The Importance of Adequate Auto Insurance in Huntington, WV

Driving without auto insurance is illegal in Huntington, WV. Though some people with tight budgets may choose to have only the state-mandated minimum requirement to save on costs, this may not necessarily be wise. At Partners Insurance & Financial Services Inc., we can assist you in finding an affordable auto policy that suits your budget.

Minimum Coverage in West Virginia

In West Virginia, drivers are required to have a minimum insurance coverage. This includes $25,000 per person and $50,000 per accident for bodily injury liability and uninsured and underinsured motorist liability, along with $25,000 insurance per accident to cover property damage. While these amounts may seem substantial, they may not always be adequate. While minimal coverage will usually suffice for most drivers in a minor accident, when a serious accident occurs, and the insured driver is at fault, these coverage limits may not stretch far enough, especially considering inflation trends over the years. So, what is the best course of action for drivers?

Insuring to Cover Your Net Worth

When responsible for an accident, you are liable for the other drivers’ and passengers’ injuries, even if your insurance coverage is insufficient. The other drivers and passengers can sue you for payment, and you could risk losing all your assets. It is generally recommended to ensure your net worth to safeguard you in the event of a catastrophic accident. Ensure your policy provides a substantial coverage for uninsured/underinsured drivers. Despite being legally required for drivers to have coverage, estimates show that one in seven drivers do not have insurance.

Partners Insurance & Financial Services Inc., serving residents in Huntington, WV, can help you create a policy that provides you with the necessary protection. Contact our office today to get started.

In the United States, nearly every state government requires that drivers have auto insurance policies. Let’s take a closer look at why such insurance is mandated and how such regulations make driving safer for everyone. If you have any questions and are looking for an insurance agent who serves Huntington, WV, and other communities nearby, get in touch with Partners Insurance & Financial Services Inc.

Why Auto Insurance is Required in West Virginia and Elsewhere

In West Virginia and many other states, drivers are required to take out insurance that covers other parties. The idea here is that if a driver causes an accident, they will have an insurance policy to pay for the damages and healthcare costs of other not-at-fault parties. This ensures that if a driver causes an accident, non-liable parties are protected to some degree.

Without insurance, every car accident could quickly result in hefty bills that families couldn’t afford to pay. Healthcare costs, repairing damage to vehicles and other properties, and various other expenses could become a significant burden. Quite likely, lawsuits would become very common as drivers sue one another in an attempt to recoup losses. 

Car insurance simplifies things a bit by ensuring that some costs are covered. What specifically is covered by an auto insurance plan can vary substantially, so it’s wise to work with an insurance agent to understand what is and is not covered. At a minimum, you’ll have to carry coverage for bodily injuries and property damage for other drivers. If you are found at fault, your auto insurance may cover various costs for the different parties involved in an accident.

Need help selecting the right auto insurance policy and looking for an agency that serves Huntington, WV? Contact Partners Insurance & Financial Services Inc.