No, I do not need that. " If you've ever said those words, it's probably a millennium. In fact, only 64% of Americans between the ages of 18 and 29 have motor insurance, compared with an average of 84% for all older drivers, according to a poll commissioned.
Of course, this is no surprise. Millennials are generally an optimistic and sometimes ruthless group. "I'm a great driver, my car will never be hurt." Probably something will happen to your car, and if so, you will have to make a lot of money.
According to the National Highway Traffic Safety Administration, there were nearly 6 million traffic accidents in the United States in 2013, out of the approximately 10 million unreported auto accidents. In addition, these crashes cost the drivers a lot of money. In 2013, the claim for an average collision was $ 3,144. Can you pay this amount yourself?
We understood it. Car insurance is not the most exciting way to spend money (see beginner's guide to car insurance). The collision coverage offers no immediate satisfaction, as a new iPhone and
Even with excellent driving skills, accidents occur. What happens if an oak falls into your parked truck? What happens if your hybrid is confused on a pile of road? Without car insurance, an accident like this could put you in financial trouble.
Considering that car insurance is worth it, it is important to keep reading to find out what type of insurance you need (see the key tips to get better and cheaper car insurance).
Insurance of a driver without insurance or insufficient insurance
If your vehicle is hit by a driver driving or someone who has no car insurance, the insurance for unexpected drivers pays for the repair of your vehicle. It also covers all medical expenses, pain and suffering costs and (in the worst case the funeral costs) for all occupants of your vehicle. This type of coverage is mandatory in some countries.
It sounds like this: If you come across a car, this insurance helps you to pay for the repair of vehicles. If the repairs together make up more than the value of your vehicle, your insurance company is likely to make a check on the total value of your vehicle instead of paying for repairs. If you have a new or relatively new car, collision insurance is essential.
Liability insurance for personal injury.
In the event of an accident that harms others, this insurance covers the costs of medical treatment, remediation costs, burial, legal costs
If it causes a car accident, it covers not only the damage it causes to another
As with personal injury, liability for property damage is mandatory in most states and the minimum coverage requirements vary from state to state. For example, the minimum coverage in Florida is $ 10,000 and in Ohio it is $ 25,000. However, these minimum requirements are generally insufficient to fully protect, especially if it believes that the average cost of a new car is $ 33,560, Kelley Blue Book says. Talk to your insurer to find out how much liability insurance you need.
If you see the word "completed," you can assume that this is all you need because it includes everything. But that is not the case. (Yes, the conditions of a car insurance policy can be misleading).
A comprehensive insurance policy pays for damage to your vehicle that is not caused by a collision. These include theft, vandalism, riots, fires, natural disasters (such as hurricanes, floods, and tornadoes), - animal-related damage (your hunting deer) and falling objects (think of objects rolling in trucks or trees collapsing on the road) Automobile.) This insurance is also written off if your car and/or its contents are stolen. Many lenders require this type of coverage. If you still owe money for your vehicle or have rented a vehicle, check with the lender for full coverage.
New or Old
You can expect that new cars are more
However, if you own a much older vehicle that has already paid off, you may not need much insurance. While you may be required to take out an obligation (especially if this is required in your state), the cost of comprehensive and collision coverage may not be worth it, especially if you can repair or replace your car. If your car is worth $ 5000 or less, the bonuses that you pay over time will likely exceed the payment, even if your car has a sum.
Car insurance at the time of the lease.
If you rent a car, the dealer may ask you to take out
You may also have to take out collision insurance and civil liability for a borrowed vehicle. After all, your vehicle is part of the leasing company and naturally want to make sure that your investment is covered when the car is damaged or stolen. Recheck your contract and ask your leasing company for insurance requirements and minimum coverage limits.
If you own a car, rent it or even drive another car, car insurance is a must. There are certain species in most states