Optional Car Insurance Coverages
The Massachusetts Auto policy has 12 parts. Parts 1-4 are required by law. Parts 5-12 are optional. Here is a listing of the optional parts.
Part 5 – Optional Bodily Injury to Others – Optional – This is an important part as it covers passengers in your car as well as bodily injury to others outside Massachusetts. It is not expensive (maybe $100 for the year) for what it covers. 20/40 is standard but higher limits are recommended – 50/100 or even 100/300 – ask us for a quote. If you have kids this is a must.
Part 6 – Medical Payments – Optional – Pays reasonable medical expenses and funeral services as the result of an accident. Inexpensive for what it offers. Ask us for a quote.
Part 7 – Collision – If you have a loan on your vehicle this part is mandatory. It can be expensive depending on your driving record. This part has a deductible – or the amount you are responsible for if you have a claim. Deductibles available are $300, $500 and $1000. The lower the deductible the more expensive. Most common is $500.
Part 8 – Limited Collision – Optional – Pays only if you are not at fault and does not pay for hit and run. Most choose to bypass this part.
Part 9 – Comprehensive – If you have a loan on your vehicle this part is mandatory. Covers for stolen, vandalism, fire and glass. This part has a deductible – of $300 or $500. Most common is $300 and be sure there is no deductible on glass. A good part to have in our area. Usually only ranges about $100 – $300 for the year.
Part 10 – Substitute Transportation – Optional – Helps pay for a rental car if you have a covered claim on your policy. Inexpensive $15 – $60 for the year. Can get $15 a day for 30 days or $30 a day for 30 days.
Part 11 – Towing and Labor – Optional – If you need a tow you have to call the tow company, pay for the tow – then submit the bill to the insurance company – they would reimburse you $50 or $100 depending on which you choose. A better deal is AAA – they will tow you up to 100 miles for free once you purchase their $95 yearly membership.
Part 12 – Bodily Injury Caused by an Underinsured Auto – Optional – Covers injuries that are in excess when the at fault vehicle is underinsured. Good coverage to have – 20/40 standard – we recommend higher limits of 50/100 – 100/300.
It is All Up to You
All of the parts to the policy have their place. Some are required most are not. You can mix and match the coverage to fit your needs. This should help you decide how to choose the right auto insurance coverage for you.
If you have any questions please call my office and we will assist you the best we can.