Do You Have the Right Car Insurance? How to Protect Yourself Before an Accident

Car Insurance Day on February 1 is the perfect time to review your policy and ensure you have the right coverage to protect yourself in the event of an accident. Many drivers don’t realize they’re underinsured until it’s too late.

Understanding your coverage options and making informed decisions can save you from significant financial and legal trouble down the road.

Understanding the Basics of Car Insurance

Car insurance policies are made up of different types of coverage. Here’s a breakdown of the most important ones:

Liability Coverage (Required in Most States)

• Bodily Injury Liability (BIL): Covers medical expenses, lost wages, and legal fees if you cause an accident that injures someone else.
• Property Damage Liability (PDL): Pays for damage to another person’s vehicle or property if you’re at fault.
• Minimum Requirement Isn’t Always Enough: State minimums are often too low to cover serious accidents, leaving you personally responsible for additional costs.

Uninsured/Underinsured Motorist Coverage (Highly Recommended)

• Covers your expenses if you’re hit by a driver without insurance or enough coverage.
• This coverage is crucial, especially in Nevada, where nearly 1 in 10 drivers is uninsured.

Comprehensive and Collision Coverage

• Collision Coverage: Pays for repairs to your car after an accident, regardless of fault.
• Comprehensive Coverage: Protects against theft, vandalism, natural disasters, and damage from animals.
• Required if you have a car loan or lease, but it is also a smart choice for newer vehicles.

Medical Payments (MedPay) & Personal Injury Protection (PIP)

• MedPay: Covers medical expenses for you and your passengers after an accident, regardless of fault.
• PIP: Similar to MedPay, PIP may cover lost wages and other related expenses, depending on the state.
• Nevada does not require PIP, but MedPay can be a valuable add-on.

Gap Insurance (For Leased or Financed Vehicles)

• If your car is totaled and you owe more on your loan than the car’s current value, gap insurance covers the difference.
• Recommended for newer cars, especially in the first few years when depreciation is highest.

How to Ensure You Have the Best Coverage

• Review Your Policy Annually: Your financial situation and driving habits may change, so adjust coverage as needed.
• Consider Higher Liability Limits: Minimums often fall short—opting for higher limits can prevent out-of-pocket expenses.
• Don’t Skip Uninsured/Underinsured Coverage: Essential in protecting yourself against irresponsible drivers.
• Understand Deductibles: A lower deductible means less upfront cost after an accident, but a higher deductible lowers your premium.
• Check for Discounts: Many insurers offer discounts for safe driving, bundling policies, or using telematics devices.

Get Help After an Accident

Even with great coverage, dealing with insurance companies after an accident can be frustrating. If you’ve been hurt in a crash, Sam & Ash Injury Law can help ensure you get the compensation you deserve. Call us 24/7 at (702) 857-6566 or click here for a free consultation.

Sam & Ash – Because You Deserve What’s Right.