There are two ways to look at car insurance. The first is to find out what minimum coverage is required to legally drive a Massachusetts vehicle. The second is to determine what coverage is necessary to ensure that you are fully covered.
Full coverage car insurance can be purchased for many reasons. Your lender may require you to purchase full coverage car insurance if you have borrowed money for the purchase of a vehicle. Even if you’re not required to buy full coverage insurance, you might still want to make sure your home and assets are fully covered in the event you are involved in a serious accident or resulting lawsuit.
Full coverage car insurance in Massachusetts includes four types of insurance. First, you need to have liability insurance. You must have minimum liability insurance to drive in Massachusetts. This is often referred to as a 20/40/5 plan.
This means that you have $20,000 in medical insurance for anyone involved in an accident. There is a limit of $40,000 per person. You also have $5,000 for property damage. Property damage is usually the cost of fixing the vehicle of another person.
It is easy to see why people opt for more than the minimum state-required liability insurance. Medical coverage of $40,000 is very little these days. $5,000 will only cover the cost of a dented car fender.
Liability coverage is the only option if you want full coverage car insurance. Full coverage car insurance includes liability, collision, comprehensive, and personal injury protection.
Collision insurance will cover the repair or replacement of your car if it is involved in an accident with another vehicle, or with a stationary object like a tree or lamp post.
Comprehensive insurance will cover your vehicle for repairs or replacement if it is not damaged by an accident. Comprehensive insurance will also pay if you run into an animal such as a deer.
Personal injury coverage pays for your medical expenses as well as the medical expenses of any passengers in your vehicle. This coverage may or not be necessary depending on your existing medical insurance.
This is how full coverage Massachusetts car insurance looks: liability, collision and comprehensive, as well as personal injury protection. The amount of each type depends on what assets you have to protect against a possible lawsuit arising from an accident in your car. It also depends on your financial situation.
No matter how much coverage you want or need, the internet is the best way to get the best insurance deal.
Do not believe that one website is sufficient to compare car insurance prices. You will need at least three different websites to compare prices for Massachusetts car insurance companies.
Make sure you enter the exact same information on each site. This will allow you to compare the policies on all three sites.
You’re now free to go! You can simply review your results, and then choose the lowest-priced policy. This is the best way to find a Massachusetts full-coverage car insurance quote and save money every month.