Car Insurance Coverageand the Importance of Higher Coverage Amounts
Types of Car Insurance Coverages
Mandatory coverage for property damage and injuries caused by an accident that was your fault
Uninsured/Underinsured Motorist (UI/UM) Coverage
Pays for property damage and injuries in situations where the at-fault driver has too little or no insurance coverage at all, as well as crashes with hit-and-run drivers
Optional overage for damage to your own vehicle
Medical Payments Coverage
Optional liability-neutral coverage for medical expenses after a collision
Optional coverage with a deductible that covers fire, hail, vandalism, and other property damage besides what results from collisions
Towing and Labor Coverage
Optional coverage paired with comprehensive coverage to cover towing, labor, and miscellaneous costs
Why Choose a Higher Coverage Amount?
- Family type, gender, age, educational background, driving history, credit scores, and more impact insurance premiums.
- The right insurance plan is an optimal balance between coverage, premiums, and deductibles.
- Higher coverage amounts are uniquely beneficial, as they protect more types of injuries and damages in case of accident.
- Higher liability limits can help you protect assets if you are liable for a crash.
- UM/UIM coverage with higher limits can play a crucial role if you suffer catastrophic injuries in a crash that was caused by a driver with too little liability coverage, no insurance at all, or by a hit-and-run driver.
- You may be able to purchase significantly more coverage for only a few extra dollars per month.
Car Accidents and the Importance of Insurance
Every U.S. state requires varying degrees and types of car insurance.
Insurance helps protect yourself, others, your vehicle, and other property in case of an accident.