When looking for car insurance, it is important to understand the difference types of insurance coverage available to you and your family. One of the most often debated types of coverage is Tort Insurance. You will often be able to select full tort or limited tort insurance.
So which one is better?
First, let’s talk about what tort coverage entails. When you are in an accident, your insurance usually covers medical bills and the damage on your car. You also have the option to have coverage for pain and suffering. As you may have already assumed, a lot of pain and suffering can come along with being in an accident. You may not be mentally stable enough to drive again and need to see a therapist. This is something that would only be covered if you have full tort coverage.
Many drivers choose to not have full tort insurance because it enables them to save about 15% on their car insurance each month. Over time this can add up to a significant amount of savings. The big issues arises if you end up in a car accident and need your insurance company to cover more than the standard issues. If you end up needing additional services, these fees can add up to tens of thousands of dollars and leave you in debt.
With full tort insurance, you are allowed by law to seek money for pain and suffering. If you are unable to get to work or are doing through severe emotional pain, this is the best option to have yourself covered. As mentioned above, the ability to go after someone for additional money does come with an additional cost. When purchasing auto insurance it is up to you to determine if full or limited tort insurance is necessary.
State Laws
Each state i n the United States has different rules and regulations on what levels of tort insurance you need. If you do not meet the proper amount, your insurance is invalid and you are not legally allowed to drive. Here is a link to an interactive map that shows different laws by all states in the continental US: State Laws.