There is no “one size fits all” for car insurance. Generally, people tend to opt for the “state minimum” for car insurance because it is the cheapest coverage available. However, this insurance only covers damage caused by a collision to the car, not other types of damage or loss. Furthermore, it may only cover slight collisions and be insufficient to cover catastrophic accidents, the kind which lead to severe spinal injuries and brain trauma.
What Does My Car Insurance Cover?
Most people want “full coverage” that protects their vehicle against all forms of damage. However, the name for this coverage varies from state to state. In some states it is ‘full tort coverage,’ while in other states it is called ‘comprehensive.’
‘Full coverage’ is actually a misnomer; even within traditional full coverage insurance, there are many different types of coverage, and many optional amounts of each.
What Types of Car Insurance Should I Consider?
Don’t wait until you are injured in a car accident; check your policy to see what kind of coverage you have. Consider adding one or more of the following coverages to your policy if yours does not already include them:
Unfortunately, we see cases every day where people are seriously injured in motor vehicle accidents and do not have sufficient insurance coverage. If you have been harmed in an accident, speak to our lawyers before you agree to any amount from an insurance company to ensure you receive the maximum amount of compensation allowed under your policy and the law.
Did You Know? On average, auto insurance rates dropped from $799 in 2007 to $797 in 2011, according to the Insurance Information Institute.
Koonz, McKenney, Johnson, DePaolis & Lightfoot, L.L.P.