Resolve On What Kind of Car Insurance Do I Need
The main aim of taking a car insurance is to save the driver against unexpected huge financial loss that he may have to bear, in case of a road accident, mainly if he is found to be at fault. So the coverage of his auto insurance should be chosen wisely, so that he can be saved from this huge financial burden. Moreover, the amount of car insurance coverage differs from one US State to another. Thus, it is better for the driver to consult an efficient insurance agent and ask him ‘what kind of car insurance do I need’.
Necessary coverage that should be included in a car insurance
Liability insurance – Every driver needs a minimum amount of liability coverage, which will compensate the bodily injury of the passengers of the other car and the repairing cost for the damages of the other vehicle. Usually, it is designed in 3 main components; namely bodily injury coverage per person, bodily injury coverage per accident and property damage coverage per accident. This insurance coverage protects the assets of the insured person as well.
Personal injury protection – This coverage should be included separately into the car insurance, mainly if the health insurance of the driver does not have enough accidental coverage. This insurance coverage is meant for taking care of all the medical expenses of the driver and his co-passengers, as well as compensate for the lost wages of the insured person.
Uninsured/ underinsured motorist coverage – This insurance coverage is essential in most of the US states, where the insured driver is protected from financial loss, if his car collides with the car of an uninsured driver, who will not be able to compensate his physical injuries or the damages of his car. The amount of this coverage is expected to be the same as the Liability coverage, so that the driver can be ensured about getting financial help for meeting his accident-related expenses too.
Collision coverage – This insurance coverage is meant to provide enough money for repairing the damaged vehicle of the insured driver. In case of a new car, it is best to keep the amount of coverage to be the same or a bit more than the purchase price of the car; so that the insurance company may offer the full price of the car, if it damaged beyond repair.
Comprehensive coverage – If the car is damaged by any weather calamity or by any other unexpected cause, except road accident; then this insurance coverage proves to be highly useful for the insured driver, as it pays fully for the repair of the damages occurred to the car. In cases of car thefts too, this coverage come into use, to replace with a new car. So the premium of this coverage is lower, if the car has got proper anti-theft devices installed in it. This coverage is not mandatory for a car insurance, but it is preferred due to its useful features.
So a typical car insurance should be the perfect combination of all these coverage, providing the answer to the common question of the drivers, as to ‘what kind of car insurance do I need’.
Other post you may be interested in reading: Get Idea about How Much Is Car Insurance for a New Driver and Best Features of the Good Car Insurance for Young Adults.