A myriad of choices face anyone looking to add or change their auto insurance policies. Legal requirements vary widely by state, and finding the right balance of cost and protection can save you a large amount of money over time. Many states share common requirements and the value of your vehicle may also provide some guidance.
Most states require liability coverage on auto insurance, motorcycle insurance, truck insurance, RV insurance and other vehicle insurance types. Liability coverage includes bodily injury coverage that protects you in case of a collision in which another person is harmed. It does not include injuries to yourself relating from an accident in which you are at fault. Property damage coverage is also included under liability and required in most states. This coverage assists with damage to vehicles, structures and the contents of such.
Optional coverage policies are also available on auto insurance and some trailer insurance policies. These include uninsured motorist coverage which protects yourself and your property in case of a collision with an uninsured motorist, collision coverage for impacts with inanimate objects, and comprehensive coverage. Comprehensive coverage options are often the most expensive, and you may wish to forego this option unless your car is exceptionally valuable or a nest-egg style investment. Comprehensive policies typically cover instances of: fire, water, hail, theft, vandalism, falling objects and impacts with wildlife.
Each level of added auto insurance will increase the cost, but also grants you additional protections should the unexpected happen. Check with your local sheriff’s office or police department to verify required coverage options in your state and speak with a licensed insurance agent to help find the right policy to suit your needs.
Make sure that you get your insurance quotes for your auto coverage today. Find the best prices at your local insurance agency.