Massachusetts, is the fourth most expensive state in the United States for car insurance, and is one of the most difficult when it comes to mandatory minimum auto insurance coverage. These requirements are discussed below.
Personal injury protection (PIP)
In an attempt to reduce the number of disputes arising from car accidents, Massachusetts, became a state through no fault of the SOM time ago. This means that every driver must have a minimumPIP coverage of $ 8,000 to pay his medical bills driver, vehicle damage and lost work time.
Auto Insurance
Bodily injury and property damage to third parties
There is also a requirement to have coverage for damage to persons and property suffered by others in an accident caused by drivers insured. The minimum coverage level is $ 20,000 for medical expenses incurred by a single person and $ 40 000 for combined medical expenses of all occupants of the cartime of an accident and $ 5,000 for property damage.
If the actual medical expenses and / or the cost of damage exceeds this level, then blame the driver to bridge the gap. While the culprit is the driver's medical expenses covered by the PIP, the damage to his vehicle or other property are not. For this reason it is recommended that drivers carry more than the minimum coverage.
Coverage of pilot Un-insured/Under-Insured
And 'mandatory in Massachusetts, for every un-insured/under-insured driver driver coverage. This will pay for the damage to the vehicle or person arising from an incident involving a motorist who is insured or uninsured or underinsured and unable to pay damages or leaving the scene of the accident.
The automotive industry is highly regulated Massachusetts insurance, which discourages firms can do business. This lack of competition tends to drive> Auto Insurance Rates in place. State laws were passed that allowed some liberalization of the market and others are being introduced which will hopefully attract the state auto insurance companies and then force down rates.
Massachusetts Auto Insurance - Facts
