Best Personal Injury Protection (PIP) Insurance Coverage: What You Need to Know in 2024 (Top 10 Companies)

Discover the best personal injury protection insurance companies such as State Farm, USAA, and Progressive. State Farm stands out with comprehensive coverage, vanishing deductibles, and competitive rates. Find the essentials for choosing the right PIP coverage in this brief overview.

If you or your passengers are injured in an accident, personal injury protection (PIP) comes in handy. It is auto insurance coverage that will pay for you and your passengers’ medical bills up to the policy limit, regardless of who is at fault. 

Our Top 10 Best Companies: Best Personal Injury Protection (PIP) Insurance Coverage

This can help lessen the amount you have to pay in hospital bills after a serious accident, as it will help cover what your health insurance doesn’t.

Even if you aren’t required to carry personal injury protection in your state, it can be useful coverage to have on your car insurance policy. Continue reading to learn everything you need to know about personal injury protection.

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#1 – State Farm: Winning With Comprehensive Coverage and Vanishing Deductibles

Pros

• Multi-policy discounts: State Farm offers a significant multi-policy discount of up to 25%, making it appealing for customers looking to bundle their insurance needs, leading to potential cost savings.
• Safe driving incentives: With a safe driver discount of up to 15%, State Farm encourages and rewards good driving habits, providing an opportunity for policyholders to further reduce their premiums.
• Vanishing deductible feature: State Farm stands out with its vanishing deductible feature, rewarding policyholders with lower deductibles over time if they maintain a clean driving record. This can result in substantial savings in case of a claim.

Cons

• Premium costs: While State Farm offers various discounts, some customers may find that its premium costs are relatively higher compared to other insurers, potentially impacting budget-conscious individuals.
• Limited online convenience: State Farm’s online services, though improving, might not be as robust as some competitors. Customers who prefer extensive online interactions may find the platform less user-friendly.

Read more: State Farm Car Insurance Review

#2 – USAA: Victorious for Military-Focused Benefits and Competitive Rates

Pros

• Military-focused benefits: USAA caters specifically to military members and their families, providing unique benefits such as up to 10% multi-policy discounts and up to 20% safe-driving discounts, making it a top choice for this demographic.
• Competitive rates: USAA is known for offering competitive rates, reflected in the average monthly rates for good drivers. This affordability can be a major advantage for members seeking comprehensive coverage at a reasonable cost.
• Top-notch customer service: USAA consistently receives high marks for customer service. Their commitment to serving military personnel and their families often results in a positive experience for policyholders.

Cons

• Eligibility restrictions: USAA membership is limited to military members, veterans, and their families. This exclusivity means not everyone can access the benefits offered by USAA, making it less inclusive.
• Limited physical presence: USAA operates primarily online and over the phone, lacking the extensive physical presence of some competitors. Customers who prefer face-to-face interactions with agents may find this limiting.

Read more: USAA Car Insurance Review

#3 – Progressive: Triumphant in Customization and Online Convenience

Pros

• Multi-policy discounts: Progressive provides multi-policy discounts of up to 15%, encouraging customers to consolidate their insurance needs for potential cost savings.
• Varied coverage options: With a focus on customizable policies, Progressive allows customers to tailor their coverage to specific needs. This flexibility appeals to individuals seeking personalized insurance solutions.
• Online convenience: Progressive excels in online services, making it convenient for customers to manage their policies, file claims, and access information from the comfort of their homes.

Cons

• Slightly higher premiums: Progressive’s average monthly rates for good drivers may be slightly higher compared to some competitors, impacting individuals prioritizing lower premium costs.
• Customer service variability: While Progressive has made strides in customer service, some customers have reported varied experiences. Improvements in consistency could enhance overall customer satisfaction.

Read more: Progressive Car Insurance Review

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#4 – Allstate: Conquering With Bundle Discounts and Comprehensive Coverage Options

Pros

• Bundle discounts: Allstate offers bundle discounts of up to 20%, making it an attractive option for customers looking to combine multiple insurance policies and save on overall costs.
• Safe driver incentives: With a safe driver discount of up to 15%, Allstate encourages and rewards policyholders for maintaining good driving habits, potentially leading to lower premium rates.
• Comprehensive coverage options: Allstate provides a wide range of coverage options, allowing customers to tailor their policies to specific needs. This flexibility ensures that individuals can find coverage that suits their unique requirements.

Cons

• Higher premiums: Some customers may find that Allstate’s premiums are relatively higher compared to other insurers. Affordability-conscious individuals may explore other options to find more budget-friendly choices.
• Mixed customer service reviews: While Allstate offers various channels for customer support, there are mixed reviews about the quality of their customer service. Improvements in consistency could enhance overall satisfaction.

