auto insurance

How Much Auto Insurance Do You Need?

Auto insurance is a legal requirement, but not all states mandate the same minimal levels of coverage. For example, all states with the exception of New Hampshire require drivers to carry property damage and bodily injury liability protection as part of their car insurance policies. While there is a minimum, it’s best to make your auto insurance as comprehensive as you can.

What Does Auto Insurance Cover?

Auto insurance offers financial protection when you, a family member, or another individual using your vehicle gets in an accident.

Coverage can help with the cost of repairing the car itself, but can also cover injuries and damaged properties. It also helps pay for liability costs.

What Are The Types of Auto Insurance?

There’s more than just one form of auto insurance. The different types address specific situations that can result in substantial costs without insurance.

Examples of auto insurance types include:

  • Personal Injury Protection (PIP)
  • Collision
  • Comprehensive
  • Bodily injury liability and property damage liability
  • Uninsured Motorist

PIP helps with the medical expenses of either party who suffered injuries, even if you or the other individual are without health insurance.

Collision coverage will help pay for repairing or replacing damaged vehicles.

Comprehensive coverage is for damage caused by events other than collisions and typically applies to those who are financing a leased vehicle.

Bodily injury liability and property damage liability deal with covering costs incurred from injuries and costs for reimbursing damaged property (this only applies to another person’s property – not yours).

Uninsured motorist coverage allows you to be compensated for damages to your vehicle if the accident were caused by an at-fault uninsured driver.

How Much Should I Get?

Regardless of who you are, the type of vehicle you drive, or the area you live in, you are susceptible to any of the situations that these types of auto insurance offer special coverage for. However, at the very least, you need to have coverage consistent with your state’s mandates for car insurance coverage.

If you are someone with a higher income, umbrella insurance is worth attaching to your auto insurance policy. You are likely at higher risk for lawsuits, and an umbrella insurance policy would help cover those legal costs.

Who Should I Add To My Auto Insurance Policy?

When you purchase auto insurance, it’s a good idea to include others in your household on your policy, as they may need to borrow your car at some point. There’s no limit to the number of people you can add.

Get Your Auto Insurance Coverage Today

At Remco Insurance Services, we are here to get you the auto insurance you need at the price you deserve. With our help, you’ll have a policy so that you will not have to worry about potential financial losses when you’re behind the wheel. Be sure to call us today at 215-357-7878, or feel free to reach us via text at 267-692-8296.