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Types Of Car Insurance For New Drivers

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As a newly licensed driver, you need to choose a car insurance policy that suits you. You may know that most states require drivers to have valid car insurance policies. In many states, you will be required to have a minimum amount of coverage. You can find requirements for your state by searching online. In addition to this minimum coverage, you have additional options for car insurance policies.

Collision Coverage and Comprehensive Coverage

In most states, you are only required to have liability insurance. Liability insurance covers the costs of injuries or damages that you inflict on another driver. Collision insurance covers the cost of your own damage or injuries. Depending on the amount of coverage you obtain, this type of insurance protects you from damages to your car that occur during an accident. If you want to protect your vehicle and avoid high repair costs, these types of coverage are a good option. This is particularly true if you live in a highly populated city with a lot of traffic due to increased accident rates.

Personal Injury Protection or No-Fault Coverage

Personal injury protection (PIP) is a type of coverage that takes care of medical expenses that stem from car accidents. Your medical costs are covered regardless of who caused the accident. PIP insurance gives you the convenience of quickly paying accident related medical fees. You do not have to wait for an accident investigation to be completed. Personal injury protection may also cover lost wages, rehabilitation fees and funeral costs. This type of insurance is commonly called no-fault coverage. This is because some no-fault states require drivers to have this type of coverage. You can look up your state laws or use the Department of Motor Vehicles website to determine if you live in a no-fault state.

Uninsured or Underinsured Driver Coverage

If you are hit by an uninsured driver, your accident related expenses can be very high. You will likely have to foot the bill for your medical expenses, car repairs and similar costs. Uninsured motorist coverage is designed to help with the costs associated with being hit by someone who does not have insurance. The term "underinsured" is used to describe drivers who have coverage, but the coverage is not sufficient enough to fully cover your damages. When you have uninsured or underinsured motorist coverage, you receive financial assistance for accident related expenses. These types of insurance cover both bodily injuries and property damage.

To learn more about car insurance, contact a company like Harris Insurance Services