Buying a car is one of the most important and expensive purchases we make in our lives. Finding a car that is the right fit for your life can take a lot of time and effort. Whether it’s finding a truck that will load all your equipment or an SUV that has enough room for all the kids, buying an automobile is a big deal. If purchasing a new vehicle is so important then car insurance falls into the same boat, right? Believe it or not many people settle for the bare minimum when it comes to coverage. Every state has its own basic coverage. Many people believe this will be enough. However, when you take into consideration how easy it is for damage to occur to your new car, you might think differently. Get ready to dive into what you really need to know about car insurance.
What Is The Minimum Coverage?
As stated, every state is different. For Pennsylvania, the minimum can be broken down into three categories. They are:
- $15,000 per injury per person
- $30,000 total injury
- $5,000 property damage
Now, this might sound like more than enough coverage. However, the costs of accidents and injuries can quickly surpass these amounts. While some people might get by with the basic coverage, others will not be as lucky. For instance, if the driver is involved in a collision with multiple drivers the cost of injuries can escalate. If the amount of the total injury exceeds $30,000, you are responsible for the difference. It doesn’t matter if the difference is small or large you are still responsible to pay that amount. So, if the total injuries are $40,000 you would have to pay the $10,000 out of pocket. For most people, that’s a financial burden that could really complicate their lives. The good news, it doesn’t have to work this way. That’s because additional policies can be taken out to prevent these very real issues from occurring. State minimums for Maryland, Missouri, Ohio, Texas, and Virginia click here.
What Additional Policies Can I Take Out?
Additional policies serve as extra protection. Now, we understand paying for protection for an accident that might never happen sounds a little redundant. The thing to keep in mind is that accidents happen all the time and can never be planned for. That’s why they are called accidents! A person could be the best driver in the world, but they have to share the road with the worst driver too. You can control your actions. You cannot control the actions of others. It’s better to be safe than sorry. Paying a little extra for policies sounds like a better deal than paying thousands of dollars in the event of an accident. So, what policies are out there and what do they cover? Here are two common policies to consider:
- Under/Uninsured Motorist: This is protection in the event that someone hits your automobile and does not have enough insurance to cover the expense of the repairs.
- Collision and Comprehensive: These policies cover damage to your vehicle regardless of fault. Other events such as theft, hail, or vandalism are also covered.
Where Can I Find The Right Coverage?
Finding the right coverage is a lot easier than finding the right car. The best policies for you can be found right at SteelKey Insurance LLC. Our team of seasoned professionals works hard to find the best policies that match your needs. Our agents do the hard work, and you reap the rewards. We work alongside you giving you full insight into how your coverage works. We’re your go-to for all your car insurance needs. Call or come visit us today to get started on your quote!