What is personal injury (PIP) coverage? (guide for 2022) — MarketWatch

A lot of drivers are covered by Personal Injury Protection also known as PIP insurance on their car policies. Yet, only a many people are unaware of the scope of personal injury insurance or when it’s essential.

Our Home Media reviews team researched the most reliable car insurance providers to find out which offer the most security. In doing this we also considered the significance of PIP insurance and came up with what drivers need to purchase PIP insurance.

What exactly is personal injury protection (PIP)?

Insurance for personal injury (PIP insurance) will pay for the medical expenses of you and of the other people in an incident. This is required in 12 states with the no-fault system for car insurance however, drivers from several other states have to be covered.

What is PIP insurance protect?

The policies of PIP generally provide the following types of services:

  • Hospital visits or trips to the the doctor’s office
  • The medical costs associated with X-rays and radiation surgery, prostheses, and X-rays
  • The loss of income is caused by the auto accident
  • Needed child care as well as house cleaning
  • Death benefits are used to help pay for certain funeral expenses

Take note it is important to note that PIP protection doesn’t provide for the care of the damages other drivers create to your vehicle. If that happens it is the policies for liability coverage in case of property damages is likely to apply.

PIP insurance isn’t mandatory in all state and isn’t only an option for many states. Additionally, drivers aren’t able to be carrying PIP insurance or medical payments insurance (MedPay) in the same at the same time.

PIP insurance is different from. liability insurance

Insurance for bodily injury is mandatory in almost all states, and protects others from the damages they suffer when you are the cause of an accident. In states that are no fault, where every victim’s damages are insured by the insurance company this is commonly referred to as “residual insurance coverage for liability cars.”

The majority of drivers use their PIP insurance to help cover the medical costs incurred following an accident, no matter the driver at fault. The bodily injury liability insurance is available in serious circumstances, in which drivers might have to defend themselves against legal action.

If the vehicle you own was damaged by another motorist who is not at fault and the insurance of the other driver provider is still legally required to take care of repair costs. This is due to the fact that PIP insurance will cover medical costs or lost wages as well as funeral expenses , while liability insurance for property damage is designed to cover the costs associated with a vehicle.

PIP insurance in comparison to. medical insurance

Insurance for personal injury and MedPay are very identical, which is the reason insurance policyholders cannot purchase both kinds of insurance under the same insurance policy.

We’ll look at some differences in MedPay and PIP insurance. MedPay:

  • States that are available States that have no fault requirements that drivers have PIP in some states that offer PIP as an option. MedPay isn’t available in areas where no-fault laws are in force.
  • The amount of deductible MedPay customers do not have deductibles when they are covered for health care. Drivers who have PIP insurance generally will have deductibles and could also be responsible for the healthcare insurance’s health insurance’s higher deductibles.
  • The coverage Insurance for PIP is more extensive than MedPay because it goes beyond medical expenses to include expenses for child care as well as lost wages.

In some states, drivers have the option of choosing between PIP insurance as well as MedPay. Be sure to think about the type of medical insurance you’d like to have in your auto insurance policy prior to deciding on one, since every option has advantages and disadvantages.

What is the cost of PIP policy cost?

PIP insurance is cheap insurance, especially considering the benefits that it provides those who are involved in an auto crash. It is possible to shell out anywhere from $5-50 each month to cover the limits that PIP insurance offers.

The no-fault insurance is generally much more costly than that offered in states that have at-fault insurance law. While personal injury protection policy in states with no fault insurance tends to be associated with higher costs, this doesn’t mean it is always the case.

If you are involved in an accident that is serious The medical treatment which PIP can cover could be significantly higher than what you’ve paid for the policy up to now. PIP’s limitations will permit the insured to pay for medical expenses which may not be insured by liability insurance that’s why certain states have PIP insurance.

If you reside in an area of at-fault and have the money to cover medical costs without filing an PIP claim, then it is possible to opt out of insurance. But, the large PIP limit and inexpensive cost for insurance can make it a desirable possibility for everyone who qualifies.

Do I require PIP protection?

PIP is required for drivers operating in the following states that have no-fault law, unless specifically stated otherwise:

Kentucky, Maryland, Texas and Washington state requires drivers to buy PIP, unless they opt out in writing. The areas where PIP coverage is non-required are Arkansas and Virginia, District of Columbia, New Hampshire, South Dakota and Virginia.

Whatever the case, whether PIP insurance is required for you or is just optional It’s certainly worthwhile to consider. Anyone who wants to ensure that medical expenses will be paid after accidents may consider PIP a worthy purchase.

State Farm: The Most Reputable Provider

It’s simple to comprehend the reason State Farm insures more drivers than any other insurance company across the United States. It was able to get higher than average scores from motorists across the country in the J.D. Power 2021 U.S. Auto Insurance Study SM. Additionally, State Farm holds an Astrong financial rating from AMBest and is known for its friendly local agent.

Continue reading: State Farm insurance review

Progressive: Low-Risk Rates for high-risk drivers

For those with low credit or a poor driving histories often get good policy with Progressive. Progressive will accept many drivers who are rejected by other insurers. The rates are affordable and it’s simple to obtain Progressive’s auto discounts on insurance.

Keep in mind that Progressive placed second last on the J.D. Power 2021 U.S. Auto Claim Satisfaction StudySM. Our team contacted Progressive to ask for their opinion on the rating, but we didn’t receive any reply.

Continue reading The progressive review

Our approach

Since consumers depend on our ability to deliver honest and precise details, we designed an extensive rating system that allows us for our ranking of the top automobile insurance providers. We gathered data from dozens of insurance companies and rated them according to a variety of ranking elements. In the end, we came up with an overall score for each company, with those with the highest scores on the list.

In this report we analyzed companies that had excellent overall as well as cost ratings. The cost ratings were determined by estimates of auto insurance rates created through Quadrant Information Services as well as discount opportunities.


*Data is accurate as of the date when it was published.