Car insurance protects the plan holder (usually the driver or owner of the car) from monetary loss in the event of a car accident. To receive this protection the plan holder pays a regular premium which varies according to several factors like the age of the driver, the vehicle being insured, the driver’s record and the driver’s location to name just a few.
There are currently various different forms of car insurance to protect the plan holder against costs arising out of damage to the vehicle, damage to property and injury to persons involved in an automobile accident. The various different types of car insurance cover include:
Liability cover which provides payment for damages to other people or to their property in the event of an auto accident and which additionally covers any court costs involved. In a number of states liability cover is the absolute minimum of cover required before you are permitted to drive an automobile on public roads.
Collision cover which is designed to pay for damages to your own vehicle during a collision with another car or other object.
Comprehensive cover which provides payment for various types of damage including theft, fire, vandalism and extreme weather conditions.
Medical cover which will pay for medical expenses for injuries resulting from an automobile accident.
PIP (Personal Injury Protection) cover which is designed to pay for medical expenses when an injury is sustained during an auto accident, regardless of whose fault it is.
Uninsured and under-insured cover which provides payment for damages sustained to you if the other driver in a car accident has no insurance.
Every state draws up its own set of rules governing car insurance and some kinds of insurance cover are mandatory in a particular state while others are optional. For example, some states only require you to have liability insurance while other states require you to have personal injury protection insurance cover.
Additionally there are several states which are known as ‘no-fault’ states where policy holders can recover any financial losses from their own insurer, irrespective of who is found to be at fault in a car accident.
Ensure that you have the right form of car insurance by letting the experts provide you with a free and no-obligation cheap car insurance quote today.
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