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Auto Insurance Coverage Terms | Insurance rates and quotes ...
Auto Insurance Coverage Terms
How exactly does the medical payments coverage section of your auto insurance policy work? What does the medical payments cover and not cover? How does the medical payments coverage coordinate benefits with your health insurance policy?
Automobile insurance is necessary if you want to operate a motor vehicle in every state of the United States. Because the need for insurance varies from person to person, automobile insurance and its rates can be very different depending on the type and amount of coverage that you decide to purchase. Usually, people that own new models in cars would be required to pay a higher rate due to the fact that the car can be more expensive to fix in case of an accident, while people that own old cars usually only get the minimum coverage that the state requires. Although most people think of automobile insurance as covering the car and allowing them to get their car fixed in case of an unfortunate accident, it is important to highlight that car insurance policies in all the states also require you to have a minimum medical insurance coverage (even if you have health insurance).
This is very common due to the fact that Americans and cars do not mix well together. In 2005 there were an estimated 6,420,000 automobile accidents in the Unites States. Out of these disastrous car accidents, 2.9 million people were injured and approximately 42,636 people killed. Statistics are assumed to only get worse through 2006 and what has gone by of 2007 because more and more Americans are hitting the roads making automobiles a necessity in this country. Overall there are an estimated 243,023,485 automobiles in the United States which makes this country the highest vehicle market in the whole world.
Although some people may argue that they do not need medical coverage within their automobile insurance policies, the fact of the matter is that it’s required by every single state in the nation. All of the states require the driver to purchase a minimum amount of Personal Injury Liability and Property Damage, but what some states are missing is making the Bodily injury Liability (the coverage that doesn’t protect you, but the other party involved in the accident) a required one. An example of the states that do not make the Bodily Injury Mandatory is the state of Florida. Because of this lack of regulations, residents of this state are subject to high risk of subrogation in the case that they do not have Bodily Injury and the accident is their fault.
...Online Auto Insurance Advises Californians to Consider Higher Coverage Limits
Online Auto Insurance Advises Californians to Consider Higher Coverage LimitsWith the high cost of automobile repair and medical care, the state’s minimum auto insurance requirements may not be sufficient.
Los Angeles, CA ( PRWEB ) December 23, 2009 -- The minimum requirements for the state of California is among some of the lowest across the nation; OnlineAutoInsurance.com would like to advise motorists to consider purchasing higher limits than what is required to better protect themselves and their assets. By taking some time to compare rates from various companies based on more extensive coverage, Californians may be able to get more protection at an affordable rate.
Currently the state California auto insurance laws require drivers to carry liability limits in the amounts of $15,000 for bodily injury to one person, $30,000 for bodily injury for two or more people and $5,000 for property damage. These requirements must be in effect in order operate a vehicle legally and to maintain registration. Consumers should be aware that these limits can easily be exhausted as a result expenses arising from certain traffic accidents.
18. How much auto insurance coverage should drivers carry?
a. Under Indiana law, every vehicle must carry a minimum of $25000 liability insurance coverage per person and $50000 per accident. In addition ...
Minimum Coverage Auto Insurance- News
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Online Auto Insurance Advises Californians to Consider Higher Coverage Limits With the high cost of automobile repair and medical care, the state's minimum auto insurance requirements may not be sufficient. Auto Insurance Requirements Expected to Increase in 2010all 8 news articles » |
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