Read more: Allstate Car Insurance Review

#5 – Nationwide: Succeeding Through Customizable Policies and Financial Stability

Pros

• Customizable policies: Nationwide is known for offering customizable policies, allowing customers to tailor their coverage to fit specific needs. This flexibility appeals to individuals seeking personalized insurance solutions.
• Multi-policy discounts: Nationwide provides multi-policy discounts of up to 10%, encouraging customers to consolidate their insurance needs and potentially benefit from cost savings.
• Strong financial stability: Nationwide has a strong financial standing, which can provide policyholders with confidence in the company’s ability to meet its financial obligations and handle claims effectively.

Cons

• Average customer service: While Nationwide offers customer service options, the quality may be perceived as average. Enhancements in customer service could contribute to a more positive overall experience.
• Limited local presence: Nationwide’s physical presence may be limited in some areas, which can impact customers who prefer face-to-face interactions with local agents.

#6 – Liberty Mutual: Emerging Victorious With Multi-Policy Discounts and User-Friendly Online Tools

Pros

• Multi-policy discounts: Liberty Mutual provides multi-policy discounts of up to 12%, encouraging customers to bundle their insurance needs for potential cost savings.
• Comprehensive coverage: Liberty Mutual offers comprehensive coverage options, including features like vanishing deductibles, providing additional benefits to policyholders over time.
• User-friendly online tools: Liberty Mutual excels in online services, offering user-friendly tools for managing policies, filing claims, and accessing information conveniently.

Cons

• Higher premiums: Liberty Mutual’s premium costs may be relatively higher compared to some competitors, impacting customers seeking more budget-friendly options.
• Mixed customer reviews: While Liberty Mutual has positive reviews for its online tools, there are mixed opinions about its overall customer service. Consistency in service quality could be improved.

Read more: Liberty Mutual Car Insurance Review

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#7 – Farmers: Winning With Local Agent Support and Diverse Coverage Options

Pros

• Local agent support: Farmers provides local agent support, making it an excellent choice for customers who prefer face-to-face interactions and personalized assistance.
• Multi-policy discounts: Farmers offers multi-policy discounts of up to 10%, encouraging customers to bundle their insurance needs for potential cost savings.
• Diverse coverage options: Farmers provides a range of coverage options, allowing customers to tailor their policies to specific needs and preferences.

Cons

• Average customer satisfaction: While Farmers has local agent support, customer satisfaction reviews are average. Continuous efforts to enhance customer service could improve overall satisfaction.
• Online services limitations: Farmers’ online services may not be as extensive as some competitors, potentially limiting the convenience for customers who prefer managing their policies online.

Read more: Farmers Car Insurance Review

#8 – AAA: Achieving Victory With Multi-Policy Discounts and Flexible Policy Options

Pros

• Multi-policy discounts: AAA offers multi-policy discounts of up to 15%, making it an appealing choice for customers looking to bundle their insurance needs for potential savings.
• Policy options: AAA provides diverse policy options, catering to various customer needs. This flexibility ensures that individuals can find coverage that aligns with their specific requirements.

Cons

• Membership requirements: AAA membership is required to access their insurance services. This exclusivity may limit the availability of AAA insurance to a specific demographic.
• Limited online presence: While AAA has a strong physical presence through local clubs, its online services may not be as comprehensive as some competitors, impacting customers who prefer online interactions.

Read more: AAA Auto Insurance Review

#9 – Travelers: Triumphant With Online Convenience and Safe Driver Incentives

Pros

• Online convenience: Travelers excels in online services, offering convenient tools for managing policies, filing claims, and accessing information, providing a streamlined experience for tech-savvy customers.
• Multi-policy discounts: Travelers provides multi-policy discounts of up to 13%, encouraging customers to bundle their insurance needs for potential cost savings.
• Safe driver incentives: With a safe driver discount of up to 12%, Travelers rewards policyholders for maintaining good driving habits, potentially resulting in lower premiums.

Cons

• Premium costs: Some customers may find that Travelers’ premium costs are relatively higher compared to other insurers. Exploring cost-effective alternatives may be a consideration for budget-conscious individuals.
• Mixed customer reviews: Travelers has received mixed customer reviews, with some praising their online services and others expressing concerns about the claims process. Improvements in consistency could enhance overall satisfaction.

Read more: Travelers Car Insurance Review

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#10 – Esurance: Winning 24/7 Support and Multi-Policy Discounts

Pros

• 24/7 support: Esurance stands out with 24/7 support, providing customers with round-the-clock assistance for claims and inquiries, offering convenience and accessibility.
• Multi-policy discounts: Esurance offers multi-policy discounts of up to 10%, encouraging customers to bundle their insurance needs for potential cost savings.

