| There is often a great deal of difference between the | | | | for medical coverage if you are in an accident with a |
| minimum amount of insurance that the state of | | | | driver who does not have any insurance or who has |
| Alabama requires of a driver in order to operate a | | | | insufficient insurance to pay for all of the medical bills |
| motorized vehicle on the roadways in Alabama, and | | | | and/or property damage caused by the accident. |
| the full coverage insurance that most lenders require | | | | Collision Insurance pays for repairs to or replacement |
| when they finance the purchase of a vehicle. At the | | | | of your vehicle if you are in an accident with another |
| very minimum you are required to purchase what is | | | | vehicle or if you strike a stationary object such as a |
| known as a 20/40/10 liability insurance policy in order to | | | | lamppost or a freeway guardrail. Comprehensive |
| legally drive in Alabama. What this means is you must | | | | Insurance protects your vehicle from accidents caused |
| have insurance that pays a minimum of $20,000 per | | | | by natural acts such as falling tree branches, hail, etc. |
| person in medical expenses, with a cap of $40,000 in | | | | You should talk to your agent about windshield |
| medical pay-outs per accident, plus your insurance | | | | insurance, which is separate on many policies. |
| must pay at least $10,000 to repair or replace any | | | | Comprehensive coverage also protects you against |
| property you have damaged in an accident. Liability | | | | acts of vandalism as well as repairing or replacing your |
| insurance does not repair or replace your vehicle and | | | | vehicle if you should strike a deer or other animal. Your |
| the minimum amounts that the state requires you to | | | | collision and comprehensive insurance should cover no |
| purchase may or may not be enough to pay for the | | | | more than the Kelly Blue Book value of your vehicle or |
| damages of any particular accident you might be | | | | the amount of the loan that your vehicle is securing. In |
| involved in. If your insurance is not sufficient to pay for | | | | no event should your comprehensive or collision policy |
| all the medical claims against you, or if your insurance | | | | be for more than the Kelly Blue Book value of your |
| is not enough to repair the property that you have | | | | vehicle. Once you or your lender have determined the |
| damaged in an accident, then you may be required to | | | | amount of liability insurance you need as well as the |
| pay the remaining balance out of your own funds. If | | | | amount of collision, comprehensive and uninsured |
| you do not have sufficient funds to pay for a | | | | motorist coverage you need, then it is time for you to |
| judgment then you conceivably could lose your home | | | | get online and find at least 3 different websites where |
| or other assets that you have managed to acquire. | | | | you can compare the prices of automobile insurance |
| And since liability insurance does not cover your | | | | policies from different companies head-to-head. Enter |
| vehicle in any way, if you finance your vehicle then | | | | the exact same figures onto the form on at least 3 |
| your lender will require that you take out additional | | | | different comparison websites and then simply choose |
| insurance in any event. Your lender will require that in | | | | the best rate you find. That's really all there is to it. |
| addition to liability coverage you also have collision and | | | | Compare the same policy on 3 different sites and |
| comprehensive coverage, both in the amount of the | | | | take the best price you find. So now you not only |
| loan that has been made to you for the purchase of | | | | know what to look for in a full coverage automobile |
| your vehicle, plus you may also be required to | | | | insurance quote in Alabama, but you also know how to |
| purchase Uninsured Motorist (UM) insurance. Uninsured | | | | compare policy prices online and come up with the |
| Motorist coverage protects your vehicle and may pay | | | | best possible price for your insurance. |