The auto insurance cost for a vehicle is the the most necessary and important part of buying a sleek and shiny, fully-loaded, four-wheeled investment. Imagine what would happen if the car were damaged or destroyed, especially with human lives at stake. Choosing to pay auto insurance costs requires a responsible decision to plan in advance for the crash that hopefully will never occur. Most states do not rely on voluntary planning, however, which is for the protection of all drivers and those whose lives depend on the drivers' choices. Every car purchased is required to maintain, at the minimum, coverage for liability to others. Otherwise, the auto is not legally allowed on the road. This coverage on motorized vehicles is the financial responsibility of every driver who must have proof to show their ability to pay for damages or injury to others resulting from an accident. This proof is the policy disclosure provided upon purchase of the coverage and must be kept in the car to be shown in the event of being questioned by law officers.
Coverages must meet state minimum requirements. For instance, in California, both the owner and the operator of a car are liable for $15,000 to cover death or injury of any person or $30,000 for all persons in an accident. Plus the minimum auto insurance cost for property damage is $5,000 for any one accident. Clearly these auto insurance costs are minimums and rarely cover the full costs of injury or vehicle damage. Additional expenses must be paid out-of-pocket which could mean substantial debt and expense if policies have not been increased to meet actual medical treatment or property replacement costs. The premium will vary according to the type of insurance coverage included. Liability coverage is that which pays for bodily injury and property damages to others, including medical expenses, suffering, and lost wages. This coverage also pays for defense and court costs, which is important since any payment typically requires a lawsuit proving liability in the accident. Collision coverage pays for damages to one's own vehicle by another car or any object. Comprehensive coverage is an auto insurance cost for loss or damage due to fire, wind, hail, flood, vandalism, or theft.
Additional protection for medical coverage, personal injury, uninsured motorists, under-insured motorists, even rental reimbursement are also available. However, all of these expenses could literally bankrupt a homeowner who has not chosen to pay auto insurance costs for sufficient coverage. Since many vehicle owners must pay a premium in addition to making car payments, income is stretched for many and the choice to reduce or eliminate policy inclusions is tempting. It is important to weigh the auto insurance costs with accident scenarios, so that risks are clearly known. Foremost, if the car is totaled, will there be enough money available to purchase another? If not, the auto insurance for comprehensive and collision coverage is vital and should be equal to the value of vehicle replacement. An insurance policy should be the first option considered when purchasing a vehicle; it's the bumper of protection the driver will never regret buying. God knows the need for simple things such as this, and promises to provide for such needs. "But seek ye first the kingdom of God, and His righteousness, and all these things shall be added unto you" (Matthew 6:33).
Sponsored Links
Categories
- Abortion Facts
- Accounting
- Acne
- Advertising
- Affiliate Program
- Anorexia
- Arthritis
- Article
- Asthma
- Auto Insurance
- Auto Loans
- Bad Credit Loans
- Bankruptcy
- Business Insurance
- Business Leads
- Business Opportunity
- Business Training
- Car
- Car Donations
- Cash Advance
- Cheap Insurance
- Credit Cards
- Credit Counseling
- Credit Repair
- Credit Reports
- Debt
- Debt Consolidation
- Debt Elimination
- Debt Reduction
- Debt Relief
- Debt Settlement
- Dedicated Hosting
- Depression
- Diabetes
- Digital Cameras
- Digital Equipment
- Distance Learning
- Domain Names
- Ecommerce
- Education
- Flowers
- Franchises
- Fundraisers
- Furniture
- Gallery
- Hawaii Cruises
- Health
- Holidays
- Home Equity Loans
- Home Insurance
- Home Loans
- Home Refinance
- Insurance
- Interest Rates
- Internet Marketing
- Internet Services
- Jewelry
- Laptops
- Lasik Surgery
- Lawyer
- Lead Generation
- Life Insurance
- Make Money
- MLM
- Mobile Review
- Mortgage Leads
- Mortgages
- Online Degree
- Online Loans
- Online Marketing
- Online Stores
- Payday Loans
- Personal Loans
- Phone Systems
- Printing
- Recreation Insurance
- Refinance Mortgage
- Refinancing
- Rehab Treatments
- Schools
- Search Engines
- Settlements
- Software
- Stocks
- Student Loans
- Term Insurance
- Travel Packages
- Treatment
- Vista Styles
- VoIP Service
- Web Hosting
Friday, October 3, 2008
Auto Insurance Cost
Posted by Leo Star at 10/03/2008 04:35:00 PM
Labels: Auto Insurance
Loading related posts...
Auto Insurance
10/03/2008 04:35:00 PM
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment