How Much Coverage is Needed for Auto Insurance in Fall River?

How Much Coverage is Needed for Auto Insurance in Fall River?

auto coverage in fall riverInsurance requirements can vary from state to state, depending on the mandated minimum coverage provisions. They can also be more or less, depending on the requirements of the lender, if the vehicle is still being financed. If you own the car or truck outright, you might not need to get what is known as “full coverage” from your Fall River auto insurance agency. However, you should always work with a local agent to ensure that whatever minimum requirements are met that you are also protecting your own interests in the event of a claim. You want the peace of mind in knowing that your auto insurance in Fall River will pay to have damages repaired or to compensate you for a total loss in the event of a serious accident.

Crucial Versus Optional Coverage

When you visit Massachusetts auto insurance companies, you will notice that there are a lot of different types of coverage. Some of them are mandatory, regulated by the state government, while others are optional and can be added or subtracted, depending on your needs. While there is no good reason to waste money on coverage that you don’t need, you also want to make sure that you are covered for potential risks that might be important to you and your situation. Working with a good agent at a reputable Fall River auto insurance company can help you to sort through all the different types of coverage to ensure that you get what you need at a price that you can afford. Paul Sullivan Auto Insurance in Fall River has a solid reputation and works as an independent insurance agency to offer our customers the best options for auto insurance in Fall River and the surrounding area.

Some of the minimum coverage that must be included in your Fall River car insurance policy are Bodily Injury to Others, Personal Injury Protection (PIP), Bodily Injury Caused by an Uninsured Auto, and coverage that pays for damage to someone else’s property. Some of the optional coverages, which could be required by a lender or chosen by you due to circumstances that put you more at risk for these types of claims include Optional Bodily Injury to Others, which extends liability protection, Medical Payments, Collision, Comprehensive, Rental Car, Towing and Labor, and Bodily Injury Caused by an Underinsured Auto. There are pros and cons to each of these additional coverage options. The best way to figure out what you need – and what you don’t – is to work with local Massachusetts auto insurance companies to go over your existing policy and discuss your goals.

Minimum Coverage Amounts

Massachusetts state law requires your auto insurance in Fall River to provide coverage up to a certain amount to ensure that basic limits are met. For example, Bodily Injury to Others has a basic limit of $20,000 per person and $40,000 per covered accident. If you want the same type of coverage for travel outside Massachusetts, you would want to add-on the Optional Bodily Injury to Others coverage, which works anywhere in the United States and Canada. It pays for damages suffered by passengers in your vehicle as well, something not covered in the mandatory minimum Bodily Injury to Others coverage. In most cases, the state-mandated minimums will not protect your assets from large claims. This is why many of our clients seek a Fall River car insurance policy that insures above the legal minimum.

Protecting your assets is essential, especially if you own a home or have other substantial assets that could be seized if you are sued for an accident. You have a lot to lose and could become a target for lawsuits. While it will cost more for a premium that has higher coverage amounts, in most cases, the increases are surprisingly small. When working with your agent, ask for price quotes that include the basic minimums, lender requirement minimums, plus increased coverage based on your unique needs. The basic limit of 50/100/50 coverage can be increased to 100/300/100 limits, effectively doubling and tripling your coverage for just a few dollars more each month. It is good to explore your options, especially when working with Paul Sullivan Auto Insurance in Fall River, where we can get you the best coverage at an affordable price.

Schedule a Consultation

Forget all of those commercials that promise to save you hundreds of dollars each year for cut-rate insurance. Contact Paul Sullivan Insurance Agency to discuss your existing Fall River car insurance policy to find out how your coverage measures up to industry standards. We can help you get the protection you need at a great rate without having to sacrifice quality for auto insurance in Fall River and the surrounding area. Contact our team by calling 508-678-9611 to speak with one of our friendly customer service agents.

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