Personal Injury Protection (PIP) is not offered or required in most states. However, if you live in a no-fault insurance state, you must carry a minimum amount of PIP coverage. The minimum coverage amount differs by state, and in some cases, you may have the option to purchase more than the minimum for increased protection against medical expenses and lost wages in the event of an accident involving you or your passengers, irrespective of who is at fault.

Factors to consider when purchasing PIP coverage

  • State Requirements: First, check if your state requires PIP coverage and the minimum coverage limit.
  • Health Insurance: If you have health insurance, purchasing personal injury protection might not be necessary. But if you live in a state that requires PIP coverage, getting minimum coverage could be sufficient.
  • Deductible: If your health insurance has a low deductible, you might choose a higher deductible for your PIP coverage to lower your car insurance premiums. However, in most states, PIP coverage doesn’t have a deductible. Therefore, if your health insurance plan has a high deductible, PIP coverage could be a beneficial option for you.

Final thoughts

Your health insurance may cover your medical bills, but it usually doesn’t offer coverage for lost wages or services you may require assistance with, such as house cleaning or childcare, in case of an injury. On the other hand, personal injury protection (PIP) coverage can help cover these expenses and provide additional benefits that are often not included in standard health plans.

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