From test driving to that new car smell, it’s easy to get lost in the excitement of shopping for your new Toyota and forget about one of the most important steps in the process: car insurance. Did you know that in Rockville, MD, car owners are legally required to get auto insurance before the car is even registered? With so many options available, it can be difficult to navigate what type of insurance you need.
Liability Insurance
An accident is just that. It’s something you don’t do intentionally, but accidents happen, and liability insurance helps to pay for damage done to the other person (bodily injury coverage) and their property (property damage coverage).
While each policy is somewhat different, bodily injury coverage helps to pay for things like medical expenses and lost wages for those hurt in an accident. This could include passengers in your car, another car, or even a pedestrian. Property damage coverage pays for the material damage in an accident such as vehicle damage, damage to buildings, and even things like the fence in front of someone’s home.
By law, you’re required to have a minimum of $30,000 per person per accident and $60,000 total per accident of bodily injury coverage and $15,000 per accident in property damage coverage.
Uninsured Motorist
Unfortunately, there are folks out there who don’t follow the law, including obtaining the right types of insurance. Uninsured motorist coverage helps to pay for property damage and injuries incurred in the event that you’re in an accident where the other driver doesn’t have the necessary insurance or in the event of a hit and run. This is true whether you were in a vehicle collision or whether you were a pedestrian.
One of the perks of Uninsured Motorist coverage in Maryland is that it also includes underinsured motorist coverage. This is extremely helpful if the person who is at fault has lower insurance limits than your coverage and can help pay for the difference between the damages you incurred and the at-fault driver’s liability limits. Drivers are required to have the same minimum of uninsured motorist coverage as liability insurance.
Personal Injury Protection
This type of insurance helps to pay for lost wages and medical expenses you may face due to an accident. While Maryland requires $2,500 in coverage, there are options and potential waivers you may be able to apply in order to reduce your premiums.
Keep in mind that the type of vehicle you insure has a significant impact on the cost of insurance. Be sure to ask our sales team for more information when you visit us at DARCARS 355 Toyota of Rockville to purchase your new car.
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