Posts Tagged ‘personal injury protection’

Florida Auto Insurance

Tuesday, September 21st, 2010

Florida auto insurance has increased in cost over the past twelve months with premiums rising by 5% compared to a similar period in 2008. However, costs are still $68 lower than the average cost of an insurance policy throughout the rest of the United States.

The minimum level of Florida auto insurance is $10,000 worth of property damage cover and $10,000 of personal injury protection. It is not a legal requirement for drivers to have injury liability cover for third parties although it is a recommended addition to any policy. If a driver takes out Florida auto insurance without third party injury cover, they will still be liable if found to be at fault in the event of an accident.

However, injury liability does become compulsory if a driver has already been in an ‘at fault’ accident where they have been unable to meet the financial requirements of liability. Although an insurer must offer stacked Florida auto insurance, there is no obligation to actually purchase it. Part-time residents who spend more than 90 days in the Sunshine State are also required to have the minimum level of Florida auto insurance.

Purchasing Florida auto insurance has become a little more difficult in recent times, particularly as many car and home insurers have ceased operating in the state after a high number of claims in relation to natural disasters over recent years. Perhaps the most effective means of securing cost-effective Florida auto insurance is by the use of a price comparison website where multiple insurers that are registered to trade in the Sunshine State operate in direct competition with each other in order to secure ongoing business.

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Posted in Florida, USA |

Pennsylvania Car Insurance

Tuesday, September 21st, 2010

As one of the most densely populated areas within the United States, Pennsylvania actually fares quite well when it comes to insurance costs. Pennsylvania car insurance cost an average of $1.987 during 2009 which represents a figure of just 14% above the equivalent average for the entire country. It is important to note that Pennsylvania car insurance operates under the Tort system used in many other US states and a basic level of cover is mandatory.

The state of Pennsylvania operates under ‘No-Fault Insurance’ laws and because of this, many of the compulsory policy additions in place throughout the rest of the US are not actually applicable to residents of the Keystone State.

Pennsylvanian law demands that all drivers have a minimum of $15,000 of cover per person for bodily injury liability that is extendable to a total of $30,000 per accident. This section of Pennsylvania car insurance offers protection against lost income, medical fees and legal costs incurred by any third party or parties.

Additionally, Pennsylvania car insurance laws require all drivers to carry a minimum level of cover to a value of $5.000 for property damage liability sustained in the event of any road traffic accident where the policyholder is deemed to be at fault.

Furthermore, personal injury protection (PIP) is another aspect of compulsory state laws and it is obligatory to purchase a minimum of $5,000 worth of PIP cover. PIP coverage offers protection for any named person on a Pennsylvania car insurance policy as well as residents living in the same household to where an insured vehicle is registered.

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Posted in Pennsylvania, USA |

Oregon Auto Insurance

Saturday, September 18th, 2010

Oregon auto insurance prices underwent an incredibly dramatic rise in 2009 and premiums were 26% higher during this period than they were throughout the previous 12 months. However, the average cost of Oregon auto insurance is $1,721 which is still $14 below the national US average.

As with all other US states, drivers in Oregon are required to purchase a minimum level of auto insurance before getting behind the wheel of a car. The minimum level of coverage is as follows:

• $25,000 of bodily injury liability for one person

• $50,000 of bodily injury liability per accident

• $20,000 of property damage cover

• $15,000 of personal injury protection

• Protection against underinsured or uninsured motorists ($25,000/$50,000 limit)

It is also a legal requirement for owners of Oregon auto insurance to carry the relevant documentation in their vehicles so it can be produced in the event of a road traffic accident. However, a card from the issuing insurance carrier should be sufficient for presentation in most instances.

Insurance companies are also required by law to present validity of an auto insurance policy and are obliged to contact the Department of Motor Vehicles if a policy is cancelled or payments are missed. Failure to purchase Oregon auto insurance can result in the suspension or revocation of a driving license although this is not considered to be mandatory for first-time offenders.

Laws regarding Oregon auto insurance are based on the ‘No Fault’ system. This means that motorists can receive payment from their own insurance companies irrespective of who was at fault in a road traffic accident. However, Oregon also applies ‘Add-On’ laws which give victims of an accident the right to pursue claims against other individuals for medical costs, out-of-pocket expenses or for pain and suffering caused as a result of direct negligence.

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Posted in Oregon, USA |

Oregon Car Insurance

Saturday, September 18th, 2010

Oregon car insurance laws require all vehicles within the Beaver State to be adequately covered. Throughout the US, many millions of dollars worth of damage is caused by either uninsured or underinsured drivers every year. The mandatory laws regarding Oregon car insurance require that drivers carry an absolute minimum of the following coverage:

Bodily Injury Liability

A minimum level of $25,000 worth of bodily injury liability per person is required while $50,000 of bodily injury liability is required per accident to cover injuries sustained to two or more persons.

Property Damage Liability

$20,000 of property damage liability is required to cover the costs of accidental damage to third party vehicles and any related property.

Personal injury Protection

Personal injury protection is effectively ‘no fault’ insurance. Coverage allows the driver and passengers of a vehicle to receive sufficient coverage for medical bills, surgery, loss of earnings and funeral expenses regardless of who was at fault in an accident.

Uninsured or Underinsured Coverage

$25,000 per bodily injury protection for one person and $50,000 of bodily injury protection per accident is required should the policy holder be injured in an accident where an uninsured or underinsured driver is at fault.

Oregon car insurance laws also dictate that drivers carry evidence of liability insurance displaying the date a policy became effective and when it is due to end. Failure to produce documentation at the scene of an accident or at the request of a law enforcement officer can see a license either revoked or suspended under Oregon car insurance laws.

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Posted in Oregon, USA |

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