There are more drivers on the road each year. This could lead to a higher possibility of a car accident for you and your family. The difference between a small aggravation and large obstacle can be the car insurance you own. So how can you figure out what insurance you need and how much you should buy? Mandated coverage varies by state/province but usually includes the following: Liability: This kind of insurance coverage can pay for the damage that you have caused. These damages may include personal injury, and property damage. Bodily injury damages include medical expenses, and lost wages. Property damage includes damaged property or loss of use of property. If you are sued, this type of insurance can pay for your legal fees. Recommended, higher levels of liability insurance can be purchased that cover more events than the stripped-down, state-mandated varieties. Personal Injury Protection: This type of insurance pays for all medical treatment for you and your passengers, no matter who was at fault in the crash. It is required in some states and optional in others. It can also cover lost wages, service replacement and funeral expenses. Local law usually sets minimum amounts. Medical Payments: Medical payment coverage is available in non-no-fault states; it pays regardless of who carries responsibility for a collision. All necessary medical or funeral expenses will be covered under this type of policy. Collision: This pays for damages to your vehicle caused by a collision. Comprehensive: This kind of insurance covers all damages not caused by a collision. This could include flood damage, vandalism, and theft. Uninsured Motorist: This pays for repair and replacement costs when someone with insurance is in an accident caused by another person who does not have liability insurance or by a hit-and-run driver. Under-Insured Motorist: There are other drivers who have liability insurance that can't cover all the expenses they are supposed to take care of. Under-insured motorist coverage protects you in accidents involving those drivers. Other policies, including car rental, are also available. Your car insurance payments vary by company and will depend on multiple factors, including: *Your selected coverage *Your vehicle's make and model * Whether or not you have been in an accident * Your age, gender and marital status * The place where you live Many people think of car insurance as a necessary evil, but it can rescue your finances. Review your needs, research your options, and with the guidance of your insurance agency, choose the option that best suits you. State Farm Agent Clermont
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