You may have heard that red cars get pulled over more often for speeding than other cars, but according to a 2014 study, um…not true. Actually the car color that gets pulled over more in general, regardless of whether it is for speeding or some other infraction is…insert drum roll here…white! But, regardless of what color car you drive, once you get pulled over you had better be insured. Of course, that is not the only reason to be insured. Besides the fact that auto insurance is required, it can protect you from major financial loss as a result of an accident. Here are some things you should know about car insurance.
Types of Auto Insurance Coverage You Need
Liability insurance: Auto liability insurance is required in the state of Texas. This type of insurance helps pay expenses associated with a car accident that you are at fault for including property damage and medical bills.
Collision coverage: This type of coverage helps pay for repairs to your vehicle and will pay the actual cost value of your car if it is totaled.
Comprehensive coverage: Covers damage from other things not related to a car accident such as weather damage (hail, floods, tornado, etc.), theft, fire damage, etc.
Personal Injury Protection (PIP): Helps pay the medical bills for you and your passengers in case of an accident, regardless of fault.
Uninsured/Underinsured motorist protection coverage: This type of coverage kicks into play should the other driver be at fault and not have enough insurance coverage to cover your costs associated with the accident (underinsured), or they are not insured at all. In such cases carrying this coverage helps protect you by paying for damages to your car and paying your injury-related medical expenses.
Rental reimbursement coverage: Helps cover the costs of renting a car while yours is out of commission.
Towing: Covers the cost if your car should need towing after an accident.