In Brevard County, Florida, driving without insurance is against the law, like most places across the U.S. The trouble comes in when you are looking at just how many options there are when purchasing it. Every option sounds great, but is it all really necessary? Do you really need all that flashy, expensive stuff? Picking exactly what you need can be tough, but remember you are preparing for your future. Should something catastrophic happen, God forbid, you want to be prepared, right? So, what insurance should you have to prepare for a major car accident?
There are five main branches of car insurance. These include liability, collision, comprehensive, under/uninsured, and medical personal injury protection (PIP). These insurance coverages each cover one unique aspect of your driving experience. The more of these you have, the better off you will be in the case of a major accident. However, each one comes with a price. Most places require that you at the very least have liability insurance. For some, that is enough. What happens if you are injured in the accident or it was not your fault, though? Liability only pays the damages of the other person if you are at fault in an accident.
Collision and comprehensive insurances can be bought together or separately, and while they are similar in protecting your car, they protect from different situations. Collision covers your car and any damages it withstands no matter whose fault the accident was. Comprehensive covers your car and any damages it withstands in any event except for an accident, such as theft, fire, or vandalism. If you are preparing exclusively for a car accident or believe that you are in a good neighborhood where you don’t have to worry about other damages, you may feel satisfied with collision only.
PIP insurance is a great option for taking care of you and yours. Regardless of who is responsible for the accident, PIP will take care of the medical expenses of you and your passengers, and will also take care of you, should you be in a pedestrian accident rather than one involving two vehicles. This is a great option for families! Unfortunately, there are a lot of people out there who choose to drive without insurance on their vehicle. Getting into an accident with one of these individuals can spell catastrophe. You can sue them for damages if they are at fault, but chances are good that they will not have the funds to pay for them. They will likely go bankrupt and have no assets. Then you are stuck drowning in medical bills. Having under/uninsured insurance helps to protect you should you wind up in an accident with someone like this. The risk is smaller than hitting someone with insurance, but is still significant enough to consider the options.
Which Plan Fits You?
No plan fits everyone. Deciding what coverage you get varies by your personal needs. Someone with a large family may opt for PIP while someone on their own may not. Same goes for liability versus collision or comprehensive. Someone with a brand-new Lamborghini wants to protect it at all costs, more than likely, while someone with an old beater may opt for liability only. Your financial situation also plays a big role. The fact of the matter is, the more insurance you have, the better off you will be in the case of a major car accident. However, options like comprehensive are not always necessary. You can also gamble with under/uninsured. Realistically, it is all up to you. The more informed you are, the better decisions you can make.