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Is Additional PIP Needed When Getting Cheap Auto Insurance?

On September 13, 2008
Categories: Insurance

by Joseph Welusz

What is Extra PIP coverage? When trying to get cheap auto insurance is it needed? You should first understand what you PIP coverage are PIP is and acronym meaning Personal Injury Protection. It is the coverage available though your auto insurance policy that covers your medical bills if you are hurt when you are at fault in an accident.

Ok that was simple enough to understand. Medical coverage is provided under my auto insurance if I am hurt in an auto accident.

What does Extra Personal Injury Protection cover? It may seem a little confusing because actually it doesn’t cover the costs of any medical bills at all. What it does do is provide coverage from your auto insurance policy for expenses that are caused from you being hurt in an auto accident.

There are four coverage’s that make up your additional personal injury protection; Income Continuation, Essential Services, Death Benefit and Funeral Expenses. Let take a closer look to see what is really covered under each so when it becomes time to get free auto insurance quotes you will have a better understanding of the coverage’s included.

Income Continuation will pay a selected amount of money per week if you become disabled. You can select coverage ranging from $100 to $700 per week. The coverage can either be available for two years or up until the age of 65. This coverage is offer after your short term disability from the state has ended or is under 60% of your regular pay.

Essential Services is a coverage that pays for services you can no longer perform because you are hurt. This would include things like cutting your grass or shovel snow in the winter. There are only two daily limit options $12 or $20 per day and total benefit range is $4,380 to $14,600 depending on the coverage you select.

Death Benefits will be paid in the event that you pass away due to an auto accident. This benefit will pay either $5,200 or $10,000 depending on the option you decide on.

Funeral Expenses are also included if you pass away due to an automobile accident. The payout benefit is either $1,000 or $2,000 again dependent on your selection.

In total there are 17 Extra Personal Injury Protections options available that combine all the coverage’s listed above and they are not offered ala carte they come as package options. Extra Personal Injury Protection coverage may not be available in every state. When it becomes time to search for discount auto insurance if Personal Injury Protection is available select the option that fits you best.

About the Author:

Before buying auto insurance, make sure you go to Joe’s site Quote Matcher.com to find ways to get discount auto insurance and cheap auto insurance money saving tips

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Benefits of Free Insurance Quotes

On August 12, 2008
Categories: Insurance

by Joseph Welusz

Free insurance quotes are available online from wide source of websites. Not that long ago you had to pay for a quotation, but not now. Actually, if any company tries to charge you for an online quote, you shouldn’t even consider getting a quote from them.

What should a free insurance quote entail? A lower rate of course, but that will depend on the individual information you provided. You will certainly want to get the quote fast, hopefully within minutes, although most companies usually provide quotes within 48 hours. You may receive your response by an agent or company representative that contacts you by telephone, by email, or instantly online.

Remember a free online quote is just a quote. The online quote form is not generally thorough enough to include all of the factors that will decide the ultimate price of the insurance policy. Although, there are direct companies now where you can purchase your policy directly, after receiving your free insurance quote.

The final insurance policy should be decided from a short-list drawn up from the cheapest of the free insurance quotes you received with the desired amount of coverage. At this point it’s time to pick up the telephone and talk to the companies providing the quotes you are interested in. Speak to each insurer on your short-list to verify the rates and see if there are any other discounts you qualify for.

The whole point of getting free insurance quotes is that you can compare the insurance rates being offered by a lot of different companies. The best way to do this is to use an online comparison site like http://www.QuoteMatcher.com, and perhaps an insurance company rating site like AM Best. You will then have a good mix of quotes to choose from and know how financially stable the companies providing the quotes are.

Free insurance quotes online are here to stay today and in the future. People now are more computer savvy than they ever were before and they realize getting quotes online are usually much quicker than telephone quotes.

Which ever way you decide to get your free insurance quotes, remember, by getting multiple quotes you have a better chance to save money!!!

