Auto insurance is required on vehicles in most states, most states require you have some kind of minimum coverage on your vehicle.  Automobile accidents account for billions of dollars in damages per year and the insurance provided by an automobile insurance company helps protect the average consumer from major financial loss resulting from these accidental mishaps.

There are a number of basic kinds of insurance your automobile insurance company can offer you, and these include:

1.)    Personal Injury Liability – In the case of an accident this option will pay for lawyer fees and any claims that occur against you if you were the reason for injuring someone with your car.  This covers other members who live in your household or anyone driving your car as long as they had your permission.

2.)    Property Damage Liability – Again, this choice pays for legal fees and claims if your car inflicts damage on another person’s car or property.  You are excluded from this option as your automobile insurance company will explain that this will not cover damages done to your own car.

3.)    Medical Bills or Personal Injury Protection – This option will pay for the medical expenses that have resulted in a car accident for not only yourself but for the people riding in the car with you.  This will also cover medical bills for you or your immediate family members if you have been harmed during a walk by another vehicle.

4.)    Collision – This selection will pay for any repairs needed that are the results of an accident or by a foreign object wrecking damage on your vehicle.  This option does not take into consideration whose fault it is.

5.)    Comprehensive – This choice offered by your automobile insurance company includes any physical damage done to your car by the weather, vandalism, or any number of other factors that can inflict damage on your car’s physical body.

Filed under: Auto Insurance Companies

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