What is full coverage car insurance?
Most states mandate that you purchase some minimum insurance coverages and most also require you to carry personal injury or liability coverages as well. However state laws do not include all of the coverages required to insure your car. A full coverage car insurance policy contains:
Bodily Injury Liability Coverage:
When you are at fault for an accident and the other driver or passengers in other vehicle sustain injuries, your property damage liability insurance will pay for their medical bills. Some states require uninsured motorist coverage also. The limits and exceptions for this type of coverage vary from state to state. If your state requires it, ask your agent or representative about full coverage car insurance.
Personal Injury Protection:
In the case of an accident where you or a passenger in your car is injured, you may be eligible to receive financial support from your auto insurance company to cover the costs. Typically, the policy will pay the cost of hospitalization, transportation and related costs, but you can expect the insurance company to cover at least a portion of your prescribed medical bills and lost income. If you have no insurance at all, your auto insurance company will probably refer you to a secondary payee, such as a family member or a friend. Many states require legal or uninsured motorist coverage as well. Be sure to ask your insurance company if they offer any other types of full coverage car insurance as some do.
If your vehicle is heavily damaged in an accident, you may be able to get assistance from your auto insurance company to repair or replace your vehicle. This includes paying for the cost of towing and storage if you do not own a truck. You can also get reimbursement from your medical coverage provider, in most cases for the cost of a day of treatment up until the agreed upon amount is paid off.
High Deductible Auto Insurance:
Some drivers may feel that it is more financially feasible to add full coverage car insurance to their existing auto policy, rather than purchasing a new policy. However, it is important to remember that adding a deductible to your policy increases your monthly payment and deductible. Therefore, if an accident occurs, you will be responsible for the deductible. In addition, if you choose to pay the deductible out-of-pocket, you could find yourself in financial trouble should you get into an accident and not have the funds to pay the deductible.
New Hampshire Car Insurance:
If you reside in New Hampshire, you are allowed a choice in how much coverage you want your vehicle to have. If you purchase a new vehicle in New Hampshire, you must purchase a minimum amount of liability insurance to be legally able to drive a car on the state’s roads. The minimum amount of liability auto insurance in New Hampshire is $1 million, but this does not mean that you need to purchase this much coverage. In fact, many drivers purchase less than the minimum in order to save money on their premiums. By law, drivers in New Hampshire are required to pay at least the same amount of liability and collision protection that they would have been required to pay if they had purchased full coverage car insurance in New Hampshire.
Although it may seem very basic, it is often the most expensive type of policy that a driver can purchase. A full coverage car insurance policy will provide financial support for repairs or replacements to your vehicle in the event that it is damaged or stolen. Although the costs of these types of accidents can be high, there are many drivers that simply cannot afford the amount of it necessary to cover their vehicle. If you live in New Hampshire, there are many organizations that can help you determine what is the appropriate amount of basic coverage for your needs and can also assist you in finding discounts on these policies if you belong to a union or have certain health conditions.
Collision car insurance provides coverage in the event that you are in an accident with another vehicle or if you damage another vehicle while driving. Although you will most likely not be sued unless you are at fault in an accident, the policy will still provide financial support for repair or replacement of your car. Many drivers purchase the most available coverages possible without considering the cost that this may entail. There are many limits on the amount of available coverages that can be dropped from your policy and these limits vary depending on the insurance provider you choose to work with. When comparing prices on car insurance in New Hampshire it is important to note that the level of coverage provided will be partially determined by the amount of deductible that you elect to have on your policy.