Car Insurance for First-Time Owner Nebraska NE
Reader’s Question:
I just moved here in Nebraska and am thinking of buying a car, my first one, in fact. What do I need to know about car insurance?
William
Omaha, NE
Each state has its own set of guidelines for their car insurance policies. For Nebraska the minimum requirement for its resident motorists is a liability policy. This type of insurance will cover damages sustained by the injured party during an accident caused by the insured. This includes bodily injuries and damages to the car of the victim. The smallest liability amount required in this state is $25 thousand for injuries of a single individual, $50 thousand for the total medial expenses of all the passengers of the vehicle and $25 thousand to repair any public or private property damages.
Another type of insurance which is not required but is suggested is comprehensive insurance. Liability applies only to the other motorist but won’t help you pay for repairs to your own vehicle. Comprehensive insurance can assist you financially in this but only up to the Kelley Blue Book value of the car. If repair costs exceed this value, the car insurance company will declare it totaled and award you the full cash value of your car.
There is also such a thing as uninsured motorist coverage. This is also not required but is probably a good idea to have. This type of car insurance can cover you in case you get into an accident, and it’s the other driver’s fault and he or she doesn’t have insurance. Instead of waiting for the results of a lawsuit, you can quickly receive medical care and make repairs to your own vehicle.
To get more information regarding car insurance policies in this state don’t hesitate to contact the Nebraska Department of Insurance. Knowing all your options will help you make a better choice.
Tags: First time driver car insurance, First-Time Buyer, liability insurance
Rented Cars and SR22 Insurance Nebraska NE
Reader’s Question:
I have been required to carry SR22 because I frequently rent cars in Nebraska. Is this really necessary?
Bart
Omaha, NE
All states require each and every motorist to obtain car insurance as a safeguard from the possible risk of causing accidents which often result in property damage and bodily injury.
The state of Nebraska has a simple set of requirements to its motorists. Drivers operating motor vehicles in public roads are obligated to have the minimum liability insurance. This covers for medical and repair costs incurred following an accident where the insured was responsible.
Your case – where you do not have your own vehicle but frequently operate rented ones, does not exclude you from the insurance laws of Missouri. You are still required to carry liability insurance, may this be in the form of a non-owners policy or rental car insurance purchased from the same company where you rented the vehicle.
But do not confuse SR22 with coverage. SR22 is not an insurance policy of any sort. This form is a proof or certification filed by the insurance company to the Department of Motor Vehicles on the policyholder’s behalf to show that certain liability coverage is in effect.
Non-owners SR22 insurance policy may not be enough, though. If in case you cause an accident, the non-owners SR22 policy will cover for costs of medical care and repairs to damaged property provided that they are within the specified limits of your coverage. Always bear in mind that it will not cover your rented vehicle.
Tags: DMV, non owners insurance, rental car insurance, sr22 car insurance