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Car Insurance Made Easy 

The world of car insurance can be confusing and even slightly intimidating. In addition to the jargon and technical language of insurance policies, the number of insurance providers and policies available to you does not help to clarify the choices you should make. A basic understanding of the different types of coverage available to you should enable you to define what your coverage needs will be. 

Liability insurance is the most common form of coverage. Right now forty seven states in the country require a motorist to maintain some monetary minimum of this type of insurance. If you are involved in a collision in which you are at fault, liability insurance will provide for the medical expenses and property damage repair costs incurred by other parties involved in the accident. The maximum amount of money your insurance company will pay is set by the monetary limits you chose when you purchased your policy. However, if the amount of coverage you have does not provide for the full amount of the other parties' costs associated with the accident, you will be held liable for the remainder of the balance.

It is important for you to know that liability insurance will not assist you in with any expenses you may have as a result of the accident.  It is only set up to help other drivers and passengers. In order to protect yourself, you have to turn to collision insurance. Collision insurance is another common form of coverage. If your car is involved in an accident, collision insurance will assist in the repair cost to your car for the damage incurred on your vehicle, despite who may be at fault. You are required to maintain this form of coverage on any car that you may own that has an outstanding balance on it. This gives lenders protection for their automobile while it is still partially in their ownership. Should they have to repossess the car, they want to make sure it remains intact.

When purchasing collision insurance, you must select a deductible amount. A deductible is the amount of money you must pay upfront before the repairs on your car will commence. If you choose a high deductible on your policy, you will have lower insurance rates. However, if you elect to do this, make certain that you will have the amount of your deductible readily available should you ever need it.

Comprehensive insurance is a common form of optional coverage. It will assist you in the cost of repairs to your car in the event that it incurs damages from something other than an accident. This can include crime or an act of nature. The coverage also offers protection in the event that your car should suffer damages in striking an animal. There is usually a deductible associated with comprehensive insurance as well.  

Uninsured motorist protection and personal injury protection insurance may be required by law if you live in a state that operates under a no fault policy when dealing with automobile collisions. Uninsured motorist insurance provides protection in the event that you are struck by a driver with no insurance or who has insurance that does not meet your state's requirements. This is often combined with underinsured motorist insurance to allot for people who have some form of coverage but not enough to pay for the entire accident.

Personal injury protection assists you in paying for any medical expenses you or your passengers may incur in an accident up to a specified dollar amount. Because most motorists are covered by comprehensive health policies, many do not elect to purchase more than the required minimum amount of coverage for PIP.

The insurance that you need depends on the state you reside in and your protection requirements as a whole. Educate yourself on the minimum coverage mandated by your state, and be sure to purchase a policy that fits within those guidelines.  



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