Driving is inherently risky. On average, there are over 6 million car accidents in the United States each year. There is a good chance that even the safest of drivers could be involved in an auto accident. Whether it is a fender bender or something more serious, making sure you have a comprehensive car insurance policy may ultimately save you thousands of dollars in medical bills and repair costs.
Types of Auto Coverage
- Liability Insurance – Almost all states require drivers to have liability insurance. If you are in an accident, this type of coverage pays the costs associated with the repair or replacement of damaged property. Additionally, it covers medical bills from any resulting injuries. Liability coverage has limits; consider excess liability/umbrella insurance as supplemental coverage that will pick up where your basic liability policy leaves off.
- Collision Coverage – Liability insurance pays for injuries caused to another person and for damages caused to another person’s property. However, it does not reimburse you for damage caused to your own car. Collison coverage takes care of the hefty auto repair costs that are often the result of even small accidents.
- Personal Injury Protection – This type of coverage is specifically designed to cover the medical costs of you and your passengers in the event of an accident.
- Uninsured Motorist Protection – The unfortunate truth is that not all drivers are as responsible as you are. While all drivers are legally required to have basic liability insurance, you could be left responsible for associated costs if you’re in an accident with a driver who isn’t properly insured. Uninsured motorist protection is generally inexpensive and could ultimately make a big difference in the event of an accident.
Not Just for Cars
If your preferred mode of transportation is a motorcycle, recreational vehicle, truck or van, then you still need auto insurance. However, the types of coverage you need for your RV, bike or truck are different than what you’d need for a sedan or sports car. Contact The SIG Insurance Agencies at 866-FIND-SIG for more information about the specific types of coverage you may need.