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Different Insurance Coverage Types for your Dodge Dakota
While most people pay their car insurance bills each month without paying much attention to the different types of coverage they have, savvy Dodge Dakota owners will take the time to understand and examine their car insurance policy to make sure that they have the correct amount of each type of coverage. While some level of insurance coverage is required for all drivers, the amount and type of coverage you have can significantly affect both your insurance premium and the amount of reimbursement you receive if you need to file a claim. Here are some of the most common types of insurance coverage that you may need to consider:
Liability Insurance: Just as its name states, liability insurance covers you against damages to other drivers and their cars that you are liable for in the case of an accident where you are at fault. There are two main types of liability coverage: Bodily Injury Liability (which covers any medical expenses in the event of an injury) and Property Damage Liability (which covers damages to the other driverís car or personal property. Liability coverage is usually a requirement for operating a vehicle, although the amount may differ per state. Liability insurance is usually written as two different numbers (i.e. 20/100) where the first number is the amount the company will pay (in thousands) per person and the second is per accident.
Physical Damage Coverage: As opposed to liability insurance, Physical Damage insurance covers your carin the event of an accident. The two main components of this type of coverage are: Collision Coverage (which covers damages to your car as a result of a collision) and Comprehensive Coverage (which covers you against damage to your car from something other than a collision Ė such as theft, vandalism, or good old mother-nature. While physical damage coverage is usually not a requirement by law, that doesnít mean you should forget about it entirely. If you own a brand new (or relatively new) Dodge Dakota, youíll want to make sure that you have enough coverage to fix or replace your truck in the event of an accident. If your Dakota is older or in poor condition you may want to forgo property damage coverage all together.
Uninsured Motorist Coverage: Although itís against the law, some drivers still refuse to purchase auto insurance coverage. If you are in an accident and an uninsured (or underinsured) driver is at fault, you may have trouble collecting the full amount of your damages. By purchasing uninsured motorist coverage, you can protect yourself against the possibility that the other driverís insurance wonít cover the full extent of the damages to your Dodge Dakota.† And although your chances of having an accident with an uninsured driver are relatively low, the added peace of mind that comes with this type of coverage may be worth it to you.
While there are a number of other different types of car insurance coverage that you can purchase for your Dodge Dakota, the three listed above are the most common forms of coverage that you are going to need to consider. By having a clear understanding of what each of these types of insurance cover, youíll be able to choose exactly what level of coverage you need and save money by eliminating the coverage that you donít.