It’s your first new car, and you want to protect it. Liability insurance, which protects you and other people on the road, offers the greatest protection when working with Springfield insurance experts. You may also want to obtain collision and comprehensive coverage, which will help you ensure that your vehicle receives the repairs it needs after an accident.
Springfield Insurance Pros Tell You What You Need to Know
Liability insurance provides general protection for you and your car. In Massachusetts, there are four types of liability coverage every driver must have. One type covers bodily injury to others and pays the medical expenses for which you are legally responsible if you cause an accident in which another person is hurt.
Personal injury protection (PIP) covers your reasonable and necessary medical expenses incurred within two years of an accident in addition to funeral expenses and lost earnings, which are paid at the rate of 75 percent of your average weekly wage in the year preceding the accident. Uninsured/underinsured liability insurance covers your expenses if the other driver is unidentified or doesn't have insurance.
Damage to property is the final type of coverage included in liability insurance protection. It covers damage to another car, building, or any other type of property.
The required minimum insurance coverage in Massachusetts is $20,000 per person and $40,000 per accident for bodily injury to others; $8,000 per person, per accident for PIP; $20,000 per person and $40,000 per accident for bodily injury caused by an uninsured auto; and $5,000 per accident for damage to someone else’s property.
A Springfield Insurance Agent Can Offer Additional Coverage
A new car is an expensive asset that deserves full protection. Collision coverage is designed to pay for repairs or replace your vehicle after you’ve been in an accident, while comprehensive coverage takes care of damage to your car that isn't caused by an accident. This type of coverage protects you in the event of fire, theft, flood, vandalism, and interactions with animals. If you are leasing or financing a car, your dealership or lender may require you to purchase collision and/or comprehensive coverage up to a certain amount.
Choose the Best Springfield Insurance Agency for Your Needs
Your policy should be tailored specifically for you and your vehicle. Compare rates to get the best package. Springfield insurance agents will consider your driving record, past car insurance claims, location of residence and the type of car you drive when determining your rates. Compare prices and choose your new policy carefully. If you don't obtain enough coverage, you won't be able to keep your new car in excellent condition.