Types of Auto Insurance
Every auto insurance policy is made up of numerous types of coverages and it is extremely important to know exactly what these coverages will provide. Every state in the United States has different regulation on auto insurance coverages, but below you will find general explanations of the most common types of auto insurance coverage.
Auto Liability Coverage
Every part of the United States requires a minimum auto liability coverage in order to legally operate a vehicle. While auto liability coverage will not cover your own expenses related to property damage, it will cover others’ property damage in an accident to which you are at fault. Auto liability insurance will cover you when operating your own vehicle or when operating another person’s vehicle with permission from the owner.
Comprehensive auto coverage will cover any losses or damage to your vehicle aside from actual automotive accidents. Comprehensive auto coverage will cover your vehicle if it is damaged by virtually anything else (natural disasters, vandalism, theft, etc.) Pair your comprehensive auto coverage with other coverage to get full protection for you property.
Collision coverage will cover damage done to your vehicle in an auto accident. Accidents that are eligible for collision coverage include collision with another vehicle, an object, a building and in the case that your vehicle is rolled over. As well, collision coverage will help to replace your vehicle if it has been totaled. Talking to an agent can help you find the right amount of collision coverage for your vehicle.
Uninsured Motorist Coverage
Uninsured driver coverage will help cover you in the event that you are in an accident with a driver that carries no insurance, carries too little insurance by state regulation, or flees following the accident. Like underinsured driver coverage, uninsured driver coverage will help cover medical expenses for you and the passengers in your vehicle. Depending on your policy, your uninsured driver coverage may also help cover the cost of a rental car or also damage to your vehicle.