About the Author:

Joe Welusz is a licensed insurance professional that writes about a lot of intriguing insurance topics. This article Free Insurance Quotes is one of many you can find at QuoteMatcher.com. Click Insurance Quotes to go to QuoteMatcher.com to get yourFree Auto Insurance Buyers Guide with the completion of an auto insurance quote.

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Does Inexpensive Car Insurance Equal Low Liability limits?

On August 05, 2008
Categories: Insurance

by Joseph Welusz

You will never know how much insurance coverage you will need until you need it, so it’s better to be safe than sorry. First let’s take a look at what Auto Insurance Liability covers. There are two parts to your liability coverage the first is bodily injury liability and the second is property damage liability.

Bodily injury liability covers just that, injuries that are caused do to an auto accident:

1. Emergency aid at the scene

2. Medical bills due to injuries

3. Money for lost wages

4. Funeral expenses

5. Lawyer Fees

Property Damage Liability covers the damage that is sustained in an accident:

1. Structural damage to homes, storefronts, etc.

2. Money to fix or replace other non-moving objects

3. Vehicle repair or replacement costs

So, what coverage limit are right for you? Every state compiles there minimum guidelines individually. 15,000/30,000/15,000 is the minimal norm but that may vary from state to state so check your state guidelines. You might have noticed that there are three coverage figures and not two. This is because bodily injury liability usually comes in a split limit unless you request a single limit of coverage.

Split Limit coverage: Limits are split into two for bodily injury coverage and then there is a separate coverage for property damage. If you take the example from above $15,000/$30,000 coverage, the $15,000 represents the total amount of bodily injury coverage that will be paid out to any one person during an accident. The $30,000 represents the total amount of bodily injury coverage that will be paid out for the entire accident. If you had a single limit of coverage it would include a maximum to be paid out but no individual maximum and it could be divided however needed.

The number that always ends your liability coverage is your property damage limit in the above example it is represented by $15,000.

What is right amount of liability coverage? The most common amount of coverage is a split limit of $100,000/$300,000 bodily injury with a property damage coverage equal to $50,000. People that take out lower limit are really exposing themselves to financial disaster if they can’t afford to pay the difference when an accident occurs. For example, say you have $15,000/$30,000 bodily injury coverage and $15,000 property damage coverage. You get into an accident that is your fault with two vehicles a five year Honda Accord and two year old Chrysler 300. There are three people in the Honda and one person in the Chrysler. All have minor injury but are brought to the hospital and the person driving the Chrysler stays overnight for observation. Their bills will run over your $30,000 maximum for Bodily injury and the person driving the Chrysler will have individual hospital cost of more than $15,000. What does that mean? Once your coverage is used up you will be responsible for the rest. With hospital cost as expensive as they are that could mean a very costly bill to you. This doesn’t even take into account the amount of property damage that needs to be paid out. Since you hit two cars the damage for both comes out at $19,000. That is another $4,000 out of your pocket. The worst part of the whole thing was you thought you had full coverage and that it didn’t matter what happened. Full coverage only means that you have liability coverage, comprehensive and collision coverage but your limits on liability are the most important. Make sure they are set properly.

I would suggest never having coverage less than $100,000/$300,000 for bodily injury and $50,000 property damage with even higher coverage recommended. The cost to go from $15,000/$30,000 to $100,000/$300,000 or even higher shouldn’t be more than a couple of hundred dollars a year at most. I would rather spend a couple hundred dollars more per year than be stuck owing thousand due to medical bills for a person that I injured in an accident. When talking with your insurance agent always get quotes with higher liability limits so you can compare the different prices between coverage. If you need to off set cost a little and you are getting full coverage consider having a higher collision deductible, but insurance cost savings is another topic to be written about later.

About the Author:

The preceding article was written by licensed insurance agent Joseph Welusz who tries to help you get Free Insurance Quotes. He has written intriguing articles related to numerous insurance topics for QuoteMatcher.com. Where Insurance Quotes are always available for free.

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