Auto Insurance Johnson City: 6 Types of Auto Insurance That Are Important to You
Insurance Requirements and Your Auto Insurance Johnson City
Most states are considered tort states, which mean that as a resident, you are financially responsible for the damage and injury you cause in an auto accident. Typical state minimum requirements for liability insurance in are:
Bodily Injury
- $25,000 for the death or injury of any one person, any one accident
- $50,000 for all persons in any one accident
Property Damage
- $15,000 for any one accident
That is known as 25/50/15 liability coverage.
But to most drivers, these requirements are somewhat irrelevant. They are drastically low and put you at substantial risk if you go with them.
How so? Well, the average new car costs $28,000 these days. You do the math. How many totaled vehicles does if take to exceed $15,000?
And the same principals apply to medical expenses where one compound fracture can cost $25,000 when surgery, rehab and loss of income is considered…and what about law suits?
So it doesn’t matter if you a shopping for car insurance in Johnson City, Tennessee or Pennsylvania or Johnson City, Virginia…let the message ring loud and clear – sticking with state minimums is risky business and dangerous to your financial well being.
I recommend that you carry at least 100/300/100 liability coverage.
We’ll talk later about other coverage’s you should consider.
Auto Insurance Johnson City – Your Insurance Card
Most states require you to show your insurance I.D. card to any police officer who stops you for a traffic violation or safety check. You should also take your card to court if you’re cited for a traffic ticket or have been in an accident.
Auto Insurance Johnson City – Basics
While it’s not always fun to discuss – auto insurance safeguards you against overwhelming financial loss that could, otherwise, haunt you for years should you be involved in an accident. And something that saves you money can not be all bad…so, read on.
Auto Insurance Johnson City – Coverage to Consider
1. Bodily injury liability: If a mishap is your responsibility, this insurance pays for medical and associated legal expenses. Bodily injury liability insurance is required in most states. However, compulsory minimums are rarely adequate. I recommend a bare minimum of $100,000 per person and $300,000 per accident.
2. Property damage liability: This insurance is comparable to bodily injury liability except that it applies to other people’s property. The minimum I recommend is $100,000 per accident.
3. Personal injury protection: As you might have surmised, this coverage pays medical expenses for you, anybody injured in your vehicle and any pedestrians involved.
4. Uninsured and underinsured motorist: You’re on route to your home in the evening and are sitting at the traffic light. Out of the blue, a car comes out of nowhere, rear-ends you and then races off into the night. You are too shocked to read the license plate number, thus you’re out of luck, right? Uninsured or underinsured policies provide coverage for situations just like these, as well as where an operator does not have any insurance.
5. Collision insurance: Precisely how it is perceived…collision insurance compensates for damages to your auto due to accident. Your insurance company pays for the damage less an agreed up deductible.
The lower the deductible, the higher your premium. How much are you prepared to pay from you own pocket for an accident? Set your deductible at that amount.
6. Comprehensive coverage: Picture this – a tornado sweeps across your city, depositing your car in the neighbor’s backyard. Comprehensive coverage will pay for this type of damage. Also it pays for any damage to your car involving theft, fire, flooding and other types of hazards.
When driving an older car, consider not carrying collision, as well as comprehensive coverage. Meaning, if you’re involved in an accident, your vehicle would be uninsured so you pay for repairs or replacement.
Auto Insurance Johnson City – Cost Factors
A ton of factors impact auto insurance pricing:
• The car’s make and model
• The age of your car
• Your age
• Your driving history (Including speeding tickets, which means – rest that lead foot!)
• Where you reside
• Gender
• Marital status
You could qualify for discounts on your auto insurance Johnson City if:
• You’re an excellent student
• Your car has particular safety features (like antilock brakes, air bags, antitheft devices etc.)
• If you have several policies with one insurer
• You pay your premium in one payment
Auto Insurance Johnson City – Compare and Save
Different insurance companies often offer the exact same coverage at different prices so…shop around! A quick few minutes on a free online quote finding service like Quote Wizard or 2Insure4Less will produce a lot of options. A little comparison can go a long way to saving you money on auto insurance.
