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Like many other states, Georgia’s minimum car insurance requirements are 25/50/25. This means that your insurance will pay a maximum of $25,000 in bodily injury to one individual, $50,000 for everyone in the accident, and $25,000 to repair or replace any property that is damaged in the incident. In costs above this amount the guilty party is personally responsible for supplying the funds to pay the bills.
It is somebody’s fault and that somebody (and their insurance company) are going to pay! That is the rule in the State of Georgia. This is referred to as a Tort system. There is no such thing as a no fault accident in this state.
The average hospital charge for one day in the hospital in the South is around $4,900. Now, if you multiply this by say 2 days for a minimal accident you are looking at almost $10,000 in bodily injury charges for a single person in a single accident. Multiply this by a family of four and you are now looking at almost $40,000 for a two day stay in the hospital. This does not account for the rehabilitation costs that will occur after they are released. Since you only have $10,000 left you are going to have to go into your own pocket if this is all the coverage you have. The P.T. is going to cost about $1,000 per session for all of them. Starting with 3 sessions per week, for two weeks, and then dropping to 2 times per week for 2 weeks, and then once a week for the next 30 days. That is forty-four visits all together at $1000 per visit, the math is simple $44,000 less the $10,000 you have left from your insurance coverage. Guess who gets to pay the remaining $34,000.
This very conservative scenario is the reason why going above and beyond the minimum Georgia car insurance coverage might be a better idea. If you have a clean record, you can shop around for the best price on your Georgia car insurance rates. Getting the most you can for your dollar is always sage advice. Another piece of good advice is looking into a medical coverage rider for yourself and the people in your car. This can save a mountain of headaches when you have to get medical treatment due to an accident, even if it is your fault. The medical coverage rider attached to your Georgia car insurance pays no matter who is at fault. Your doctor’s office should have the proper form to turn in to the insurance company to instigate the use and issuance of payment against this rider.
Like any other state, Georgia makes sure if you are on the road you have the ability to pay for any damage you may cause by having these car insurance requirements. It is the only fair thing to do, you may think you can take care of yourself in an accident, but what happens to the other guy that was not at fault, or you if you are the one not at fault? Get cheap auto insurance in georgia by comparing rates online. It could save you hundreds of dollars per year.