Although auto insurance cannot protect you from accidents it can assist you in managing heavy expenses. For instance, the cost of repairing your vehicle, medical bills payment, etc.
If you live in a high hurricane-risk area, you must protect your vehicles. Hence, it is ideal to have car insurance. If you need extreme vehicle protection, this article is for you.
1. Collision Insurance
You must take this insurance if you have a leased or financed car. Although this insurance is not mandatory, if you own a vehicle you must go for it. It covers the repair costs and even the replacement of your vehicle if you hit any car or get hit by another car.
You should consider taking collision insurance because it covers all the costs regardless of who was at fault. It covers all the damages if you accidentally hit a building or fence.
If your vehicle hits a pole or gets damaged due to any object, this insurance will help you cover all the costs.
In addition, if your vehicle gets vandalized, damaged due to natural disasters, or stolen, your collision coverage will apply in such circumstances.
2. Liability Insurance
There’s a saying, “Protect yourself from other people’s mistakes while driving.” This means the chance of you getting into an accident is always there no matter what. Hence, you should always be on guard if you intend to drive in crowded areas.
On the other hand, you can cause accidents too. Imagine if you caused an accident and you hurt the driver of the other car or damaged his/her vehicle. Liability insurance covers you in all such cases.
No matter what vehicle you drive, there’s always a chance of you causing an accident.
There are two types of Liability Insurance:
- Bodily Injury Liability (BI), and
- Property Damage Liability (PD).
As the name suggests, both of them have certain purposes.
Bodily Injury Liability (BI)
This liability coverage will help you if you injure the other driver or passengers physically in an accident. It is limited to “bodily injuries” and covers all the medical bills no matter how big or small they are.
Property Damage Liability (PD)
If you damage any property, it could be another driver’s vehicle, mailboxes, buildings, etc., your insurance will cover all the cost.
If you have a PD, you can travel anywhere stress-free.
3. Personal Injury Protection (PIP)
You will find Personal Injury Protection (PIP) with many names. MedPay, medical payment coverage, and no-fault insurance are all Personal Injury Protection (PIP). It is optional in some states, while most states consider having PIP insurance mandatory.
It will cover all the medical bills, hospital visit costs, etc., regardless of who was at fault. It will also cover that cost if you hit any vehicle and injure the other car’s passengers.
Other than that, if the other driver is at fault and injures you or any person in the driving seat, the medical bills will be covered by Personal Injury Protection insurance. It goes to various lengths and even covers the funeral costs if someone dies during the accident, child care costs, etc.
It is compulsory to have this insurance in 17 states by law since it covers all the direct and indirect expenses of the policyholder due to the accident.
4. Comprehensive Insurance
As the name suggests, comprehensive insurance is an extended form of collision insurance. As a driver, you must know that your car can face many damages other than those caused by accidents. Comprehensive insurance is an antidote to all the other problems.
If your car gets stolen, this insurance will reimburse your loss. Not only this, in case of hurricanes, windstorms, floods, or even earthquakes, your insurance policy will help you manage your financial losses.
Apart from this, if your vehicle is severely damaged due to an accident or explosion, this insurance will cover you. If any animal hits your car, the insurance will cover these damages, too.
Generally, there is some amount, i.e., deductible, that you must pay to take Comprehensive insurance. You pay the deductible before your vehicle gets to use any amount of insurance if it gets damaged. You have to pay the deductible in collision as well as comprehensive insurance.
5. Uninsured/Underinsured Motorist Coverage
According to the research by the Insurance Research Council in 2024, a maximum number of drivers don’t have car insurance. These drivers are called uninsured motorists. If you get hit by any uninsured motorist, your uninsured motorist coverage helps you pay your medical bills and cover the repair cost of your vehicle. Due to the high number of uninsured vehicles, this insurance is essential for drivers of all states.
Similarly, some drivers’ insurance limits are too low, and they aren’t able to pay for the losses they caused you. These are called uninsured motorists. If your car gets hit by any such driver, your underinsured motorist coverage will pay for the rest of the expenses.
These insurance policies for uninsured/underinsured motorist coverage are not mandatory in all states. Around 20 states of the US do consider it one of the most important insurances for all automobile holders.
If you are looking for insurance that is perfect for your car, you need to do two things. Firstly, look around and think. Secondly, sit back and ask a professional. When you think wisely, you will see that there’s no 100% suitable insurance; it all depends on your area, the way you drive, and how much your wallet permits you to have.
Patience Noah Insurance is one of the finest names in the market. You are at the right destination if you need an earthquake warrior, car flood guard, and medical cost savior, with expert assistance and pocket-friendly rates.
If you need car flood protection, homeowner insurance, renters insurance, liability coverage, etc., Patience Noah Insurance is an ideal place to get the most suitable insurance. You can get a free quote now by contacting us today.