Did you know that one in every seven drivers is uninsured? And if you live in Florida, Mississippi, Tennessee, New Mexico, or Oklahoma, the statistics are even higher. As you drive to work or take your kids to school, think about that disturbing fact. Then take a moment to realize how important adequate car insurance really is. There are many different types of coverage: - Liability Liability is the only legally required part of car insurance. Liability covers bodily injury and property damage for accidents that you, as a driver, cause. There are three categories for this coverage: - Bodily injury liability for one person in the accident - Bodily injury for all people who are injured in the accident - Property damage liability for one accident Each state determines how much coverage is required. In some states, the required ratio is a low as 15/30/5 (in thousands of dollars), in others, it is as high as 50/100/25 (in thousands of dollars). Keep in mind that this is the minimum coverage required. Most experts recommend you purchase at least 100/300 (in thousands of dollars) for the bodily injury categories. This will reasonably safeguard that any medical expenses resulting from the accident will be covered. - Collision Collision covers damages caused by an accident with another car or incidents where your car runs into a tree or other object. If you own a new or relatively expensive car, collision coverage is basically a requirement. This is because, should significant damage occur, you will want to replace or repair your car without draining your bank account or going into debt. - Comprehensive Purchasing collision coverage automatically assumes that you will be purchasing a comprehensive package as well - in fact, the two go hand-in-hand. Comprehensive is designed to cover any other damages that may occur as well. Should your car be stolen or vandalized, comprehensive has it covered. Should your car be crushed by a tree, flooded with water, or burned to a crisp in a fire, comprehensive comes to the rescue. Now, if your car is worth less than the cost of collision and comprehensive insurance, you can safely skip that expense. No need to be paying more for coverage than it would cost to replace the car. - Uninsured Motorist With so many motorists failing to purchase insurance, it is certainly a good idea to ensure you are covered even if an uninsured motorist causes the accident. Your health insurance may cover injuries that you sustain from the accident, but there is no coverage for damages to your vehicle. - Saving Money on Car Insurance One of the best ways to save money is to bundle your vehicle coverage with home and health insurance. Getting all three together will ensure that you get the best deal for each option. And if you are still hesitant about the price, think of this - the money you spend each month will definitely be worth the cost should you ever be involved in a serious accident. When looking for car insurance in Somerset County, NJ, please visit http://www.lafontaineandbudd.compersonal-insurance.
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