Is bodily injury auto insurance tax deductible?

Answer No, bodily injury insurance cannot be deducted from your federal income taxes. The Internal Revenue Service does not allow you to deduct any portion of your car insurance that goes toward paying co... Read More »

Top Q&A For: Is bodily injury auto insurance tax deductible

If an auto insurance pays for medical claims and a settlement is received from an at-fault driver for bodily injury is that to repay the insurance co?

AnswerAccording to my insurance company, if i receive money from the at fault other driver as in a settlement, then yes I have to repay my own insurance company for the medical related expenses the... Read More »

Do you have to reimburse a health insurance provider that paid for medical bills if you received a bodily injury settlement from your auto insurance?

If they have a Subrogation Clause (Section of Property Insurance and Liability Insurance policies giving an insurer the right to take legal action against a third party responsible for a loss to an... Read More »

What is the definition of bodily injury insurance?

Bodily injury insurance protects people who are injured in an automobile accident caused by another driver. It is so important that most states require motorists to carry this insurance. If motoris... Read More »

What is bodily injury liability car insurance?

Bodily injury liability car insurance offers you financial protection in the event someone driving your car causes an automobile accident and someone is injured. Bodily injury liability car insuran... Read More »