Types of Auto Insurance Coverage Explained

 A question you might ask yourself is: why must we carry auto insurance? Hopefully one answer you should hear is to protect yourself and your car. For those same reasons the government also requires you to have car insurance.

The state of Florida requires you to carry at least the minimum requirements, which is property damage at ten thousand dollars and personal injury protection at ten thousand dollars. Property damage covers another person's vehicle if you are at fault in an accident. Personal injury protection covers 80 percent of medical expenses and 60 percent of loss wages as well as up to a five thousand dollar death benefit for you and your relatives (that reside with you), minus the deductible if it applies. This coverage would protect you in case there is any damage to other vehicles and gives you medical coverage for yourself.

There are many different types of auto insurance coverage to choose from, depending on what you want covered and what you can afford. Where should you get started?

First you should ask yourself if you have enough coverage in case of an incident occurring. Besides the minimum requirement coverage previously mentioned, there is another type of coverage that is very important, bodily injury.

Bodily injury coverage is not required by the state of Florida until you get into an auto accident. This would cover you if you were at fault in an accident and the person in the other vehicle suffered injuries exceeding their personal injury coverage. If you did not have this coverage the other party has the right to sue and the state may place a financial responsibility on your motor vehicle report, which you would have to carry for 3 years. That financial responsibility is called an SR22.

Uninsured motorist is another coverage you may want to consider. Uninsured motorist covers you if the other party was at fault and you were injured (exceeding your personal injury coverage) and they did not have bodily injury coverage. You may use this coverage to cover the difference of your injuries.

Where does you car fit for injury theft and collision? What about your dream car? Take a look at this run down based on 2000-2002 HLDI data:

There are two more very important types of coverage that you might want to explore they are: comprehensive and collision.

Comprehensive coverage would cover your vehicle in the event of fire, theft, vandalism, hail storm damage or any natural causes minus the deductible you agreed upon when purchasing your insurance.

Collision coverage would cover physical damage to your vehicle, if you were at fault in the accident, minus the deductible. The insurance company would pay the actual cash value of your vehicle. If your vehicle is financed comprehensive and collision coverage are possibly are required by your lending institution.

Extra medical payment coverage can also be provided if you are interested and the list goes on. All types of coverage are important but the reality of it is, what we can afford? Keep in mind your life and your family is very important so having insurance should be one of your main priorities.

With the web easily accessible you have a vast amount of knowledge at your fingertips to help you choose the best coverage for you and your lifestyle. Life is too short, get good advice and get the right insurance coverage for you and your family.

Visit http://www.carinsurance.com For Auto Insurance Quotes

About the Author

Belinda Ramos is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728.

Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online...anytime!

 Belinda Ramos

More Articles 

Car insurance - Jakob Jelling
Driving without car insurance is illegal in most parts of the world! Car insurance is one of the most important types of insurance that you can get. If you are going to drive anywhere, then you are most likely required by law to have at least a...

Title Insurance - Examples of Problems and Advice - Raynor James
What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesn't the attorney or settlement company handling the closing see to it that...

Why you need house insurance - Jason Hulott
House insurance is among the most important insurances you can get - and in the case of buildings insurance, most mortgage lenders make it compulsory. This is because your home is your biggest asset and if you lose it because of fire, flood or...

No Fault Insurance - Paul Forcey
If you live in one of the twelve states (DC, FL, HI, KS, KY, MA, MI, MN, NJ, NY, ND, PA, UT) that are under a non-fault auto insurance system, you can cause an accident, yet your insurance company won’t pay for the other parties’ damages. This...

What is Auto Insurance Really All About? - Tim Gorman
Auto insurance is an agreement between you and your insurance company where you arrange to pay a premium in an exchange for the peace of mind that your insurance agency will pay for vehicle related financial losses during the duration of the policy....

Employment insurance - Jakob Jelling
Employment insurance will help you keep from going bankrupt if you lose your job! If you live in Canada, then you might want to think about employment insurance. Essentially, employment insurance is just a way for you to insure your income in the...

Guide to Life Insurance Terms - John Mussi
Listed below is a useful guide to life insurance terms. It is a list of definitions of life insurance terms that may or may not be familiar to you. Accelerated Benefit Provision A provision in many new policies which will allow the policy owner...

Health Insurance: How to Apply - Ron King
If you're wondering how to apply for health insurance, be aware that application is the second step of the process -- after you've researched different policies and compared prices and benefits. Whether you apply online or off will depend on your...

So What's Life Insurance All About? - Jason Hulott
LIFE ASSURANCE Life insurance (also called Life Assurance) is a way of financially protecting your family should you die. The most frequent reasons people take out life cover are to pay off debts upon their death - such as a mortgage - or to...

Cat insurance - Jakob Jelling
Cat insurance can help you afford expensive medications for your cat. There are a lot of things that can happen to your cat as it gets older - from injuries to illnesses. For that reason, many cat owners have found it worthwhile to pay for cat...

Why Does Health Insurance Cost So Much? - Michael Ertel
Why does health insurance cost so much? Year after year, many of the articles that appear in print detail the specific factors driving the cost of healthcare. These factors include: general inflation, advances in drugs and other medical devices,...

The importance of getting more than one home insurance quote - Jason Hulott
If your household insurance policy is coming up to renewal, don't automatically accept that your current insurer is offering you the best deal there is. The truth is, you could save money simply by shopping around and getting more than one home...