Automobile Insurance in Mississippi is necessary in order to protect you in the unfortunate event that you become involved in an automobile accident.
If you should have an accident, one of two scenarios typically play out.
The first scenario is where you or one of your family members actually is at-fault in the accident. Perhaps you ran a stop sign or followed to close and because of this, an accident occurred. When you are involved in an automobile accident for which you are at fault, the legal system requires that you pay for any damages done and for any injuries sustained in that accident.
AUTOMOBILE LIABILITY COVERAGE
In order to take care of this exposure, Mississippi automobile insurance provides Liability coverage. Liability coverage takes care of the injuries you cause to others or to the damage you cause to their property for which you are responsible. In fact, it is a state law in most states, including ours, that you have liability insurance in place before you operate an automobile on public streets.
The minimum limits that you are allowed to carry in Mississippi are $ 25,000/$ 50,000/ $ 25,000.
What these numbers mean is this: The first $ 25,000 is the limit that is available for bodily injury to any one person. The second number $ 50,000 is the amount available for bodily injuries sustained by more than one person. If more than one person is hurt, the most that the insurance company will pay would be not more than $ 25,000 for any one person and not more than $ 50,000 for all injuries combined.
The final number $ 25,000 is the amount available for property damage that you cause. This would also include the loss of use of the property that was damaged…..and this can be large!!
Even though these are the minimum limits you can purchase according to our statutes, it is not necessarily a good idea to buy these minimum limits. Since hospital stays are now so expensive and since bodily injury claims usually include soft damages such as pain and suffering and loss of consortium, it is advisable to purchase much higher limits than these minimum limits.
And the good news is that the higher limits do not usually add a whole lot to your premiums.
The second scenario would be if you were not responsible for the accident. In other words, another party in the accident was at fault. In this case, there is a good chance that your automobile insurance will not have to respond at all; the other party’s insurance should pay for your losses. But what happens if they don’t have any insurance?
Oh, and by the way, Mississippi leads the country in the number of uninsured motor vehicles on the roads!!!!!
UNINSURED MOTORIST COVERAGE
If the at fault party does not carry liability insurance coverage, then you can still be protected by your insurance coverage if you have purchased Uninsured Motorists Coverage. This valuable coverage protects you for both injuries and physical damage if an uninsured motor vehicle causes the accident and it is that operator’s fault. S
ince we have so many of these vehicles on the streets, this coverage is extremely valuable and we strongly suggest that you consider purchasing high limits.
COMPREHENSIVE AND COLLISION COVERAGES
About a month ago, a tree fell on my pickup truck in my driveway. The damage caused to your automobile from any cause other than an auto accident , like my falling tree, is picked up by a coverage known either as Comprehensive or Other Than Collision Coverage. If your auto is stolen, burned, vandalized, flooded, etc., this coverage would respond.
If you’ll note, most of these things are things that are out of your control so this is also a very necessary coverage. If your autos are older and you are not worried about their damage and if you want to save a little on your premium, this is a coverage that you may choose to self-insure.
Collision Coverage is available to pay for damage to your vehicle if it is damaged in an accident. Keep in mind, if the other party is at fault, either their liability coverage or your Uninsured Motorists Coverage could respond. But let’s say, you simply lose control of the vehicle and hit a pole. Collision is the coverage that takes care of damage to your vehicle in cases like this. Both Comprehensive and Collision coverages are going to be subject to the application of a deductible.
Deductibles are usually set somewhere around $ 500 or $1,000 so that insurance companies are not called on to pay for the smaller losses.
OTHER AUTO INSURANCE COVERAGES
There are several other coverages that can be added to most automobile insurance policies in Mississippi, at the insured’s option. One of those is Medical Payments. This coverage provides a limit of coverage, usually around $ 5,000, to pay for emergency first aid for small claims, regardless of fault. Having the availability of this coverage to offer to occupants of your vehicle is sometimes a good way to avoid being brought into a lawsuit for those injuries.
Remember, this coverage will respond to occupants of your auto regardless of whether you or the other party is at fault.
Towing and Labor (or Emergency Road Services) is sometimes added to automobile policies as well. This typically has a small limit of around $ 100 to simply reimburse you if your car becomes disabled and has to be towed to a shop.
DRIVING VEHICLES OWNED BY OTHERS…AM I COVERED?
The automobile liability coverage in Mississippi is very broad. There are some limitations and exclusions however and that is where we can help answer questions. We get the question above quite frequently. Please click here and check out the blog post on this website that answers that question for you.
THANK YOU FOR TRUSTING US WITH YOUR AUTOMOBILE INSURANCE….YOUR TRUST ISN’T TAKEN LIGHTLY AND IS GREATLY APPRECIATED!!!