Financial Security and Your Insurance Policy

You will see more drivers on the road each year. This can lead to a higher possibility of a collision. If you get in a car crash, the car insurance you have can make a big difference in how much you have to pay. But why is insurance necessary and just how much do you need? Car insurance provides you with protection from covering the cost of damage caused to your vehicle or someone else's vehicle and injury to other people, yourself, or passengers in your car, plus certain other situations, such as theft. Your state or province certainly requires some type of car insurance. Electing to drive without insurance could cause you to repair or replace a stolen or damaged vehicle and pay the cost of any damage for which you might be responsible. Liability: Liability pays for expenses due to personal injury and damage to property for which you are responsible. If you are sued, this type of insurance will pay for your legal fees. Local laws usually mandate standard amounts, but higher amounts are available and very beneficial. Personal Injury Protection: This is mandated in some states and is optional in others. Sometimes referred to as no-fault coverage, this pays the medical treatment for you or your passengers regardless of who was at fault. It can also cover lost earnings, replacement of services and funeral expenses. Local law usually sets minimum amounts. Medical Payments: This type of coverage can be purchased in non-no-fault states and will pay regardless of who is responsible for an accident. It pays for an insured person's necessary medical and funeral expenses resulting from an accident. Collision: This pays for damages to your vehicle caused by an accident. Comprehensive: Cover your vehicle from all non-collision damages when you buy this type of insurance. This may include protection from theft, vandalism, and fire or flood damage. Uninsured Motorist: If you are in an accident with an uninsured driver, this type of insurance will make sure you are covered. Under-Insured Motorist: Similar to uninsured coverage, this type of insurance protects you against people driving without sufficient insurance protection. Emergency road service, car rental, and other varieties of coverage can also be purchased. Your car insurance payments vary by company and will depend on several factors, including: *Your desired coverage *Your vehicle's make and model * Your driving record * Your age, gender and marital status * Where you live Don't wait around to buy car insurance; you should never drive a car without it. Evaluate your needs, do your research , and with the guidance of your insurance agency, make the decision that best suits you. State Farm Agent Clermont