Here are some types of car insurance.
Liability insurance is the cheapest form of insurance. It just covers the others who may have been hurt in the accident- if it is your fault.
Collision insurance helps to cover any damage to your vehicle, no matter who is at fault. Usually you will have a deductible before the insurance company will pay anything.
Comprehensive insurance pays for any damages to your vehicle for reasons other than an accident. This includes fire, theft, storm damage, and more.
Personal Injury Protection, also called PIP, helps to pay for your own expenses, no matter who is at fault for the accident. It helps to pay more than just your medical bills. It can also cover some of your lost wages. If you use your personal injury protection, your insurance should not go up.
Bodily Injury Liability is used when you are injured in an accident that was someone else’s fault. You would use their bodily injury liability insurance, not your own. It helps to pay for your medical expenses, lost wages, and sometimes non-economic damages. These include the pain and suffering that you might be going through.
Uninsured/Underinsured Motorist Coverage is something that you really need to think about having. This will help to cover the expenses of you and your passengers if you are hit by someone whose insurance will not take care of all of your expenses.
It is very important to understand your car insurance so that you can make sure that you have the coverage that you need and want. You should always make sure to have uninsured/underinsured motorist coverage in the event that you are in an accident with someone who doesn’t have the insurance to cover your expenses.
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