Trying to figure out the best car insurance coverage for your needs can be a bit overwhelming. You may be asking yourself many questions about what kind of coverage your state requires, how do you know what to get, and if you can save any money on your car insurance. Below, we’ve outlined five different types of coverage that may not be required, but you should consider getting anyway.
Liability coverage is insurance protects the person that you hit if it is determined that the accident was your fault. It covers the cost to repair any property damage that may have been as a result of the crash along with any medical bills that the other driver sustained. Most states have a minimum amount of coverage that is legally required, according to Kelly Blue Book. Having liability insurance that is higher than your state’s minimum is a good idea to provide extra protection if you are found at fault.
If you are in an accident that is covered, collision coverage for your dodge ram will pay for the repairs to your car. If your vehicle is totaled in the crash, having collision coverage will reimburse you for the value of your car. If you drive an older car, collision coverage may not be worth getting. Unfortunately, if you are paying a loan on the vehicle, this coverage is required, whether you feel you need it or not.
If something happens to your car that isn’t related to an accident, like weather damage, or your car is stolen, comprehensive, unlike liability and collision insurance, will cover the costs of the repairs. This is the kind of protection that you should get if you can afford it. Adding anti-theft and tracking devices to your car can make this coverage more affordable. If you opt to get comprehensive coverage on your vehicle, you can skip the collision insurance according to the experts at Edmunds.
Personal Injury Protection
Personal injury protection is something, unlike comprehensive insurance, that you should purchase. This type of insurance will help you cover the rising costs associated with an accident. Having this coverage will ensure that your medical bills, along with those of any passengers, is paid for, no matter who is at fault for the accident. Unfortunately, this coverage isn’t available in every state, so you will have to check with your insurance agent to see if you can add this to your policy.
Uninsured/Underinsured Driver Protection
Even though state laws mandate that all drivers are required to have auto insurance, there are unfortunately too many drivers on the road that chose not to get coverage, or they may not have enough insurance to cover the damages caused by an accident. This is where uninsured/underinsured driver protection comes in. If you are involved in a crash that wasn’t your fault, and the driver doesn’t have insurance, this insurance will cover the cost of the damages.
Buying car insurance can be a challenging endeavor. With so many options and different coverages, it can be hard to determine what you should get. To ensure that you get the best coverage for your situation, call your local insurance agent and discuss all your options.