Learn The Different Car Insurance Types Available In Georgia?

Answer 1

Georgia residents are required by law to carry a certain amount of liability insurance when operating a motor vehicle. This is not the only type of auto insurance available. Collision and comprehensive insurance, personal injury protection and uninsured motorist coverage are also offered by licensed car insurance companies. Vehicle owners are encouraged to check out the benefits of each insurance type and compare quotes from a number of providers to determine what auto insurance package is most suitable.

Liability Insurance Requirements In Georgia

All drivers must carry a policy that meets or exceeds the state minimum coverage requirements. When shopping for car insurance online, individuals will see quotes given that include this minimum protection. At least $25,000 in protection to cover the costs of an injury to an innocent party is required. A minimum of $50,000 is required to cover the costs of bodily injury to multiple non-fault individuals and an additional $25,000 is needed to cover the costs of vehicle or personal property damage owned by those not At Fault in an accident.

Uninsured motorist protection is not required by law in the state of Georgia. This type of insurance provides coverage for vehicle damage and/or bodily injury caused by someone not carrying the required liability insurance. It is wise to consider this protection because in the event of a serious accident caused by a non-insured individual, victims have no recourse but to bring a lawsuit against the at-fault party if uninsured motorist protection is not in force. The suit may never result in any monetary compensation.

Understanding Collision Insurance

Georgia residents may be asked to carry this type of insurance when financing a vehicle. The car acts as collateral for the loan but if it is severely damaged the lender will have nothing to use as security for the outstanding loan balance. It is therefore important to carry collision insurance to cover the repair costs when a car is damaged in an accident caused by the vehicle's owner. Comprehensive insurance is part of this policy and is used to cover repair costs when the damage is caused by an unknown party or through an act of nature.

Saving Money By Combining Coverage TypesA full vehicle protection package that includes liability, collision, comprehensive and uninsured motorist insurance will cost less than when each type is purchased separately. Not all insurance companies offer the same discounts when additional drivers or vehicles are added to an existing policy. Georgia vehicle owners are encouraged to speak with their agent and also check out the online rates from competing insurance providers. Some companies offer huge discounts when several vehicles are fully protected.