Should I Carry Medical Insurance Coverage on My Auto Policy?

The number one consideration in answering this question is: Do you have major medical coverage through work or through your own individual policy?

If you do not have your own major medical policy, you should consider getting as much medical coverage on your auto policy as you can afford. Although it will only cover medical expenses from an automobile accident, it is relatively inexpensive.

If you have a high dedictible on your major medical coverage, make sure that you get enough medical coverage on your car policy to cover the gap. Often individual medical policies have deductibles of $5000 or more. Having over $5000 in medical coverage on your auto policy makes good sense in this situation.

Medical coverage on your auto policy will be paid out in addition to any other coverage that you have. You can use this to cover loss of income due to an auto accident and related expenses that you incur from your accident.

If you have good major medical coverage for your family you may be able to same some money by opting out of his coverage or by only getting $1000 or $2000 in medical coverage. Remember, medical coverage on your auto policy covers not only your family, but also any passengers in your family cars. Teens and college students often have friends riding with them. Your medical coverage will cover them in case of a minor accident.