When you first obtain a driver’s license, or purchase a new vehicle, the exciting feelings may be overwhelming. Even at a happy time, you need to consider how to protect yourself and your vehicle. Auto Insurance in Canton and Ann Arbor is available for every coverage need. But what else do you need to know about insurance coverage?
Michigan, like most states, requires that drivers maintain at least the minimum insurance coverage policy, or have access to enough funds in a bank account to assure a bond for financial responsibility in the case of an automobile accident. Michigan is a no-fault state, and there are severe penalties for those who are caught driving without insurance. It’s even worse if you end up in an accident and have no insurance, as any other parties involved can sue you to recover compensation for damages and injuries. The minimum Auto Insurance policy in Canton and Ann Arbor is relatively inexpensive when compared to the financial and civil risks of not having insurance.
Not all coverage is the same, so you need to determine what type of coverage you need, and in what amounts. If you own a new car, then you’ll want to maintain a full comprehensive and collision coverage plan to protect its value. If your car is not worth a lot, then a liability plan that covers damages caused by you to other drivers may be a better option.
You also need to consider how much a plan reimburses in the case of bodily injury. Auto Insurance in Ann Arbor and other areas covers the vehicle, the driver, and any passengers. There are sets amounts available to cover the injuries sustained by those who are in a car at the time of an accident. Given the high cost of medical care, you need to make sure that the coverage is enough given your financial situation.
It’s best to speak with an insurance agent about your needs. A local agent, such as Heidi Kussurelis, can offer suggestions based on your unique situation. In addition, you may be able to receive a substantial discount if you purchase insurance policies to cover your other needs such as for home, business, or life insurance.
