Can I get PIP insurance without a job?

The best way to find cheap PIP insurance is to shop around and compare quotes from several insurers in your state. The personal risk factors that can affect how much you pay for PIP (personal injury protection) are the same ones that affect the pricing of any type of auto insurance. These include your claims history, credit history, location, driving record, age, and gender. As with all types of insurance, different insurance companies weigh each factor differently, resulting in a range of prices. That’s why you need to compare quotes to find cheap PIP insurance for your situation.… read full answer

However, the primary factors that can make PIP expensive are beyond your control. State law sets minimum and maximum coverage limits for PIP in your location, and that’s a huge part of determining premiums. For example, PIP will naturally be more expensive in a state that requires unlimited coverage for lifetime medical costs related to an accident than in one with low mandatory limits.

Another key factor that affects the cost of PIP insurance in some states is the prevalence of fraud. PIP is a common target of fraud, with people often faking accidents or falsifying medical claims to get payouts they don’t deserve. In states with a large amount of PIP fraud, like Florida and Michigan, the costs associated with that fraud get passed on to policyholders in the form of higher premiums.

Personal injury protection (PIP) covers the policyholder and their passengers regardless of who was responsible. Named drivers will also be covered under PIP if they are injured by a car as a passenger, pedestrian, or cyclist. PIP applies to things like medical expenses and lost wages for covered individuals.

Who PIP Insurance Covers… read full answer

• The policyholder
• Any other named drivers
• Passengers in the car if a named driver is at the wheel
• Named drivers who are injured in a car accident, even if they weren’t driving

No-fault states generally require drivers to have PIP so that they can file minor medical claims with their own insurance company after an accident, even if they were not at fault. PIP is available in some at-fault states, as well, because it’s an inexpensive way to protect against medical bills down the road.

For more information, check out WalletHub’s guides to personal injury protection and car insurance for passengers.

Personal injury protection (PIP) insurance covers medical expenses, lost wages, and household expenses after a covered driver or their passengers are injured in a car accident. PIP is a versatile type of insurance because it covers both medical bills and indirect costs stemming from injuries sustained in a car accident. PIP stands for personal injury protection, and it can be used after any crash, regardless of who was at-fault.… read full answer

What PIP Insurance Covers

• Medical expenses
• Funeral expenses
• Lost wages
• Child care and household expenses
• Survivors’ loss for dependents
• Named drivers on the policy and their passengers

The exact details of PIP coverage may vary depending on the state and policy. For instance, some states may require you to have a deductible, and other states require specific PIP limits for funeral expenses, rehab expenses, or loss of income.

For more information and to see if PIP is required in your state, check out WalletHub’s complete guide to personal injury protection.