Cons

• Premium costs: Esurance’s premium costs may be relatively higher compared to some competitors, impacting individuals prioritizing lower premium expenses.
• Limited local presence: Esurance’s online-focused model means it may have a limited physical presence, which can affect customers who prefer face-to-face interactions with local agents.

Read more: Esurance Auto Insurance Review

Understanding 10 Best Auto Insurance Companies for Personal Injury Protection (PIP)

Analyzing the average monthly rates for Personal Injury Protection (PIP) among the 10 best auto insurance companies provides valuable insights into the pricing dynamics within the insurance industry. USAA emerges as the most budget-friendly option, offering PIP coverage at $59 for full coverage and $22 for minimum coverage.

Average Monthly Auto Insurance Rates for Personal Injury Protection (PIP)

State Farm and AAA also present competitive rates, with full coverage at $86 and minimum coverage at $33 for State Farm, and $86 and $32 for AAA, respectively. These companies position themselves as affordable choices for individuals seeking reliable PIP coverage.

On the higher end of the spectrum, Liberty Mutual commands a premium position with PIP rates of $174 for full coverage and $68 for minimum coverage. Allstate follows closely, positioning itself as a provider of comprehensive protection at a cost, with rates set at $160 for full coverage and $61 for minimum coverage.

Farmers, Nationwide, and Esurance fall within the mid-range, offering varying levels of coverage at corresponding price points. Consumers should carefully assess their budget constraints and coverage needs to make an informed decision, considering both the affordability and comprehensiveness of the PIP coverage offered by these reputable insurance companies.

Personal Injury Protection Insurance Explained 

If you or your passengers are injured in a car accident, personal injury protection will help pay for your medical bills. It also will apply if you are a pedestrian or cyclist who gets hit by a car, or if you are a passenger in someone else’s car and have an accident. In addition to medical bills, personal injury protection may also cover the following, depending on your state. 

• Disability or rehabilitation bills. If you are disabled or need rehabilitation treatment after an accident, personal injury protection will help cover some of the costs. 

• Funeral costs. Personal injury protection will help pay for funeral costs if you or a passenger die as the result of an accident.

• Household services. If you are unable to take care of your children or do housework, personal injury protection will help pay for these costs until you are back on your feet. 
• Lost wages. If you have to take time off to recover, personal injury protection will help cover some of your lost wages until you can get back to work. 

While personal injury protection may seem similar to health insurance or medical payments (MedPay) insurance, it is not the same, as it is only for vehicle-related injuries and covers more than MedPay does. 

Personal injury protection’s limit is also usually lower than that of health insurance, which means it won’t cover as much of your bills as health insurance will. Therefore, you should still carry good health insurance even if you have personal injury protection. Not to mention, personal injury protection only applies to car-related accidents, leaving you vulnerable in other areas if you have poor health insurance coverage. 

Read more: Top Payment Protection Insurance Coverage: What You Need to Know

What does personal injury protection insurance cover? 

Personal injury protection insurance will cover any necessary medical treatment after a car accident. It will also cover any necessary rehabilitation if your injuries require ongoing care to recover fully. 

So if you need to be hospitalized or need an operation after a car accident, personal injury protection will help pay for your medical expenses. In some states, it will also cover your lost wages, household expenses, and funeral costs. You will have to check the specifics of your policy to see the maximum amount your personal injury protection policy will cover. 

Do I need personal injury protection if I have health insurance? 

Personal injury protection is a required auto insurance coverage in several states. So even if you have health insurance, you will still need to carry personal injury protection if you live in a state where it’s required. You will need to file with personal injury protection in addition to your health insurance for medical bills. 

If you live in a state where it’s not required, you can carry just health insurance. If you have great health insurance, you may not need personal injury protection, but you may wish to get it if you want extra coverage for costs outside of medical bills, such as lost wages. 

If you are concerned about the cost of personal injury protection insurance, you should shop around for quotes from different car insurance companies, as knowing where to find the best auto insurance rates starts with getting quotes. You can also check what discounts your auto insurance company has, as there may be additional discounts you can qualify for that will bring down your car insurance rates. 

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Personal Injury Protection Requirements by State 

You are not always required to carry personal injury protection to drive legally. In states where you are required to carry personal injury protection insurance, the amount you must carry will vary by state. Take a look at the table below to see which states require personal injury protection.

Auto Insurance Minimum Requirements Per State

The required coverage could range from $2,000 per person to $15,000 per person. There is also a wide range in how much coverage is offered per accident. 

