Automobile Insurance is something that an individual purchases to help pay for financial losses or obligations incurred in the event of an accident caused by you. It will also protect you if someone else caused the accident, but had no auto insurance coverage. On a new car Philadelphia new car insurance requires that you have medical coverage, bodily and property damage liability.

Bodily injury liability means that if you are at fault in a car accident and someone is injured, the insurance will cover their medical and rehabilitation expenses and any damages that you are found liable for. The coverage must be at least $15,000 to $30,000. Property damage liability covers you if you damage someones property in and you are the one at fault. You must have at least $5,000 of property damage liability coverage. Some Philadelphia companies offer a single limit of $35,000 meaning this meets the bodily injury liability and property damage minimum requirements. When you are shopping for Philadelphia insurance quotes for a new car you need to have an idea of what coverage you want, what limits of liability you need and what kind of deductible you want. You need to have all drivers names, ages, sex and marital available, as well as your driving record including any accidents or traffic tickets. You will also need to present information about the new car regarding the full vehicle identification number (VIN), what you paid for the vehicle and if it has any special equipment. Under Pennsylvanias premium rating law, insurance companies can calculate their on rates based on past loss experience and expenses.