Your safety is in your own hands. So, when out on the road, it is your duty to ensure your safety.
Danny, a first-time car-buyer was conscious of his role in fortifying his own safety while out on
the road. Many states have a minimum law that requires motorists to prove economic
responsibility when driving on the road. You either must buy the minimum auto insurance, or
you must post a bond.

For example, as of 2023, the minimum Arizona insurance coverage provisions are: $25,000
bodily injury per person, $50,000 bodily injury per accident, and $15,000 property damage.

The National Safety Council tells us:

The average vehicle on the road costs about $50,000 and the average hospital stay, because
of an auto accident, runs about $67,000. This explains that the minimum insurance is not
usually enough. So, be sure you buy greater limits than just mentioned.

Additionally, in Arizona, 11% of all vehicles on the road do not have ANY auto insurance
coverage.
There is a coverage known as Uninsured and Underinsured Motorist for Bodily Injury
(UMBI). This insurance protects you if you are hit by someone with little or no insurance.
Arizona does NOT offer uninsured and underinsured property damage. Your property
damage (collision/comprehensive insurance) will take over if the person who hits you does
not have enough property coverage. This explains the need to make sure that your coverage
is higher than the minimum. So, check with your state to see if you can buy Uninsured or
Underinsured Property Damage (UMPD).

The uninsured and underinsured motorist coverage will protect you for medical purposes, if
somebody hits you, sending you to the hospital or doctor. If you don’t purchase this type of
coverage, YOUR insurance policy will have to pay your medical bills. If your insurance must
pay your medical expenses, you might experience increased premiums, even if it wasn’t your
fault. This is another reason to buy the uninsured and underinsured coverage. The same problem
can occur if your state allows purchase of (UMPD), and you choose not to buy it.

The uninsured and underinsured motorist coverage will protect you for medical purposes, if
somebody hits you, sending you to the hospital or doctor. If you don’t purchase this type of
coverage, YOUR insurance policy will have to pay your medical bills. If your insurance must
pay your medical expenses, you might experience increased premiums, even if it wasn’t your
fault. This is another reason to buy the uninsured and underinsured coverage. The same problem
can occur if your state allows purchase of (UMPD), and you choose not to buy it.

Another insurance policy to consider is Umbrella Insurance. Here, the umbrella policy will kick
in, if your other insurance is not enough to cover the costs, coverages, medical and property
damage that you are involved in. You might think of just buying minimum coverage, then buy
high umbrella, but remember, insurance companies are on to this.

Insurance companies usually require that you buy higher insurance coverage before allowing you
to buy umbrella policies. Umbrella Insurance Coverage is good for both accidents on the road or
at home. If friends or family are injured or hurt at your home, office, or while in your vehicle,
and you don’t have enough insurance to cover the damages, your Umbrella policy may protect
you from filing bankruptcy or suffering major financial distress, from potential lawsuits even
from family and friends that are hurt while on your property. Check with your insurance provider
about Umbrella Insurance Coverage.

Here are some points to remember:

Minimum Arizona insurance is not enough to cover most accidents.

Minimum Arizona insurance limits increased in 2020.

Underinsured and uninsured motorists are for bodily injury only in Arizona, but other states
offer property damage coverage, in addition.

Not buying this added insurance could easily increase your premiums, even though the
accident is not your fault.

Always consider umbrella insurance as another form of protection from potential lawsuits

Call today, don’t delay! See how this affects you. We can be reached at 602-264-9331 and on all social media under azmoneyguy.

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