States require that drivers purchase auto insurance to prove they can pay a specified limit of damages in the event they hurt another driver or damage their car or other property. While other states we serve have slightly different requirements, our home state of Maryland’s requirements dictate drivers carry a minimum bodily injury liability coverage of at least $30,000 per person and $60,000 per accident and at least $15,000 worth of property damage insurance to pay for injuries to another driver and/or their vehicle if they are determined at fault for an accident.
Despite this “mandatory” requirement, about 13% of Maryland drivers don’t obey the law and drive without insurance which explains Maryland’s other Auto “requirement” that each insured driver carry at least a minimum of $30,000 per person and $60,000 per accident of uninsured motorist bodily injury coverage which pays for that driver’s injuries if injured in an accident with an uninsured driver. Given rising healthcare/medical costs and aggressive personal injury attorneys, these basic limits are often woefully inadequate for many drivers who need strong insurance to protect their personal assets.
Common coverages included in the Auto policy include:
- Bodily Injury Liability – coverage for injuries sustained by another driver when the insured driver is determined to be at fault.
- Property Damage – covers damages to another driver’s vehicle or other property if the insured driver is determined to be at fault.
- Personal Injury Protection – protection for an insured’s passengers to pay for minor medical expenses after an accident to reduce the likelihood of the insured being sued for a larger amount later if medical conditions worsen due to non-treatment.
- Under/Uninsured Motorist Coverage – pays for insured’s injuries and vehicle repairs if they are in an accident whereby the other driver either does not carry any insurance or carries only a basic amount not sufficient to properly pay for the insured’s treatment.
- Collision – pays for repairs to the insured’s vehicle after an accident and is usually subject to a deductible.
- Comprehensive – covers vehicle repairs for other losses that an insured’s vehicle may sustain such as animal strikes, hail, theft, catastrophes, windshield damage, etc.
- Rental Reimbursement – pays for a rental car if the insured’s car needs to be repaired following an accident.
- Towing & Labor – pays for towing service after a breakdown or an accident.
While many large auto insurers focus exclusively on advertising cheap insurance and trying to train customers that getting the cheapest auto coverage possible should be their primary goal, oftentimes this is done by pushing substandard auto policies or inadequate limits and coverages that may financially ruin a person. At Campbell Insurance, we focus on determining the right coverage that will protect our client’s assets, and then we compete our clients’ business across many carriers to determine the best possible price for the right level of coverage. Call for an appointment today, and we can review the adequacy of your existing Auto insurance.