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In various jurisdictions, your insurance company may bear the cost of accidents irrespective of “fault.” Thus joining an insurance company with a lower-risk poo
by the_optimist 3y ago
In various jurisdictions, your insurance company may bear the cost of accidents irrespective of “fault.” Thus joining an insurance company with a lower-risk pool of drivers does not necessarily reduce your insurance premiums.
- zdragnar 3y agoMinnesota, for example, is a "no fault state", meaning that if you are in an accident and are injured, you must have personal injury protection as part of your insurance package, or you will pay out of pocket. Conversely, just across the border, Wisconsin is a tort state- meaning that liability is determined based on who is found at fault, and you recover your damages from the liable party. Generally speaking, if you have personal injury protection and / or comprehensive coverage, your insurance company will pay you and go after the other party (or other party's insurance) on their own. Insurance companies in both types of states will favor drivers with clean records, but tort states tend (in my experience) to have lower premiums for good drivers. Either way, minimum liability coverage as determined by law isn't really sufficient if you want to drive. Comprehensive coverage is the way to go.