Car Insurance in Minnesota
Auto Insurance provides you with safety and financial security. It saves you from having to spend huge ums of money on damages incurred if you get into an accident. Car insurance is made mandatory by every state in the US. It is important to realize that it is for your own benefits. Insurance provides you with a safety net to rely on. Although you have to pay monthly premiums, it becomes a saving for your bad times on the road. Insurance covers all sorts of medical costs incurred, physical injury of yourself or the other person if you are at fault and also auto repair charges. Most people believe that because they are cautious drivers they don’t need insurance. No matter how safe you are on the road you can never plan against what the next bend or turn may bring you to face. When you are driving on the road it is not just you, but you are subject to other people’s actions on the road too.
Like every other state, Minnesota is very strict in ensuring that each registered vehicle owner has indeed insured his or her car. Where most states just make liability insurance compulsory, the state of Minnesota requires you to have personal injury coverage and uninsured motorist overage too. Minnesota Car Insurance consists of minimum state requirements of each type of coverage named above.
For those residents who have a bad driving record and are finding it difficult to get insurance, they can make use of the Minnesota Automobile Insurance Plan of the state. Personal Injury Protection pays for medical bills, lost wages and replacement services for an accident regardless of who is at fault. This is basic economic loss benefits. For all types of coverages there are minimum requirements, but you can up the ante by getting more and also looking through other types of coverage that are available. Many drivers opt for extensive insurance coverage.
Minnesota car Insurance law requires all drivers to carry the proof of their financial responsibility with them at all times. This could be in the form of an insurance card or a policy certificate. Failure to do so might result in heavy fines or suspension of driver’s license.
Are there any Minnesota auto insurance requirements related to the no-fault act?
As Minnesota is a no-fault state, all motorists are required to abide by the respective vehicle insurance requirements. According to the Minnesota Statues 65B.48, all owners of motor vehicles registered in Minnesota are required to have sufficient personal insurance regardless of whether it was their’s or the other driver’s fault. Any violation of this law will result in a range of penalties, fines and even imprisonment.
What are the various types of coverage for which car insurance quotes Minnesota are required?
There are four basic types of insurance covers for which you should get quotes from a licensed insurance provider. There is the Personal injury protection (PIP) that covers you as well as the members of your household in the instance of an accident. The Liability insurance covers the claims when you are at fault and the Underinsured and Uninsured Coverage is in case when the other driver, being at fault, does not have sufficient coverage to address your medical bills.
