PIP auto insurance costs will also depend on how much coverage you select.
Cost auto insurance personal injury protection. Learn more about personal injury protection. Personal injury protection also known as no-fault insurance pays the medical bills and rehabilitative costs for you and your passengers after youre injured in a car accident. Feb 17 2018 Albany New York Cant get insurance after PIP claims in.
The cheapest average is found in Arkansas at just over 16 a month. Personal Injury Protection PIP insurance or no-fault insurance is required in 16 states and helps cover the cost of accident injuries and other items including lost wages funeral expenses and certain services that you cant perform while injured like childcare. Personal injury protection car insurance covers lost wages.
Under these limits this amount is the most a drivers auto insurance company will pay per person per accident for an injured persons expenses under PIP medical coverage. Many factors go into the cost of your auto insurance policy including how you purchase the policy. If you were at fault for the accident the other injured party could claim against you.
Even if PIP coverage were priced as high as 20 per month a single injury may be enough to more than make up for the cost of insurance. The average cost of PIP insurance nationwide is 17551 according to the NAIC. In general PIP will raise the cost of your insurance policy 5 to 15 when purchasing 1000 to 10000 of PIP coverage.
Personal injury protection or PIP is a type of car insurance that pays the expenses you and your passengers incur after being hurt in a car accident regardless of who was at fault. The cost of PIP varies widely depending on the state you live in the car you drive your driving history and more. If a policyholder must miss work due to an accident or injuries personal injury protection will pay partial lost wages.
Read on to learn more about what personal protection insurance is. Compare insurance quotes in your area to check how much personal injury protection could cost you. This provides coverage for medical costs that you and your passengers incur in an accident regardless of fault.