Almost every state requires car owners to carry auto insurance to protect drivers and their vehicles in case an accident occurs. If you drive a car without insurance, you’ll run the risk of having your vehicle impounded, or could face serious financial consequences after an unwanted collision. If you’d like to better understand how much car insurance you need to stay protected, our used car dealer in Pelham has all the information you need.
Your car insurance consists of a collection of different policies that provide varying forms of coverage. Liability coverage helps to cover liability and expenses when you’re at fault in an accident and provides money to those who were hit in the collision. Bodily Injury Liability pays for the medical expenses of anyone who was injured during the crash, while Property Damage Liability pays to cover the damages to the driver’s car.
When it comes to protecting you and your vehicle in an accident, Personal Injury Protection covers you and your passengers’ medical expenses, and could even help with lost wages if you need to take time off from work to recover. You probably won’t need to spend a lot of money on this policy, however, if you are already covered by health insurance and disability insurance through your employer.
If you’re hit by someone who doesn’t have insurance, that’s when uninsured motorist coverage will come in handy. This coverage is important to help cover costs that your health insurance won’t. It’s relatively inexpensive in most states, and typically costs around $40 a year for $100,000 worth of coverage.
Collision and comprehensive coverage is recommended to help cover the costs of repairs or replacing your vehicle after an accident. These policies contain a deductible and will pay out the current value of your vehicle. When selecting a deductible, it’s recommended to choose the highest one you can afford, because a higher deductible will remarkably decrease your premium.
After you’ve calculated how much auto insurance you need, you should shop around to find the best insurer for your individual coverage needs. Since car insurance policies vary depending on your car, driving record, and credit, it’s important to do some research and receive quotes from various insurers before you settle on one.
We understand the stresses that come with budgeting for your car and its insurance. Let us help you out! After selecting from one of our quality used cars for sale, we encourage our Pelham shoppers to speak with one of our finance experts to determine the best payment plan. We want you to drive away from our lot in your dream car without having to break the bank!
If you have any questions or would like more information, please don’t hesitate to contact our used car dealership at (205)-982-8326.