Many different states throughout the nation have unique laws and limits in place when it comes to automobile insurance. Montana’s one of such places where it is mandatory that motorists have liability coverage before being legally allowed to operate an automobile. Furthermore, this liability coverage has monetary limits that must be met. A motorist must have a policy with at least $25,000 for bodily injury to one person in a single accident, $50,000 for two or more people in a single accident, and $10,000 for property damages. It is important to note that this form of coverage would only pay for damages for which the insured was responsible. If the covered motorist is at fault, then this would include injuries or funeral costs of the occupants of the vehicle that was struck, as well as any property damages. This does not include damages caused to the insured.
Because MT wants to be sure that all residents are properly covered, it is required by law that all Montana car insurance providers offer clients uninsured motorist protection before they sign for a policy. Although a driver can choose to opt out of this additional coverage, doing so is often discouraged. It is speculated that roughly 15% of residents are driving without coverage, meaning that there is a chance that choosing not to include uninsured motorist protection could prove hazardous for vehicle owners. If obtained, this additional protection would cover damages up to the policy limits that are sustained from an accident with an uninsured driver, while choosing not to have it would leave the motorist vulnerable to incurring such expenses.
Residents are informed in the Montana 2010 Automobile Insurance Rate Comparison Guide that not all motorists can obtain coverage from any provider. Typically, companies have a specific market and type of driver whom they cater too, which is generally broken down into three distinct markets: non-standard, standard, and preferred. What this essentially means is that if a Montanan is in need of coverage then they must do some research in order to find the right provider that can offer the desired protection at an affordable price. With only a small amount of effort, a resident can apply the information mentioned about the state requirements and uninsured motorist statistics into finding a suitable policy.
In addition to the state’s requirements, considering added protection may be wise. When purchasing a policy one might choose to purchase higher liability limits instead of simply staying with what is required in order to improve the level of coverage obtained; doing so usually amounts to only a few extra premium dollars a year. With the desire for increased liability limits in place a motorist can make quote comparisons to find a company that offers this improved protection at a fair price. Vehicle owners may even choose to accept or even improve the uninsured motorist protection that all companies are required to offer. By understanding the important details about MT policies and insurance laws a motorist can make better, more informed, and more confident decisions about the type and quantity of automobile protection that they desire.
Source: http://www.onlineautoinsurance.com/montana/
