Recommended Coverage For Auto Insurance

1 the unlimited no fault pip medical benefits option. You should also carry comprehensive and collision insurance if your car is 10 years old or older but worth more than 3 000 or if you can t afford to repair or replace it. Nationwide car owners spend an average of 935 80 a year on their auto insurance a number that includes both minimal and high coverage choices.

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Other common types of coverage can protect you if you need to rent a car due to an accident require roadside assistance or have to pay off a loan on a vehicle that was totaled.

Recommended coverage for auto insurance. If you don t carry insurance the state can impound your vehicle. Michigan drivers have an important choice to make. Members of auto clubs with such privileges don t need this coverage. Here s how that breaks down.

The liability portion of an auto insurance policy. Brief explanation of michigan no fault insurance page 1. Minimum limits if driver purchases car insurance which is optional 25 000 bodily injury liability per person 50 000 bodily injury liability per accident 25 000 property damage liability per. Minimum coverage isn t necessarily all you should have.

When looking at your auto insurance coverage limits you may see something like 250 000 500 000 250 000 or 250 500 250 for your liability coverage. Auto insurance guide page 3. 250 000 of coverage for bodily injury per person. Liability coverage collision coverage comprehensive coverage uninsured motorist and medical payments coverage.

If your car is less than 10 years old you should consider buying comprehensive and collision coverage. Before you purchase any type of recommended auto insurance coverage be sure to study your other insurance policies so you don t end up paying for something you don t need. Michigan department of insurance and financial services. Nearly every state requires car owners to carry auto insurance and most states have required minimum values for different policies.

And 3 uninsured and underinsured motorist coverage with 500 000 limits. 2 the bodily liability insurance option with 500 000 and 1 million limits. There are five basic types of auto insurance. To find out what your state s minimums are check out this web site.

Our recommended car insurance coverage for the new michigan no fault law includes choosing. Understanding auto insurance required coverage accessed feb. This is where car insurance for a 10 year old car comes into play. Rental insurance it costs only a few dollars per year certainly a worthwhile expense if you travel and rent cars frequently.