What is auto insurance?
Everyone who owns a vehicle assumes the risk of a potential accident, and almost all Massachusetts drivers are bound to be in an accident eventually. Insurance will do nothing to prevent an accident when on the road. Should one occur, though, having auto insurance could provide valuable financial protections.
Auto insurance provides important coverages for personal vehicles. Coverages might help protect the vehicle owner, the vehicle, any driver and passengers, and others.
Are drivers required to have car insurance?
Drivers in most states are generally required by state law to keep minimum amounts of car insurance. Much more coverage than what’s minimally required is broadly recommended. The minimums may not be enough to fully cover a car accident.
The generally state-mandated minimum coverages are as follows:
- Personal Injury Protection ($8,000 per each person)
- Bodily Injury Coverage ($20,000 per each person and $40,000 per each accident)
- Property Damage Liability ($5,000 per each accident)
- Uninsured Auto Coverage ($20,000 per each person and $40,000 per each accident)
An insurance agent who understands car insurance well can help drivers determine what coverages and limits make more sense for their situation.