Auto insurance is expensive and costly for your family. But in this world where anything can happen when you drive, whether it’s your fault or not, insurance is a must. But sometimes it can be confusing what types of insurance are available and how much coverage you and your family will need. What is personal property liability? Do you need comprehensive coverage and personal injury protection insurance? Insurance requirements can differ drastically or insignificantly in each state.

These are the different types of coverage:

These types of insurance are typically optional in each state and will result in a more expensive insurance premium. Most insurance that is optional is set up as protection for the possibly uninsured other party.

• Collision coverage: Collision coverage pays for all repairs and costs associated with a car accident that involves another vehicle or object, even if the insurance holder is at fault.
• Comprehensive insurance: it is, well, more comprehensive coverage. This type of insurance will protect the owner if the car has been stolen, struck by natural causes, or illegally damaged.
• Personal property and bodily injury insurance is a must in every state in the US.
• Personal Injury Protection: insurance policy that, in the event of a car accident, covers the medical expenses associated with said car accident. It will cover the insured, passengers and pedestrians. PIP is required in Michigan, Massachusetts, Maryland, North Dakota, Oregon, Utah, New Jersey, New York, Minnesota, Florida, Hawaii, Kansas, Kentucky, Delaware, and Colorado. PIP is always a good thing to consider as it will cover most medical bills, lost wages, and other expenses, even if you were at fault for the accident. When deciding if you need PIP coverage, you should check your health insurance policy in case the coverage overlaps. Also consider your driving clothes. If you carry passengers in your vehicle on a daily basis, it may be better to have PIP. Check with your state and consider your health and habits when purchasing the right insurance for you.

For more information

If you’ve been injured in a New Jersey car accident, consider speaking with a personal injury attorney to protect your rights and help you recover the highest compensation. For more information on what to do if you are involved in a car accident, visit the New Jersey Personal Injury Lawyers website. Levinson Axelrod today.