Uninsured Motorist Insurance & Medical Coverage
Uninsured motorist coverage is one of the most important policies you can carry, while medical payments coverage is an area where you can save money if you're smart.
Describes uninsured motorist insurance
Suggests a way for you to save on medical payments coverage
Explains how you can cut costs and maintain safe coverage
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Uninsured Motorist Coverage
Uninsured and underinsured motorist coverage protections are a very important part of your policy. One of the best pieces of auto insurance advice we can give is this:
!!! Make sure you carry these two coverages !!!
How important are they? Around 14% of all drivers have no auto insurance coverage. If you're injured in an accident caused by one of these drivers, you won't be reimbursed without this coverage.
And unlike medical coverage, uninsured and underinsured motorist coverage will compensate you for not only the out-of-pocket expense of your injuries, but for your pain and suffering as well. That's why these two types of insurance are so important.
How much uninsured and underinsured motorist coverage do you need? Consider carrying the same limits as your liability coverage.
After all, it makes sense to protect yourself and your family as much as you protect other drivers on the road.
Protecting yourself also means protecting your assets. Often uninsured/underinsured coverage will also reimburse you for property damage you may incur in an accident. Find out how much this extra protection would cost. Get free quotes from Netquote and ComparisonMarket.
Medical Payments Coverage
Medical payments coverage, also called personal injury protection, or PIP, covers the cost of injuries to you, your family, and your passengers. Sounds like a good idea, right?
Often it's not.
Medical payments coverage can be useless and costly. Why? First off, if you have good health insurance, you don't need PIP. Your health policy should pay for treatment of injuries from a car accident, and it will probably cover more than a PIP policy would.
Secondly, PIP is limited. It pays for a trip to the hospital caused by an automobile. But it doesn't cover any other trip to the hospital. See the problem? You're better off putting your money toward a good heath policy. That way you'll be covered no matter what sent you to the hospital.
If your state requires PIP, consider going with the bare minimum, and putting the money you save toward a better heath insurance policy.
Get up to ten fast free quotes from ComparisonMarket or try Netquote for local agents.
Next: What about voluntary coverages (like collision and comprehensive?) They are often the best way to really cut insurance costs. Find out how.
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