What Is PIP Insurance?

PIP insurance coverage stands for personal injury protection.  Personal injury protection coverage typically includes coverage for hospital and medical bills, funeral expenses and reimbursement for lost wages.  PIP insurance policies vary from state to state and from driver to driver.  Some PIP insurance policies don’t include an option for lost wage reimbursement.  You will normally have to pay a deductible of $250 or higher as well as a copayment for medical expenses.  Normally PIP insurance provides coverage for the policy holder, their passengers, and family members living in their household.  PIP insurance is sometimes referred to as no fault insurance since the PIP policy provides coverage no matter who is at fault in the accident.

If you are considering PIP insurance coverage or are required by your state to carry this type of coverage, you can contact your auto insurance company to ask them how much it will cost for PIP coverage.  You can also fill out free auto insurance quotes online to see how much PIP insurance costs with different auto insurance providers.