$25,000 for the driver, $10,000 for the passenger for the ambulance, emergency care, and other medical costs. Related Links: Does my insurance cover termites? Will the Supreme Court kill Obamacare? 5 dental scams that really bite what coverage do you need for auto insurance. The age of the injured person: A young professional still has many years of significant earning power ahead that the accident impacted, while an older person may be getting ready to retire, and therefore won't experience much loss of income. When determining how much car insurance you need, consider the following factors: cheapest car insurance ontario 2013.
As you can imagine, the cost of repairing or getting original equipment manufacturer parts can be very different depending on whether it’s a $10,000 car or a $100,000 car. DMV.org is a privately owned website that is not owned or operated by any state government agency. Ask your agent for precise figures. You may even want to investigate raising your.If you drive, you need auto insurance coverage. But just exactly which type of coverage should you have, and which ones are you required to have? Following are the key features of auto insurance (depending on your unique circumstances, you may or may not need all these features): If you're in an automobile accident, regardless of who is at fault, collision insurance provides protection to replace or repair your vehicle, subject to a deductible. In the event of hail damage or a tree limb falling on your car (risks not involving an automobile collision), this coverage insures you. Comprehensive coverage pays to repair your vehicle, subject to a separate deductible. This type of insurance coverage is for medical and other expenses resulting from an automobile accident for the people specified in the policy, regardless of who is at fault in the accident.
Collision sounds self-explanatory enough, but what's up with "comprehensive" and "uninsured/underinsured motorist"? We asked three auto insurance experts to break down the standard policy to help you at a price you can afford. Our auto insurance guide ranks each coverage type by its relative urgency to the consumer by a red, orange or yellow designation. Red is most urgent, and yellow is least urgent. While each is an important tool to cover the legal and financial risks of owning a vehicle, it's unwise to skimp on coverage types in the red zone. "I encourage people to think about auto insurance not from the premium that's on their renewal notice but from what they're trying to protect, what their need is and what their risk tolerance is in certain areas," says Jim Quade, assistant vice president of Liberty Mutual Insurance in Boston.