Auto liability coverage is mandatory in most states, including Minnesota.
Drivers are legally required to purchase at least the minimum amount of liability coverage set by state law.
Liability coverage consists of:
PERSONAL INJURY PROTECTION (PIP)
PIP provides basic economic loss benefits. If you are injured in an accident, regardless of who is at fault, this portion of your policy pays you and members of your household, within the stated limits, for medical expenses, lost wages, and replacement services.
It is a required coverage in the state of Minnesota.
If you're hit by a driver that doesn't have insurance, this coverage can help cover the costs of your medical bills and even vehicle repairs (depending on the state).
This coverage pays for your medical expenses after you have
exhausted your PIP benefits.
If you're hit by an underinsured driver, that means their existing car insurance liability coverage isn't enough to cover your medical bills resulting from the accident.
This coverage pays pays, within stated limits, only for medical claims of those covered by your policy. These benefits are in addition to your PIP benefits.
Comprehensive may help cover vehicle repairs or replacement (up to the vehicle's actual cash value) for damages resulting from things like theft, fire, hail or vandalism.
Comprehensive coverage may be required if you're leasing your vehicle or have an auto loan.
If you're involved in an accident with another vehicle, or if you hit an object such as a guardrail or sign, this coverage may help cover the costs to repair or replace your car (up to the actual cash value of your vehicle).
Most lenders and lease holders will require collision coverage. If your car is paid off, this coverage is optional.
Roadside assistance is a coverage to protect against non-accident events, such as:
Rental reimbursement coverage pays for a rental car while yours is in the shop after an accident.
Coverages
When it comes to insurance, there are a lot of variables that play into forming a well-rounded policy. Some of these variables include coverages, requirements, limits, deductibles, and stipulations that vary from state to state. That's why it's invaluable to have an expert in your corner to help guide you through the must-haves (requirements) and recommendations when deciding on a policy.
Here are Smart Stop Brokers, we help individuals from all walks of life, including businesses, find the best insurance solution for their unique situation.
Personalized
The best part about working with an insurance broker like Smart Stop Brokers is that you have a direct, experienced, point of contact advocating for your best interests.
We make the quoting process easy and flexible by offering online form submission, over the phone, and walk-in capabilities to suit your preference.
Customized
We'll start by gathering your basic information and understand your budget, then provide you with the best options for your needs.
Whether you need an auto policy that fulfills your state's liability requirements or provides more coverage, we’ll help you build a custom plan that suits your lifestyle.
Full Service Shop
When you choose Smart Stop Brokers, we ensure you're taken care of, especially when life throws those dangerous (or simply inconvenient) curveballs your way.
From emergency roadside service, to glass/windshield replacement, we have your back.
Dedicated Service and Competitive Rates
Our clients appreciate the personalized attention we provide in our 1-on-1 consultations.
Let our team find you the best value at the best rate to help secure your financial future.
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