Arkansas Insurance Rules You Need to Know About

It is probably not a surprise that every U.S. state's uniqueness can range from flag styles to driving laws. Car insurance laws and regulations also vary widely, especially for Arkansas drivers. Having the required amount of motor vehicle coverage is critical if you get involved in a collision. You should also consult with an experienced car accident personal injury attorney about compensation for your injuries and property damage.

What Car Insurance Coverages Does Arkansas Require?

As of 2020, the Arkansas Insurance Department requires state residents to have the following vehicle coverages at a minimum:

• $25,000 for bodily injury or death for an accident involving one person;
• $50,000 for bodily injury or death in accidents involving two or more people in a single accident; and,
• $25,000 for property damage you cause to others.

Arkansas PIP Coverage Requirements

Personal Injury Protection (PIP) is insurance coverage designed to cover most medical costs, lost wages, and burial expenses for Arkansas residents involved in car accidents. This policy does not rely on fault for the distribution of benefits. Insurance companies around the state typically offer three separate coverage options, and you can pick and choose which and how many you want.

Med Pay

As the name suggests, this coverage deals with accident-related medical costs you and passengers in your vehicle incur as a result of injuries.

Medical payment coverage will compensate some or all of the following expenses:

• Accident-related medical bills
• Ambulance costs
• Funeral expenses

Lost Wages Compensation

Frequently, motor vehicle accident injuries require time off work to recover. This benefit provides for compensating lost income under certain circumstances.

Death Benefit Coverage

If you or a loved one should die in an automobile crash, this policy will ensure that related costs to this death are covered for up to a year after the accident occurred.

It is important to note that all of these policies provide a $5,000 minimum of coverage without a deductible required. For many Arkansas accident victims, PIP coverage is preferable for many accident-related medical costs. Still, you can reject this coverage in writing at any time.

Additional Car Insurance Options Available in Arkansas

While not mandatory, full coverage car insurance is often a preferable option for many drivers in Arkansas. In addition to PIP, there are additional coverages available to you:

Comprehensive

These insurance policies cover damage resulting from circumstances not involving an accident, like hail.

Collision

This coverage protects your vehicle during collisions with another car or object.

Uninsured and Underinsured Motorists Coverage

This insurance is a smart investment. It covers accidents where the at-fault party has inadequate or no insurance to cover the damages they cause.

These policies have three components:

• Personal Injury Protection (PIP)
• Bodily injury
• Property damage

Consult a Reputable Arkansas Car Accident Attorney

If you suffered injuries in a car accident, Arkansas law might allow you to seek compensation. Contact the highly skilled attorneys of the Wren Law Firm today for a free case evaluation.