What Type of Car Insurance Should I Buy?

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Shopping for a better auto insurance

How to buy a car insurance is not an interesting topic, but it is an important complement to discuss. Most of us do not like to spend our hard earned dollars on auto insurance (or ANY other type of insurance, for that matter), so we usually buy the cheapest insurance we can find. Sounds like you? But it is the best decision?

Most of us are not expected to cause an accident, or participated. AsThe lawyer who thought that has helped thousands of accident victims, "It will never happen to me," there are different types of reporting requirements, you should buy a car insurance.

or "injury". Most states require you to wear this "insurance". The minimum is usually required by law only $ 15,000 per person / $ 30.00 per event. This means that if you cause an accident, the maximum amount an injured person can receive fromInsurance is only $ 15,000, and only a $ 30,000 per incident - although wounding 30 people! If this is not enough money to meet the injured - you get the rest out of pocket to pay or file bankruptcy. There is also the minimum level of $ 10,000 damage (when is the last time I saw a new machine that cost less than $ 10,000?)

Over the years many clients have told me that they are "full coverage." Almost always, this means that onlycarried the minimum coverage the state required.

o Underinsured/Uninsured Motorist. When the at-fault party has no insurance ("uninsured") or does not have enough coverage (underinsured) to pay for your injuries, you can stack this coverage on top of theirs. Using this insurance DOES NOT affect your insurance rates in states like Nevada. In many states, insurance companies must offer this coverage when you first buy insurance from them.

o Med Pay. This covers your medical bills up to a certain amount if you are injured in an accident. This is very important, especially if you do not have health insurance. In some states, insurance companies must also offer this coverage, even though you can choose not to buy it.

o Rental Car. If your car is not operational after an accident, this coverage pays for a rental car, typically for 30 days. This coverage is very important if you do not have a back-up vehicle to rely on while your car is in the repair shop. If you are not at least 25, I would not worry about paying for this coverage, since most rental car agreements I have seen require that the driver be at least 25 years old.

o Towing. Towing coverage pays for the cost of towing your vehicle if your care breaks down or is otherwise not operational.

For only a few dollars more per month, you can usually add these additional coverages. Do yourself a favor and compare the "cheapest"

See Also : Hipmore Ferret chicago personal injury lawyer