Car insurance is a legal requirement for all drivers. It’s important to know the minimum coverage you need and additional options to protect yourself better. Often, the minimums are not enough to cover serious accidents where injury and hospitalization factor in, so it's better to get more coverage if you are able to.
Minimum Insurance Requirements
The law mandates that drivers carry a minimum amount of car insurance. The minimum coverage includes:
- $30,000 for bodily injury per person
- $60,000 for bodily injury per accident
- $15,000 for property damage.
Basic coverage covers damages and injuries you might cause in an accident. The minimum requirements protect you and other drivers on the road.
Vehicle Sharing
When considering car insurance options, it's important to ensure that your coverage provides adequate protection for everyone who might drive your vehicle. If you have a spouse, children of driving age, or others who might share the use of your car, it's crucial to ensure that your policy covers them as well. Adding these drivers to your insurance can help protect against potential liability if they get into an accident.
Additional Coverage Recommendations
One important option to consider is uninsured/underinsured motorist coverage.This coverage helps protect you if you're involved in an accident with a driver who either doesn't have insurance or doesn't have enough insurance to cover the damages. It also covers a hit-and-run situation where the person liable flees the scene. In this scenario, the victim's insurance could be the only financial recovery they make if authorities do not find the other driver.
Personal Injury Protection (PIP)
Another recommendation is Personal Injury Protection (PIP) coverage. PIP covers medical expenses and lost wages for you and your passengers, regardless of who is at fault in the accident. PIP can be particularly valuable where medical costs can be high.
Understanding Your Coverage Options
Having the right car insurance is crucial for protecting yourself financially if you’re in an accident. Talk to your insurance company to explore options and get comprehensive coverage. Understanding your coverage options can provide greater peace of mind and protection.