Rhode Island Automobile Insurance

Rhode Island, just like most states, makes automobile insurance mandatory for all vehicles. Rhode Island uses what is called a "tort system." What this means is that fault must be found with someone involved in the automobile accident. [1] The person who is found to be at fault is responsible for all of the damages sustained by the victim. Because the person at fault is responsible for all damages, it is recommended that customers carry more than enough coverage.

The minimum Rhode Island automobile insurance coverage allowed by law in the state is $25,000 for each injured individual, $50,000 per accident, and $25,000 for property damage. [2] Although the property damage amount may be adequate, it is common knowledge that bodily injury can easily exceed $25,000 for an individual and more so if there is more than one person injured. Bodily injury can accrue costs into the hundreds of thousands depending on the severity of the injuries.

Rhode Island Insurance Protection

To highlight how important it is to have protection for your vehicle in Rhode Island, aside from the fact it is required by law, failure to have a vehicle insured or enough insurance has frequently led to lawsuits in the court system. Assets such as a home can be used to satisfy the liability.

Once automobile insurance is acquired, it is important to be able to provide proof that the vehicle is insured on demand by a law enforcement office. Failure to do so could result in consequences that include indefinite license revocation and other consequences.

Matters can become rather difficult when a person is involved in an accident and it is their fault. Not only is there an overwhelming feeling of guilt, but damage has been done. That damage is in the form of bodily injury and property damage. Having adequate insurance is very important in this case so that a person's assets are not tapped to satisfy that liability.

Rhode Island automobile insurance is also important in protecting you against uninsured or underinsured motorists, which is an option you can add on to your policy.

You do, however, have to determine what coverage you want, how much of it you want, and how many of your wants and needs will fit within your budget. This is easily achieved by the Rhode Island automobile insurance rate quote. This is simply a task that involves you answering a series of questions with your answers being relevant to your situation. This information brings about rate quotes for you to compare policies and choose the right Rhode Island automobile insurance policy for you.

You may be surprised with the facts and figures you are presented with because it is easy to see that you can have more than the Rhode Island minimum without the giant price tag. This is an ideal task to perform when looking for new coverage for your automobile or seeking out insurance for the first time.

Liability Versus Full Coverage

One reason why some Rhode Island residents pay more for Rhode Island automobile insurance than what they should is because they think that they need liability coverage even when they do not have a lien on their vehicle.

Usually a person can lower their policy to liability, which can save them money, but it is amazing how many fail to do this. Of course, liability is the minimum coverage that is required by the state on an automobile. You can alter the amount of liability coverage to ensure you have adequate Rhode Island automobile insurance.

The difference between liability and full coverage, however, lies in the fact that full coverage covers all individuals who may drive a vehicle and may include a series of add-ons such as a rental car allowance in case the car is undergoing repairs for a prolonged period of time. Some households have more than one vehicle, so this is not something that is needed.

Rhode Island automobile insurance does not have to cover more than one driver if only one driver is going to be driving the automobile. If the car is an older car, you shouldn't have to worry about extensive repairs or replacement, so liability may suffice. There is no need to have more than what you require or you are simply throwing money down the drain. To determine if you need more, review the policies and ask yourself, "Do I need this?" You may find that Rhode Island automobile insurance can be rather cut and dry. It doesn't have to be complicated.

So when looking for the right Rhode Island automobile insurance, knowing your options will help you. Also knowing what is necessary and what is not necessary can help you make informed and money-saving decisions so that you are protected in the case of an accident.

[1]http://www.dbr.state.ri.us/documents/divisions/insurance/property_casualty/com_guide-auto_insur.PDF Retrieved 06/04/2010. 
[2]http://www.dbr.state.ri.us/documents/divisions/insurance/property_casualty/com_guide-auto_insur.PDF Retrieved 06/04/2010.

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