In all 50 states, except New Hampshire, drivers must have minimum amounts of liability insurance coverage. This includes both bodily injury liability coverage and property damage liability coverage. When an insurance company declares that a car is a total loss, it typically issues a check for its current market value. Depending on your state's minimum requirements, you may also have to carry protection against personal injury and an uninsured driver.
Rideshare insurance is a smart choice (often a mandatory option) if you're driving on a rideshare platform like Uber or Lyft. If you have health insurance, it might be worth getting enough coverage to pay your health plan's deductible. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. The most common types of auto insurance coverage include liability, collision, personal injury protection, uninsured or underinsured motorists, comprehensive payments, and medical.
However, it's a good idea to get several quotes from different insurers so that you can compare prices and coverage options. If you have a car accident, you should ensure that your insurance company will make the insurance claim process as simple as possible. But how can you tell how much protection you need? The key is to understand what coverage your state or your lender requires, as well as how much you should protect if you are responsible if you are responsible in an accident or if something happens to you and your property. For example, if you need your car insurance rate to fit a specific budget, the best car insurance company may offer you the cheapest rates with the best coverage.
Except for New Hampshire and Virginia, all states require licensed drivers to maintain liability coverage. If you already have health insurance or other insurance policies that cover the same expenses as the PIP, your state's minimum levels of coverage may be sufficient. Drive with peace of mind by comparing insurance companies and finding the right policy for you. In addition, you may want to consider if you want full coverage to avoid additional expenses that exceed the limits of your coverage.
As for liability coverage, most insurance professionals recommend buying limits higher than state minimum levels to protect yourself from financial hardship in the event of an at-fault accident.