Auto Insurance Coverage Recommendations
There are five basic types of auto insurance.
Auto insurance coverage recommendations. Besides various forms of liability insurance there are collision and comprehensive auto insurance coverage recommendations to consider. First its important to understand three of the key components of an auto insurance policy. Types of auto insurance coverage basic extended and premium basic coverage. The money will go to the people you hit but it wont cover the people in your car.
Other common types of coverage can protect you if you need to rent a car due to an accident require roadside assistance or have to pay off a loan on a vehicle that was totaled. Heres how they break down. Choosing the right auto insurance coverage levels is important not only to keep you legal on the road but to keep your personal assets protected in the event of an accident. Here are the principal kinds of coverage that your policy may include.
Rental insurance it costs only a few dollars per year certainly a worthwhile expense if you travel and rent cars frequently. Think of these as the basicsor coverage you cant. Members of auto clubs with such privileges dont need this coverage. Collision insurance covers damage to the policyholders car.
This guide will help you balance cost with coverage. Three of the most important types of auto insurance you can have are liability comprehensive and collision coverage. Liability coverage collision coverage comprehensive coverage uninsured motorist and medical payments coverage. An auto insurance policy can include several different kinds of coverage.
So how much car insurance do you really need to protect you your passengers and your car. State minimum insurance requirements are the car insurance requirements for each state by law for their residents. Your independent insurance agent will provide professional advice on the type and amount of car insurance coverage you should have to meet your individual needs and comply with the laws of your state. Liability coverage these policies help cover liability and expenses when youre at fault in and accident.