FAQs About Automobile Coverage Answered By An Insurance Agency in Sutton, MA

by | Nov 9, 2016 | Insurance

In Massachusetts, automobile owners protect themselves and their property via the right insurance coverage. Under state laws, they are required to fulfill the mandate for auto coverage. However, they aren’t limited to the basic coverage level. The following are FAQs about automobile coverage answered by an insurance agency in Sutton MA.

What Coverage is Required in Massachusetts?

The state of Massachusetts is a no-fault state. The auto owners must possess liability, uninsured motorist, and personal injury protection. The liability policy offers $20,000 for the first injury and $40,000 for all additional injuries that occurred during the accident. The policy offers $5,000 for all property damage that happens. The uninsured motorist policy offers the same $20,000 and $40,000 worth of coverage as the liability policy. Finally, the auto owner receives $8,000 for personal injury protection coverage.

What Additional Options Help All Automobile Owners?

The automobile owner increases their liability coverage by acquiring collision insurance. The policy pays for any collision that occurs and causes damage to the policyholder’s vehicle. This includes any event that happened when the car was parked. If they prefer the highest coverage value, they can acquire comprehensive coverage. It pays for any injury or personal property damage for their vehicle and any other owner involved.

What Factors Increase Insurance Premiums?

The auto owner’s driving record has the greatest impact on their premiums. Next, their credit rating affects the premiums based on a preconceived risk. The age of drivers who have access to the vehicle is another factor that increases premiums. Finally, the distance in which the vehicle travels plays a role in generating premium costs.

What Drivers Pay the Highest Premiums and When are These Rates Reduced?

Drivers between the ages of sixteen and twenty-five pay the highest premiums. If they are involved in an accident, these premiums are increased. Once these drivers turn twenty-five, they see a considerable decrease in their premium expenses.

In Massachusetts, automobile owners protect their investments by buying an insurance policy. The type of policy they acquire defines the level of coverage they possess. Auto owners who need coverage contact an Insurance Agency In Sutton MA for more info today.

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