The Cost of Car Insurance

THE COST OF CAR INSUPANCE Liability insurance is like mafia protection. It's a pain in the neck, it's expensive and you'd rather forget you needed it in the first place. But when you find yourself in a jam, you'll be glad you had it. And in the United States, it's required if you want to get anywhere on wheels. But how much is required varies from state to state. Here are a few more facts about liability insurance. Liability insurance covers the damage you do to someone else in an accident. YOU THEM LIABILITY INSURANCE The coverage is expressed in 3 numbers. For example, 20/40/10 would mean: $20,000 $40,000 BODILY INJURY $10,000 BODILY INJURY COVERAGE PROPERTY DAMAGE COVERAGE COVERAGE PER PERSON PER ACCIDENT PER ACCIDENT Bodily Injury covers medical bills and lost wages caused by your accident. Property Damage covers the repair and replacement of the the other person's property. But if the damage exceeds your coverage, you can be sued for the remainder. Every state has different liability requirements. Mtt THE HIGHEST NORTH CAROLINA ALAŞKA MAINE 50/100/25 50/100/25 30/60/25 THE LOWEST MISSISSIPPI FLORIDA LOUISIANA OKLAHOMA 10/20/5 10/20/10 10/20/10 10/20/10 If you want an insurance policy that will also cover damage to your own car, you'll want to add Collision and Comprehensive coverage to your package. THIS WOULD ALSO PROTECT YOUR CAR IF IT IS STOLEN, HITS AN ANIMAL OR SUFFERS FROM SOME OTHER ACT OF NATURE. AND IF THE DAMAGE TO YOUR CAR EXCEEDS 70% OF THE VALUE OF THE VEHICLE, YOUR CAR WILL GET TOWED FOR SALVAGE AND YOU'LL GET A CHECK FOR A FRESH START. 16 states require PIP coverage. Personal Injury Protection will pay for your injuries and medical bills if you cause an accident. IT WILL ALSO COVER YOUR PASSENGER'S INJURIES AND BILLS. AND YOUR FUNERAL. Uninsured Motorist Protection is required in 20 states and the District of Columbia. IF SOMEONE DRIVING WITHOUT INSURANCE HITS YOUR CAR, OR IF YOU'RE INVOLVED INA HIT AND RUN ACCIDENT, THIS COVERAGE WOULD TAKE CARE OF YOUR MEDICAL BILLS. NEW JERSEY DETROIT, MICHIGAN MOST EXPENSIVE STATE! MOST EXPENSIVE CITY! Even though Alaska and Maine have the highest liability requirements, New Jersey is actually the most expensive state for insuring a car. Detroit, Michigan is the most expensive city for car insurance. Residents spend an average of $4,759 on premiums every year. A COMBINATION OF DENSE POPULATION, HIGH UNINSURED RATE AND MORE PEOPLE WWHO IN 2007, NEW JERSEY RESIDENTS SPENT AN AVERAGE OF $1,104 ON CAR INSURANCE, ACTUALLY DRIVE THAN INA CITY LIKE NEW YORK,WHERE PEOPLE ARE MORE APT TO USE PUBLIC TRANSPORTATION, MAKE THE RATES MORE EXPENSIVE. North Dakota residents, on the other hand, only spent an average of $512 on insurance per year. For every $100 earned in premiums by insurance companies, $11 will end up in the hands of lawyers. Sources: http://www.carinsurancerates.com/news/196-new-jersey-has-the-highest-car-insurance- rates-in-the-us-can-anything- be-done.html • http://www.insure.com/car-insurance/basics.html • http://www.i.org/media/facts/statsbyissue/auto/ http://www.carinsurancerates.com/news/136-state-by-state-minimum-car-insurance-requirements.html http://www.carinsurancerates.com/news/189-uninsured-drivers-beware-dont-mess-with-texas.html Design by @jayjaypowpow information provided be: CarlnsuranceQuotes.net