Car insurance protects the policy holder (usually the driver or owner of the car) from monetary loss as a result of a car accident. For this protection the plan holder has to pay a regular premium which varies according to a number of factors like the age of the driver, the type of vehicle, the driver’s history and location to mention a few.
There are presently various different forms of car insurance to protect the policy holder against costs arising out of damage to the vehicle, property damage and injury to persons involved in a vehicular accident. The different types of car insurance cover include:
Liability cover which pays for damages to others or to their property in the event of a car accident and which also meets any court costs involved. In many states liability cover is the bare minimum of cover required before you are allowed to drive an automobile on public roads.
Collision cover which will pay for damage caused to your car in the event of a collision with another vehicle or other object.
Comprehensive cover which provides payment for various different forms of damage including theft, fire, vandalism and damage resulting from severe weather.
Medical cover which is designed to pay for any medical expenses for injuries sustained in an auto accident.
PIP (Personal Injury Protection) cover which provides payment for any medical expenses when an injury is sustained during a car accident, regardless of whose fault it is.
Uninsured and under-insured cover which is designed to pay for any damages sustained to you when the other driver involved in an accident has no insurance.
Every state makes its own rules governing car insurance and some kinds of insurance cover will be mandatory in each state while others will be optional. Some states, for instance, only require you to have liability cover while other states insist upon personal injury protection insurance cover.
Additionally there are several states which are known as ‘no-fault’ states where insurance policy holders are able to recover financial losses from their own insurer, regardless of who is found to be at fault in an auto accident.
Ensure that you are carrying the correct form of car insurance by letting the experts provide you with a free, no-obligation cheap car insurance quote today.