Each year, more cars and drivers converge on our Tennessee highways. With so many vehicles hitting the road, accidents will happen. Auto insurance can be the difference in a minor inconvenience or a devastating catastrophe. So, why do you need car insurance in Tennessee and how much should you buy?
Auto insurance protects you by paying for damage or injuries you cause to another driver while operating your vehicle. It can also protect your vehicle and injuries you might sustain depending on the coverage you choose. Auto insurance is required in Tennessee (more detailed info is found in this website). If you don’t carry insurance, you risk having to pay the full cost for any injuries you cause to another individual or the cost to repair or replace your car if it were damaged or stolen.
Here’s some coverages you’ll want to consider for your auto insurance:
LIABILITY… This coverage pays for bodily injuries and property damage caused by you in an auto accident. Bodily Injury covers the medical expenses, lost wages and pain and suffering for the other driver. Property damage liability covers the damage you cause to another person’s property, in most cases their vehicle. This coverage would also apply if you hit a building or other type of property. If you are sued due to an accident your liability will also cover your defense (attorney) and court costs. Tennessee has minimum amounts of coverage you’re required to purchase but most people opt to carry much higher coverage amounts to protect them from a major lawsuit.
UNINSURED/UNDERINSURED MOTORIST… this coverage provides bodily injury and property damage protection for you if you’re hit by an uninsured or underinsured driver.
MEDICAL PAYMENTS… This coverage protects you or anyone riding in your vehicle if you are injured in an accident covering reasonable medical expenses. Most people select coverage limits from $5,000 to $100,000.
COMPREHENSIVE… this coverage covers damage to your vehicle caused by fire, theft, glass breakage, vandalism, storms, etc
COLLISION… this covers damage to your car when you collide with another object.
When you select Comprehensive and Collision coverages you will also select a deductible amount. A deductible is the amount you pay when your car is damaged.
There are several other coverages an individual can purchase in addition to the above coverages. These consist of Emergency Road Service and Towing, Rental Reimbursement, Accidental Death and Disability.
The amount you pay varies from insurance company to insurance company and will depend on several factors…. (1) The make and model of the vehicle you drive (2) The coverage you select (3) Your driving record (4) Where you live and (5) your age, sex and marital status.
Many people think of insurance as a necessary evil, but when all is said and done, it can protect you from losing everything you own if you’re found to be legally liable in an accident. Be sure and read through my website. It contains valuable information on shopping for all types of insurance. Give me a call on our toll free number or shoot me an email if we can help compare insurance rates for your situation. It always pays to get a second opinion.