Bear in mind that you can always opt to carry a higher limit of personal injury protection insurance than what your state requires. If your health insurance isn’t great, or you just want more protection because you live in a state with a high number of crashes, you can always purchase more than what is required. 

How Personal Injury Protection Works With Other Car Insurance Coverages 

You would typically file a personal injury protection claim for compensation if you are injured in an accident caused by either you or another driver. If the other driver caused the accident and your personal injury protection doesn’t cover all of your medical bills, you can file a claim under the other driver’s liability insurance if applicable. 

In extreme cases where you are permanently disabled, you may choose to also file a lawsuit with the other driver if both your insurance and their insurance don’t provide adequate coverage. However, you can’t accept a claim payout if you plan on suing and should only sue as a last resort after exhausting all your other options, as legal battles are lengthy and expensive. 

Personal Injury Protection vs. No-Fault Insurance 

Personal injury protection may sometimes be referred to as no-fault car insurance because it is often required in no-fault states. This simply means that every driver is responsible for carrying car insurance that will cover their own medical bills and property damage bills if they are in an accident, regardless of who caused it. 

In at-fault states, the driver who caused the accident is responsible for other drivers’ property damage bills and medical bills. A few at-fault states do require personal injury protection, which means that personal injury protection insurance isn’t always no-fault insurance. 

If you do live in a state with a no-fault system, keep in mind that you can’t sue another driver unless your injuries exceed the monetary threshold set by your state. Your state may also have specific requirements limiting suing to cases involving serious injury, disfigurement, or death. Conditions may also change based on whether the other driver was driving under the influence. 

Therefore, while personal injury protection may be referred to as no-fault insurance, this isn’t always the case. You should make sure to read up on your state’s individual personal injury protection laws so you are familiar with any stipulations that will apply to your coverage after an accident. 

How to File a Personal Injury Protection Claim 

Filing a personal injury protection insurance claim works the same as filing any other claim, but there may be extra requirements for submitting medical documentation and stipulations on what treatments are covered. A personal injury protection claim can often be filed online or over the phone.

Your car insurance company may require you to see a medical examiner of its choice, especially if you are claiming for an ongoing injury. There may also be a time limit on how long you have to file for personal injury protection after an accident, and filing past that time limit could result in a higher copay or denial. 

We recommend checking your car insurance company’s requirements for filing a personal injury protection claim before you are in an accident. Being familiar with the process will ensure you don’t miss any deadlines if you end up needing to file a personal injury protection claim in the future. 

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Case Studies: Best Personal Injury Protection (PIP) Insurance Coverage

Case Study 1: Sarah’s Medical Expenses Coverage

Sarah, a 32-year-old professional, received full coverage for her medical expenses, including hospitalization and rehabilitation, through her comprehensive PIP insurance policy after a severe car accident. This invaluable coverage significantly eased Sarah’s financial burden, helping her focus on her recovery without worrying about the costs.

Case Study 2: James’ Lost Wage Reimbursement

James, a self-employed contractor, received lost wage reimbursement through his PIP insurance policy after being injured in a car collision, mitigating the financial impact of his inability to work for weeks. This support enabled James to cover his living expenses during his recovery period, providing much-needed financial stability during a difficult time.

Case Study 3: Maria’s Additional Benefits Coverage

Maria, a passionate cyclist aged 28, received supplementary coverage for alternative therapies through her PIP insurance policy after a hit-and-run accident, providing her with access to treatments like acupuncture and chiropractic care. These additional benefits proved instrumental in her recovery journey, offering a diverse range of treatment options beyond traditional medical interventions.

Case Study 4: John’s Funeral Expenses Coverage

John, a 50-year-old family man, passed away in a car accident, but his PIP insurance coverage alleviated the financial strain on his loved ones. The policy’s funeral expenses coverage supported the costs of his memorial service and burial, providing his family with peace of mind and allowing them to concentrate on grieving and supporting one another without added financial pressure.

Case Study 5: Emily’s Rehabilitation Coverage

Emily, a 26-year-old recent college graduate, received comprehensive rehabilitation support for her spinal cord injury through her PIP insurance policy, including specialized therapies and adaptive equipment. This coverage played a vital role in her recovery, enhancing her mobility, function, and overall well-being.

The Final Word on Personal Injury Protection Insurance 

Personal injury protection is required in a handful of states and optional in other states. Personal injury protection will help pay for your medical and rehabilitation bills if you or your passengers are injured in a vehicle-related accident. Depending on your state, personal injury protection may also help cover your lost wages, household costs, and funeral costs. 

If you want to purchase personal injury protection, we recommend shopping around to find the best deal. You can use our free quote comparison tool to compare quotes from insurance companies in your area so that you can find the cheapest rate possible based on your coverage needs and driving record. 

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