Ashvini Peiris

Montana has a competitive rating law, which means that various companies charge different prices for auto insurance. Price is an important consideration when buying insurance, but it should not be the only one.

Shop around. Before buying insurance, you should consider contacting several insurance agents or companies to find the best combination of quality and price. You should know what you want before you shop so you will be less likely to buy something you don’t need. Ask several agents or companies to quote how much the annual premium would be for a policy to insure your auto.

Once you have narrowed your search to two or three companies, you should consider each company’s reputation for financial stability, policyholder services, underwriting practices and claims handling practices. Service is difficult to measure, but you can get some indication of a company’s quality by talking to insurance agents. You also may ask your friends and neighbors, who have policies with companies you are considering, about their experience with the company. Read policy documents completely to be sure you know what you are buying and to be sure you are comparing “apples to apples.”

Ashika Mathasinghe

The company should send you any forms necessary to verify your claim. Your claim should be paid promptly after the company receives adequate proof of loss. If the company rejects your claim or pays only part of it, you should be given an explanation for the decision.
If you are involved in an auto accident, you may be responsible for the losses of the other people involved. A claim may be made or a lawsuit filed against you for those losses. You may have to pay not only for the property damage you cause, but also for medical expenses, lost wages, and pain and suffering of any injured person. The amount of money you may have to pay could be substantial. If you do not have insurance, anything of value that you own, including your home, savings and future wages, may be taken to pay for those losses. The proper amount of liability insurance can/may prevent this from happening to you.

Asha Edirisinghe

It is important to give your agent a thorough report on the driving records of all licensed drivers in your house. If you or a member of your family has caused a traffic accident or has been convicted of a traffic violation such as speeding or reckless driving during the last three years, your insurance premium may be higher.
Most companies that sell insurance in Montana have a “Safe Driver Plan.” If no driver in your household has had an at-fault accident or conviction, you may qualify for a lower premium.
Montana law prohibits an insurance company from surcharging a private passenger auto policy due to a claim submitted under the insured’s policy if the insured was not at fault. If you are in an accident that is caused by another driver and you submit a claim to your insurance company to cover your losses, the company cannot surcharge you in any way.

Aseka Wijewardena

Collision and comprehensive coverages protects you against damage to your auto and can be purchased at a much lower price if you have a higher deductible. Deductibles typically range from $50 to $1,000, which is the amount you pay from your own pocket to repair or replace your auto before you collect from your insurance company.

For example, if you have a deductible of $200 and have a $500 loss, you collect $300 from your insurance company. If a loss of less than $200 occurs, you pay for all of it yourself.

You should choose a deductible you can afford without causing financial difficulty if an accident occurs. A higher deductible will lower your insurance premium costs the most on collision coverage, but you also should consider a higher deductible when you buy comprehensive coverage.

Aruni Rajapaksha

Buying the right kind and amount of insurance is difficult because you cannot predict your future needs. There are three general guidelines that you should follow when you buy insurance to protect your future financial security and to keep your present insurance premiums as low as possible. The guidelines are:
The more you have to protect, the more insurance you need. If you own a home or are regularly employed at a good wage, you should consider buying more insurance than the minimum coverage required by law.
Buying insurance to cover your own smaller losses may be unnecessary. If you have a higher deductible or do not buy collision coverage on an older auto, you may save money. The key is to decide how much you could pay in the event of an accident without causing yourself financial hardship.
You should discuss your insurance needs with your agent. It is your agent’s

Anusha Rajapaksha

This coverage will reimburse you for the cost of renting a vehicle if your auto is withdrawn from use for longer than 24 hours and the withdrawal is caused by a collision or a comprehensive loss as defined in your policy. Ask your company or agent how much per day the coverage will pay and the maximum number of days it will cover.
Medical expense benefits coverage pays the medical and funeral expenses for you or others injured or killed in an accident while riding in or driving your auto. This includes all reasonable hospital, surgical, rehabilitative, chiropractic, x-ray, dental, professional nursing, prosthetic and funeral expenses. It also may cover you or members of your family if you are struck by an auto while walking or riding in another auto. You may not need this coverage if you have health insurance. However, it also may pay for injuries to your passengers.
You may need liability insurance above the required amount depending on how much you have to lose. If you have purchased $50,000 of insurance and there is a $100,000 claim or judgment against you, you personally will be responsible for the remaining $50,000 in damages that you or another driver in your auto caused. To reduce this exposure you can purchase more than the minimum limits required by law. You also should consider buying higher property damage insurance limits than are required by law due to the increasing costs of new automobiles and auto repair work.

Anusha Damayanthi

Collision and comprehensive coverages, which are known as physical damage coverage, pay for repair or replacement of your auto regardless of who is at fault.
Collision coverage pays if your auto collides with an object, including another auto.
Comprehensive coverage pays for damage to your auto from almost all other causes such as fire, vandalism, water, hail, glass breakage, wind and falling objects. It also pays if your auto or parts of the auto are stolen. However, there are usually some restrictions regarding coverage for electronic equipment and personal property or other vehicle modifications.
These coverages pay the actual replacement value of your auto if it is stolen or destroyed. Generally, this means that you will be paid only the current market value for your vehicle in pre-loss condition. The company will not pay the cost to replace your auto with a new, current model vehicle of similar quality and equipment. The company is not required to find you another vehicle.
If you finance an auto, the lender generally requires you to have this coverage until the loan is repaid.

Anjula Rajapaksha

Optional coverage is available in addition to the required coverage. These provide additional protection against financial losses resulting from an auto accident.
If you buy only the insurance required by law, and you cause an accident in which you are injured and your auto is damaged, your auto insurance policy will not cover your own losses. Liability insurance pays only for losses you cause to others. Uninsured motorist coverage pays for the medical costs of your bodily injuries, but only if the injuries were caused by someone else without insurance.

Anjana Weerasinghe

Any person operating an uninsured vehicle on public roadways will, upon conviction, be fined a minimum of $250 or sentenced up to 10 days in jail for a first offense.
If convicted a second time, the operator will be fined a minimum of $350 or sentenced up to 10 days in jail. The vehicle owner will be ordered to surrender the vehicle registration and license plates for up to 90 days.
A third or subsequent conviction results in a $500 minimum fine or up to six months in jail and the vehicle owner will be ordered to surrender the vehicle registrations and license plates for 180 days.
If convicted a fourth or subsequent time, the offender’s driver’s license will be suspended until proof of compliance is provided.

Anarkalli Akarsha

Montana motorist insurance , no license or losses resulting from a car accident and is designed to ensure that there is enough money to pay is the financial responsibility law . There are two ways according to the law .
1 . Auto insurance is the most common . You are responsible for the security policy must provide at least the following minimum : one person $ 25,000 for injury or death , $ 10,000 property damage , injury or death of two or more people $ 50,000
Physical injury insurance can directly protect you or your car . It is due to an accident , medical expenses , lost wages , pain and suffering and other losses protection claims . Without using your car accident caused by a family member or if the person giving it . $ 25,000 to victims of any accident, loss thresholds for each . If you are injured in an accident due to many people , an overall minimum coverage limit of $ 50,000 to compensate for the losses .