No fault automobile insurance coverage is mandatory, not a choice in Michigan. You can get into a lot of trouble for driving your car if it is uninsured. Car Insurance in Canton, MI does not have to cost a small fortune when you know what to consider when choosing it. The following will discuss the things you must factor into your selection of car insurance coverage.
Coverage Minimums
Personal Injury Protection, or PIP, is part of a no-fault policy and is required as part of the minimum coverage for vehicles in Michigan. This is for your own protection just like Personal Protection Insurance (PPI) is for damage done to property like another vehicle, building, or a fence.
Residual Liability Insurance is a mandatory part of your no-fault coverage. It include Bodily Injury and Property Damage. The minimum coverage is often referred to as 20/40/10 coverage. That stands for $20,000 for a person injured or killed in a crash, $40,000 for an accident where multiple people are injured or killed, and $10,000 for property damage that occurs in another state. All this residual liability Car Insurance in Canton, MI relates to accidents in and out of the state.
Optional Coverage
No-fault insurance does not cover the repairs for your vehicle if it is damaged in an accident. Coverage called Comprehensive and Collision is the coverage types that cover that issue. If your vehicle is paid for and you own it with no liens or loans on it, this coverage is optional. While the state does not require this coverage, your vehicle lender will require that you carry Comp and Collision.
Uninsured and Under-insured Motorists
Coverage to take care of your injuries and damages if you are in an accident with a driver that does not carry auto insurance coverage is optional. You may have to opt out of it depending on the insurance carrier you choose. It is also good coverage to have in case you are in an accident with someone who is underinsured. This coverage is most common at limits of 20/40 ($20,000 per person and $40,000 per accident).
Your Car Insurance in Canton, MI options can be discussed with your local agent. The America One Michigan Insurance Group can help you decide what coverage will be best for your needs. Remember to ask about discounts for having your Home Insurance, car insurance, and other types of insurance from one provider to save money.
