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Getting Car Insurance in Montana

Like finding Mississippi auto insurance, getting car insurance in Montana is important for every driver and auto owner, since car insurance is required by Montana state law. Auto insurance is something that no one should do without, no matter what our economic circumstances might be. The protection afforded by a good auto insurance plan is a tremendous asset for drivers. We need the assurance of knowing we are covered in the event of an accident. And we can have that assurance for a relatively small cost.

Understanding what is required for every driver in the state, as well as what is expected out of all insurers, can help you to put together a policy that makes sense for you and for your family. Experts in the industry consistently make the same recommendation for drivers: buy as much auto insurance as you can afford. Just because there are legal minimums for auto liability insurance set by the state of Montana does not mean that MT drivers are bound by these minimums only. Of course, with that being said, there are certainly times when financial circumstances require drivers to cut back. So minimum Montana policies are all some folks can afford.

Minimum Montana Auto Insurance Requirements

Liability insurance in the split limit format is required for all motorists registering vehicles in the state of Montana. There are separate limits for bodily injury and property damage liability coverage, and the limits for bodily injury are further divided. For accidents involving only one injured driver or passenger outside your vehicle, the minimum Montana car insurance limit is $25,000 for bodily injury. For multiple injuries, that minimum is $50,000. And for property damage liability, Montana auto insurance policies must have at least $10,000 in coverage [1]. Again, these are only minimum standards put together by the state legislature and many motorists in the state do carry additional liability protection to guard themselves in the event of an accident. It should also be noted that liability insurance does not protect you as a covered motorist against your own losses, either in medical costs or property damage.

Uninsured motorist coverage (UM) is another part of a Montana policy that auto insurance companies are required to include in their proposals for coverage to all prospective policy holders. Consumers in the state are not obligated to carry UM coverage; they are allowed to decline it but there are certain stipulations on how to properly decline uninsured motorist coverage. Get all of the details from your auto insurance company and make the choice for your family.

Uninsured motorist coverage provides the same economic protection against expenses related to bodily injury and property losses that liability policies do. UM plans are in place for cases when an innocent (non liable) driver is hit by another (liable) driver and that liable driver either does not have auto insurance or flees the scene of the accident. Auto insurance companies treat hit and run cases where the fleeing motorist is not caught as uninsured cases, regardless of whether it's adult or teen car insurance.

Additional Montana Auto Coverage Available

Uninsured motorist coverage is just one example of many areas of protection that MT drivers might choose to add to their policies beyond what is required by the state. Two of the most common beyond UM coverage are collision and comprehensive insurance. These are optional as far as the state is concerned, but auto lien holders typically require them to protect their financial stake in a vehicle until it is paid off or (in the case of a lease) returned to the dealership. Collision and comprehensive insurance provide protection for the covered vehicle against property losses, unlike liability insurance which basically protects the other car rather than the insured vehicle.

Collision insurance is very simple to define. It provides financial coverage for the cost of property losses to the vehicle suffered during a collision. It pays out regardless of fault in the accident. If a car is totaled, the owner gets a check for the insurance company's estimate of the market value of the vehicle. Sometimes there are questions about this value and disagreements ensue; there are specific guidelines for dealing with these disagreements including binding arbitration.

Comprehensive insurance basically covers non collision loss events. There are some limitations and exclusions to coverage, which can vary from state to state or company to company. Get to know the specifics of your policy including its limitations and exclusions before you sign on the dotted line. Understand what you are paying for and you will not be surprised when it comes time to file a claim. Comprehensive covers things like animal hits, theft, vandalism, and storm damage.

Getting car insurance in Montana is pretty simple. Getting a good deal requires checking on multiple quotes to assess the local market. Shop online and save more money.

[1] http://www.sao.mt.gov/consumers/2010AutoRateGuide.pdf Retrieved 2010-08-20.

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