In every state, drivers are expected to get a minimum amount of auto insurance coverage. This coverage doesn’t just protect you, it also protects other individuals in situations where you cause an accident. Car insurance is vital, especially if you suffer injury on the road.
Alaska Auto Insurance Minimum Coverage
In many states, there is a common liability coverage requirement of 25-50-25:
- $25,000 for injuries caused to one person
- $50,000 for injuries in total
- $25,000 for damage to property
In Alaska, the minimum for injuries is much higher: $50,000 for injuries caused to one person, $100,000 for injuries in total. Compared to states that require $10,000/$20,000, this looks like a very high number, but is it high enough to cover all the costs of a car accident?
Minimum Coverage Isn’t Always Enough
Remember, minimum car insurance quotes are not based on realistic expectations for what you may pay in a car accident—the minimum quotes are based on the insurance firm’s decisions. Minimum coverage may seem like the most affordable, and certainly the cheapest, but when you find yourself in an accident, they usually yield the least amount of protection.
To top this all off, there are many exemptions to minimum coverage, such as hit-and-runs, accidents involving uninsured motorists, and collision/comprehensive damage coverage. While many states require personal injury protection (PIP) and uninsured motorist coverage (UM), you can’t take for granted that you’ll be protected when you unexpectedly find yourself in an accident.
Protecting Yourself After A Car Accident
Whether you opted for minimum car insurance coverage or premium coverage, there is always a limit to the money that an insurance policy will pay out, and the insurance provider could deny your claim. Making a call to a car accident lawyer should be a main priority.
Personal injury attorneys aren’t just necessary for going to court over a dispute; when you have suffered injury in a car accident, they can help you assess your situation and determine whether your insurance covers all of the costs incurred by the accident.
In many cases, the car insurance coverage is not enough—especially when catastrophic injuries are involved. Serious injuries usually result in years of medical treatment and other out-of-pocket expenses that aren’t covered, such as wages lost from your inability to return to work.
The bottom line is that car insurance alone may not fully protect you after a car accident, especially if another individual was responsible. Contact Power & Brown, LLC and discuss your situation with our car accident lawyer in Anchorage, AK!