Auto Insurance - Why It Is Necessary for You

  Auto Insurance - Why It Is Necessary for You

If you own an automobile, its essential to insure your vehicle. Most of the time an auto is insured at the time of buying vehicle. However the joy of new vehicle is somewhat subdued after paying the high insurance cost. Most of us look at auto insurance as an extra burden loaded on you. But you must understand that its very essential to ensure your and your family's safety. While buying policy most of us overlook for what exactly they are paying. By doing a little research online you can know more about getting cheap auto insurance conveniently.

Auto insurance ensures the maximum financial safety of your vehicle in case of accident. It facilitates financial aid to property and bodily hazards for recovery in case of accidents. An auto insurance can be further broken down into two categories. One is mandatory coverages and other is optional coverages. There are six types of coverages.

The six types of auto insurance are:

* Liability Coverage,

* Collision Coverage,

* Comprehensive Coverage,

* Personal Injury Protection coverage,

* Medical Payments Coverage,

* Uninsured / Under Insured Motorist Coverage.

In case of an accident, liability coverage covers the faulty drivers legal obligation to pay for damages to other car/property. Every state in United States has its own minimum limit of liability coverage. Washington has limits 25/50/10. The first two numbers refers to bodily injury liability limits and the 3rd number refers to the property damage liability limit. The first two numbers in 25/50/20 would mean in an accident each person injured would receive a maximum of up to 25,000 with only 50,000 allowed per accident. The last number refers to the total coverage per accident for property damage which in this case would be 20,000.

Comprehensive coverage covers damages to your car if it is stolen; or damage caused flood, fire, animals or any other applicable conditions.

Collision coverage covers the damages to your car in case of accident.

As the name suggests, personal injury protection coverage pays for medical coverage of the drivers personal and passenger injury. It also pays for various other losses such as wages loss or damage, funeral costs etc.

Medical payments coverage adds an additional help to pay for bodily injury. In no-fault auto insurance states where drivers must carry minimum PIP coverage, the state pays 80 percent of medical costs with drivers left to pay the rest. Medical payments auto insurance helps to pay the difference.

In case of accident, if one drivers holds insufficient or non-existent insurance coverage, in such case the uninsured / under insured motorist coverage kicks in to pay for the cost of damages to property and body.

While most of us don't even try to figure out how you can get maximum benefit at lowest possible cost,they end up paying high cost for their auto insurance. There are many factors that decides your auto insurance rates such as your grades and association with some organizations. You can take benefit of this factors to get Cheap Auto Insurance without spending much of your time.

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