Auto Insurance

In most states, you are required to have auto insurance if you own a car. There are four different types of insurance you can choose from:

Liability covers the insured against personal injury claims and property damage claims brought by others who claim the accident was your fault--basically, this protects you from having to pay for another if you are at fault in an accident. Liability insurance does not provide any coverage for your medical expenses and property damage to your vehicle

Uninsured and underinsured motorist protects you and your passengers if an under-insured or uninsured motorist or a hit-and-run driver injures you.

Collision and Comprehensive reimburses you for repair costs resulting from a collision. Comprehensive covers you for damage due to theft, vandalism, storm, fire and other causes.

Medical payments covers expenses associated with accident-related injuries suffered by you and anyone riding in your car.

As with health insurance, your periodic premiums can be reduced by paying a higher deductible. Consider what you can afford and the type of coverage that will best meet your needs.

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