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