out of damage to the vehicle, damage to property and injury to persons involved in an automobile accident. The different types of car insurance cover include:
Liability cover which is designed to pay for damages to others or to their property in the event of a car accident and which also meets any court costs involved. In a lot of states liability cover is the bare minimum required before you can drive a car on public roads.
Collision cover which is designed to pay for damages to your own car in a collision with another car or other object.
Comprehensive cover which will pay for various types of damage including fire, theft, vandalism and damage resulting from severe weather.
Medical cover which provides payment for medical expenses for injuries resulting from an auto accident.
PIP (Personal Injury Protection) cover which will pay for any medical expenses when injury is sustained during an automobile accident, regardless of who is at fault.
Uninsured and under-insured cover which will pay for damages sustained to you when the other driver involved in an auto accident has no insurance.
Every state draws up its own set of rules governing car insurance and some types of insurance will be mandatory in a particular state while others will be purely optional. Some states, for instance, only require you to carry liability insurance while other states require you to have personal injury protection insurance cover.
In addition there are several states that are considered ‘no-fault’ states where 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 automobile accident.
Ensure that you are carrying the right type of car insurance by letting the professionals give you a free, no-obligation cheap car insurance quote today.
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