Benefits and Obligations of Having Car Insurance (PDF)
Car insurance is required in case of an accident taking place, causing people to be harmed financially or in any other way. For example, if you get into an accident and you are at fault, your car insurance will pay for the other driver’s medical expenses, property damage, and lost wages.
Each state has its own rules and laws for car insurance. However, most states require drivers to carry a minimum amount of liability insurance. This coverage pays for the other driver’s losses if you are at fault in an accident.
Some states also require drivers to carry personal injury protection (PIP) insurance. This coverage pays for your medical expenses, lost wages, and other expenses if you are injured in an accident, regardless of who is at fault.
Other states may also require drivers to carry uninsured/underinsured motorist (UM/UIM) insurance. This coverage pays for your losses if you are injured in an accident by a driver who does not have insurance or does not have enough insurance.
Where is car insurance required?
All states except New Hampshire and Virginia require drivers to carry car insurance. In New Hampshire, drivers can meet minimum financial responsibility requirements instead of carrying car insurance. However, if you are involved in an accident and you are at fault, you could be held responsible for paying the other driver’s costs out of pocket.
In Virginia, drivers can pay a $500 Uninsured Motor Vehicle fee each year. However, this fee does not provide any car insurance coverage.
How much does it cost?
The cost of car insurance varies depending on a number of factors, including your age, gender, driving record, the type of car you drive, marital status, and the coverage you choose. However, the national average cost of car insurance is $2,014 per year for full coverage and $614 per year for minimum coverage.
What are the benefits of car insurance?
There are many benefits to having car insurance. Some of the most important benefits include:
- Financial protection in the event of an accident
- Peace of mind knowing that you are covered if you are sued
- Reduced risk of having your license suspended or revoked
- Increased chances of getting a loan or lease for a car
How to get car insurance?
To get car insurance, you will need to contact an insurance company and provide them with some information about yourself, your car, and your driving record. The insurance company will then give you a quote for the cost of insurance. Once you have chosen an insurance company, you will need to sign a policy and pay a premium.
Most drivers should pay for car insurance. It can help protect you financially in the event of an accident and give you peace of mind knowing that you are covered. If you are not sure what type of car insurance you need, you should contact an insurance agent for help.
Do you need assistance with Insurance Claims?
ATLINJ Georgia’s lawyers can help you with any insurance situation you may need. They’ll handle all the small details, ensuring you get the compensation you deserve. Let us facilitate the legal burden, so you can focus on what’s important.
