MedPay is optional car insurance coverage in most states where it's offered, so you probably aren't legally required to have it. However, it may make sense to you if you're not sure if you can afford your medical bills after a car accident, let alone those of your passengers. If you have health insurance, MedPay can also help you cover your out-of-pocket expenses, such as your deductible. If you don't have health insurance, you should definitely consider MedPay for peace of mind and potentially avoid the financial burden of significant medical expenses.
Comprehensive car insurance and collision insurance are also common types of car insurance coverage, although no state requires them. The main reason why car insurance is mandatory in almost every state is because of your personal liability (liability) if you cause an accident. That's why it's also important to know how much car insurance you need, so as not to jeopardize your personal assets in the event of an accident. However, drivers who choose not to purchase auto insurance must show that they have sufficient funds to meet the state's financial responsibility requirements (PDF) in the event that they cause an accident.
Combining your home and auto insurance policies with Progressive could make your car insurance cheaper. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. Most lenders will require that you have comprehensive auto insurance and car collision coverage when financing or leasing a car. By requiring specific liability insurance for victims of an accident caused by you, they can receive financial help for injuries and property damage without seriously affecting their own financial well-being.
Rideshare coverage covers the gaps between your personal insurance and any other insurance offered by the rideshare company so that you're always protected, whether you're waiting for a trip request or leaving someone at home. A high deductible can save you more money on car insurance per policy period, but you could end up with high out-of-pocket costs if you file a claim. When choosing car insurance coverages, always keep in mind how much you could pay for injuries, damages, repairs, or even a new car.
