Drivers in Little Falls, MN must abide by the mandated rules for auto insurance in the state of Minnesota. They require that you carry liability insurance, personal injury coverage, and uninsured /underinsured driver insurance. The liability requirements are bodily injury of $30,000 per person and a total of $60,000 per accident with an additional $10,000 in property damage. Personal injury of $40,000 and $25,000 per person and $50,000 per accident for uninsured/underinsured coverage. Comprehensive and collision coverage is not mandated by law. At Hanneken Insurance Agency Inc. we know the auto insurance requirements but we also know about what you may actually need to have.
If you have an auto loan, you will need to carry comprehensive and collision insurance, it is required by lenders. If you don’t have a car loan than you don’t have to carry comprehensive and collision insurance but just because it is not required it doesn’t mean that it isn’t a good idea to opt to carry it anyway.
Collision insurance protects your car in the event that you are the party at fault in an auto accident. Auto repairs are expensive and most people count on their vehicle for transportation to get to work, to get to the grocery store, and for everyday running around. If you can afford to repair your vehicle or if you have an older vehicle with very little cash value then you may not need to carry collision coverage but for most people, it is a good idea.
Comprehensive insurance covers not collision damage to your vehicle and also theft. The same criteria hold true, if you could pay to repair or replace your vehicle or if it isn’t worth replacing then you don’t need this coverage.
The experienced team at At Hanneken Insurance Agency Inc. in Little Falls, MN understands auto insurance and is here to help guide you in choosing the correct coverage for your particle situation. Give our office a call for a no-obligation quote.