Top Who Needs Personal Injury Protection

PIP is mandatory if you reside in one of the following states :

• Colorado

• Delaware

• Florida

• Hawaii

• Kansas

• Kentucky

• Massachusetts

• Michigan

• Minnesota

• New Jersey

• New York

• North Dakota

• Oregon

• Pennsylvania

• Texas

• Utah

Even if PIP is optional in your state (some do not offer it), you still might want to consider adding it to your insurance portfolio. PIP, on average, covers 80% of your medical related expenses (contingent on your state's coverage limits). And, because of its no-fault structure, assures you of quick payments.

PIP protects the following:

• You, the policyholder, and all relatives living in your house

• All of your passengers (this includes non-family)

• Drivers authorized to operate your vehicle

• You and family members if injured while riding in someone else's vehicle

• If you're a pedestrian struck by a vehicle (not offered in all states)

PIP does not cover:

• Recreational vehicles

• Farm equipment

• Motorbikes

• Intentional injuries while driving

• Accidents related to felonies

Where to Get Personal Injury Protection

Most, but not all, insurance companies sell personal injury protection―so you might have to call around. Before inking your name to a policy, be sure to do some comparative shopping; every company offers different rates, and this way you'll be able to find a policy that meets your budget and needs.

Top How Much Personal Injury Protection Costs

Costs are contingent upon your state of residence. If you live in a state with mandatory PIP, the minimum amount of coverage has already been decided; if you live in a state where it's optional, the choice is yours on how much coverage to carry. You'll find limits, depending on state, range from $1,500 to $250,000.

When deciding on coverage amount, consider the following:

• How much health insurance do you currently have? If you carry enough to cover your medical costs, you might have overlap, requiring only a minimal amount of personal injury protection.

• Do you often drive with passengers? If yes, consider protecting yourself with a higher amount of coverage, because as the driver you are responsible for the safety of your passengers.

NOTE: Keep in mind that you must cover all the vehicles on your policy when you buy personal injury protection, so expect a higher rate if multiple vehicles are listed on your policy.