The basic reason why anyone requires auto insurance is for protection for both you and your car. Depending on your location you have a number of options to choose from for the type of auto insurance you require. Initially, it can be confusing with the plethora of choices available to consumers today. But by getting an understanding of the different types of auto insurances, the task is certainly made easier.
Apart from a handful of states, all the others require a minimal amount of liability insurance. This type of insurance is mainly meant to protect the occupants of the other car when you are responsible for any damage. It covers their medical bills and car repair but not you or your vehicle. For yourself, the insurance you need is comprehensive or collision insurance.
Auto insurance quotes for collision insurance are much higher than liability insurance mainly due to the fact that the coverage is a lot more. It pays for the repairs required for your car as well as your medical bills irrespective of whether or not you were at fault in an accident. Comprehensive insurance covers a majority of other kinds of damage to your vehicle including fire, vandalism or natural disasters.
Based on the particular circumstances, various deductibles can be opted for that will alter the total estimated annual cost for collision and comprehensive auto insurance quotes.
Medical payment and personal injury protection are also available with some companies. They increase medical coverage and sometimes even cover lost wages, childcare costs and related expenses owing to accidents.
Bodily injury coverage is an important coverage in addition to the minimum requirement coverage. This is for auto accidents where you were at fault and in situations where the injury of the other vehicles occupants exceeds their personal injury